Certificate of Entitlement (COE) premiums for vehicles mostly decreased at the end of the latest bidding exercise today, with Category A prices falling to the lowest since July last year.
COE premiums for small cars (1,600cc and below) continued to drop and closed at 4.95 per cent lower at S$61,029, compared with S$64,209 in the previous bidding exercise.
Premiums for big cars (1,601cc and above) decreased by 9.32 per cent from S$73,900 to S$67,010.
In the Open category, where COEs can be used for any vehicle type but end up mainly for cars, the premium decreased by 8.61 per cent to S$66,989.
The COE premium for commercial vehicles – the only category to rise – increased by 3.51 per cent to S$56,011, while the premium for two-wheelers decreased by 5.08 per cent to S$1,812.
SOURCE
Premiums are getting less crazier with each bidding. Maybe it will hit the minimums just before the 60-day period ends when most car buyers will choose to go for the more affordable second hand cars with a more relaxed loan policy.
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