Small car COE prices dive to 21-month low of $60,002
Published on May 7, 2014 4:00 PM
Premiums for Certificate of Entitlement (COE) took a dive across the board, with the price for Category A falling the most - by more than $10,000.
It went from $71,335 to $60,002 in the latest round of bidding, on the back of more COEs released by the Government for the next three months.
Category B premium also dipped from $75,010 to $70,000 while Open Category premium fell from $73,810 to $65,501.
Motorcycle COE also tumbled, from $4,502 to $4,001. The only category that bucked the trend was Category C, for goods vehicles and buses, which went up from $32,890 to $36,301.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||60,002||71,335|
|B - Car (above 1600cc)||70,002||75,010|
|C - Goods vehicle & bus||36,301||32,890|
|D - Motorcycle||4,001||4,502|
|E - Open||65,501||73,810|
Click here for a bigger chart.