COE premiums plummet in latest round of bidding; Cat A falls by more than $10,000

Premiums for Certificate of Entitlement (COE) took a dive across the board, with the price for small cars in 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.

Premium for Category B, reserved for big cars, also dipped from $75,010 to $70,000 while premium for Open Category, which can be used for any vehicle type but ends up mainly for bigger cars, 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.