SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday (Jan 4).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$41,400, up from S$38,200 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$45,289 from S$47,002.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$47,390 from S$48,011.
Motorcycle premiums closed at S$7,701, up from S$7,501 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$40,101 from S$$45,112 in the previous bidding exercise.
A total of 6,375 bids was received, with a quota of 4,359 COEs available.
My prediction: Cat A: $37,000 ~ $39,000 (Plus minus 1k range. Not over $40k) Cat B: $44,000 ~ $45,000 (Take the most hit I guess. down 2k to 3k)
Same feeling for Cat A. Shd be maintaining at the current level with a +/- 1k difference to the current price.
However for Cat B, i got a feeling will be a drop of 4~5k to adjust to the VES surcharge.
COEpremiums close mixed in firstexercise of 2018
SINGAPORE: Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday (Jan 4). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$41,400, up from S$38,200 in ...
Channel NewsAsiaCOEs finish mixed in the first round ofin 2018
SINGAPORE - Certificate of Entitlement (COE) prices finished mixed in the first round of bidding in January on Thursday (Jan 4). Premiums for Category A - cars up to 1,600cc and 130bhp - rose from $38,200 to $41,400. COE prices for Cat B - cars above 1 ...
The Business Times Read on the original site - COE premiums close mixed in first bidding exercise of 2018
In the first COE bidding exercise of 2018, COE premiumsfor Cat A went up, whilst premium for Cat B and E continued to drop.Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $1,713 (3.6 percent) and ended at $45,289.In Cat E, the open category, pemiums decreased by $621 (1.3 percent), with premiums closing at $47,390.Now that the new Vehicular Emissions Scheme (VES) has kicked in and customers are privy to the new prices of cars, it's understandable that demand for larger capactiy cars continues to remain lower (as these cars are generally more heavily impacted by the new VES surcharges). Bids for Cat A COEs increased, while the quota shrank slightly, thus contributing to the 8.4 percent increase in premium. Bids for Cat B and E COEs have remained fairly consistent over a six month period (with the exception of a spike in Cat B bids for November ).With the Government having announced a zero-growth stance for the car population come this February, it will be interesting to watch what happens in the coming months. The upcoming Singapore Motor Show will see the launch of many new models. However, with COE extension numbers hitting an all-time high last year, along with the impact of the new VES driving many car prices upwards, it appears that there is presently no rush from drivers looking to buy new cars. The next few COE bidding exercises will offer us a clearer indication of customer buying sentiment for 2018.
