Showing posts with label April Bidding Exercise. Show all posts
Showing posts with label April Bidding Exercise. Show all posts

Wednesday, April 4, 2012

Car COE premiums reach another high

SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).

A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.

The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.

These prices for car COEs have not been seen in recent years.

Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.

According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.

April 1st bidding
Category April 4 March 21
Cars (1600CC & below) & taxis $58,501 $56,501
Cars (above 1,600CC) $83,700 $82,003
Commercial vehicles $53,989 $51,511
Motorcycles $1,896 $2,000
Open category $84,590 $80,101
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