COE premiums rise across most categories in 19 November bidding exercise
COE premiums rose in most categories in the 19 November bidding exercise, with Category B recording the largest increase. Total bids exceeded the quota by more than 40 per cent.
- COE premiums rose across most categories in the 19 November bidding exercise.
- Category B saw the sharpest increase, climbing to S$129,890.
- Total bids exceeded available quota by more than 40 per cent.
SINGAPORE: COE premiums rose across most categories in the latest bidding exercise on 19 November, according to the published results.
The strongest increase emerged in Category B. According to the official bidding figures, premiums for larger cars climbed to S$129,890 from S$115,001 in the previous round.
Category A premiums fell slightly. The price for smaller cars slipped to S$109,000, down from S$110,002 previously.
Premiums for commercial vehicles also edged higher.
The latest exercise showed an increase to S$76,389, compared with S$76,000 in the earlier round.
Motorcycle premiums continued their upward movement.
The category closed at S$8,729, compared with S$8,600 previously.
Open category premiums, which are often used for larger cars, also rose.
The latest price reached S$125,001, up from S$121,010.
Demand remained strong across all categories.
A total of 4,568 bids were received for 3,187 available COEs, indicating a significant oversubscription.
Market observers often note that fluctuations in quotas, alongside broader economic conditions, influence premium movements.
However, the current results reflect persistent demand despite recent price volatility.
With quotas expected to remain tight, analysts suggest that premium movements may continue to experience short-term swings.
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