SINGAPORE – Certificate of entitlement premiums rose in all categories except for motorcycles at the tender exercise that closed on April 17.
Open category COEs – used almost exclusively for larger, more powerful cars – ended at $103,249, 2.2 per cent up from $101,002 in the previous tender exercise.The motorcycle COE price fell to $9,990 from $10,000, a dip of $10, or 0.1 per cent.There were 1,390 bids entered In Category A, compared with between 1,866 and 1,931 bids seen in previous rounds since February.
The Car Expo was a large-scale event held on April 13 and 14. It was organised by SPH Media, which publishes The Straits Times. A luxury car brand’s senior manager, who did not want to be named, believes Open category certificates are in demand only by “volume players” with sufficient ready stock to deliver cars.Since March, the premium for the Category A COE has been rising more than the one for Category B. This has resulted in the price gap between the two categories narrowing.
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