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Singapore COE Prices Plummet: Cat A and Cat B Premiums Hit Rock Bottom!

COE prices for cars in Singapore took a surprising nosedive, with premiums hitting record lows for Cat A and Cat B categories. Find out more about the latest COE bidding results here!

In a dramatic turn of events, Certificate of Entitlement (COE) prices in Singapore witnessed a significant drop in the latest bidding exercise. The premiums for both Category A and Category B closed at unprecedented lows, sending shockwaves through the automotive industry. With Cat A closing at $65,010 and Cat B at $85,010, car buyers are in for a pleasant surprise.

The January 2024 COE results revealed an unexpected start to the year, with Cat C closing at $67,599 and Cat D at $9,114. These figures mark a remarkable shift in the market dynamics, giving hope to potential car owners. The COE prices falling across most categories indicate a favorable time for vehicle buyers to make their purchases.

With a quota of 2,422 COEs met by 3,303 bids, the competition was fierce in the latest round. The Category B premium for larger and more powerful cars plummeted to $85,010 from $110,001, making it the lowest price for the category in years. Car enthusiasts and motorists are eagerly monitoring the market for further developments.

The ongoing trend of COE premiums plunging in Singapore signifies a unique opportunity for car buyers. The affordability of Cat A at $65,010 and Cat B at $85,010 is attracting a surge of interest in the market, setting a new benchmark for prices in the automotive sector. As the COE landscape continues to evolve, consumers are advised to stay informed and capitalize on this rare market condition.