COE price

Singapore COE Prices Plummet: Cat A and Cat B Hit Record Lows

Discover the latest COE bidding results and why Cat A and Cat B prices are making headlines. Read on for all the juicy details!

In a surprising turn of events, COE prices for cars in Singapore have taken a significant dip in the latest bidding exercise on Thursday. The premiums for Cat A and Cat B closed at their lowest levels, creating a buzz among car enthusiasts and buyers alike. With Cat A at $65,010 and Cat B at $85,010, many are wondering what led to this sudden drop in prices.

The January 2024 COE results unveiled a remarkable start to the new year, with Cat C closing at $67,599 and Cat D at $9,114. These numbers have sparked discussions among industry experts about the future trend of COE prices and its impact on the automotive market in Singapore.

In another bidding exercise of 2024, COE prices across most categories fell, with Cat B experiencing a significant decrease of $25,000. This drastic change has left many car buyers hopeful for more affordable options in the upcoming rounds of bidding. The competitive nature of the COE market continues to keep participants on their toes, eager to secure the best deal.

The recent COE premiums plunge saw Cat A at S$65,010 and Cat B at S$85,010, with a quota of 2,422 COEs met by 3,303 bids. The decrease in prices has brought renewed optimism to the car buying scene in Singapore, with potential buyers eyeing the market closely for the perfect opportunity to make their purchase.