COE

COE Premiums Rise Except for a Surprising Category: Find Out Which One!

Cars in Singapore getting pricier as COE premiums soar, with a twist in the latest bidding round. Discover the surprising exception! #COE #CarPrices #Singapore

Singapore witnessed a surge in Certificate of Entitlement (COE) premiums in the recent bidding exercise on March 6. The prices for most categories went up, signaling heavier expenses for car buyers. However, amidst the general increase, there was a surprising exception. Mainstream car premiums experienced the most significant rise in March's first bidding round, adding to the financial burden of those aiming to purchase popular car models. COE prices soared across the board except for large cars, offering a slight relief to buyers eyeing this category.

The results of the March 2024 COE bidding exercise painted a vivid picture of the current market situation. Category A closed at a staggering $83,000, while Category B followed closely at $96,010. Category C recorded a price of $75,599, and Category D closed at $9,400, highlighting the escalating costs faced by prospective car owners. Additionally, Cat A premiums bounced back to $83,000, while Cat B witnessed a slight drop to $96,010, showing fluctuations in different car segments.

In summary, COE premiums in Singapore are on the rise, with only large cars bucking the trend in the latest bidding exercise. As car prices continue to climb, buyers are navigating a challenging market, evaluating their options carefully. The dynamic nature of COE prices underscores the importance of staying updated on market trends to make informed purchasing decisions.