COE) price

Singaporeans' Hearts Aflutter as COE Prices Soar in Latest Bidding Exercise

COE prices take a thrilling ride with unexpected twists and turns in the latest exercise. Get ready to be surprised!

Singaporeans were on the edge of their seats as Certificate of Entitlement (COE) premiums played a game of rollercoaster in the recent bidding exercise on Wednesday, March 20. The prices for Category A cars surged, leaving many car enthusiasts in shock at the sudden increase. However, not all vehicles faced the same fate as commercial vehicles managed to buck the trend, offering a glimmer of hope for some buyers.

Across the city-state, the looming prospect of higher prices for cars and motorcycles looms large, fueled by the uptick in COE premiums recorded in the latest bidding exercise. The rise was noticeable across all categories except for goods vehicles, adding to the apprehension among potential buyers. The overall sentiment among Singaporeans remains mixed, with some bracing for increased costs while others scour for alternative transportation options.

In the midst of the COE price turmoil, the results of the March 2024 bidding exercise revealed interesting outcomes. Category A closed at an impressive $85,489, while Category B saw a significant jump to $96,011. Category C, on the other hand, surprised many with a closure at $70,112. The unexpected twist came with Category D, which closed at $9,689, showcasing the dynamic nature of COE prices.

As the dust settles on the bidding exercise, one fact stands out - the resilience of commercial vehicles in the face of rising COE prices. Despite the overall increase, Category C vehicles managed to hold their ground, providing a ray of hope for budget-conscious buyers. The fluctuations in COE prices continue to keep Singaporean motorists on their toes, navigating the market's twists and turns with cautious optimism.