COE

COE Prices Drop Across the Board in Latest Bidding Exercise

Discover how COE premiums have decreased for all categories in the recent bidding exercise!

Certificate of Entitlement (COE) premiums witnessed a significant decrease in the latest bidding exercise. The prices for COEs for commercial vehicles, including goods vehicles and buses, dropped to S$70,589 from S$72,001 in the previous round. In June's first round of bidding, premiums fell across all categories, painting a positive picture for buyers. Cat A closed at $88,200, Cat B at $100,607, Cat C at $70,589, and Cat D at $8,989 in the June 2024 COE results. The decline in COE prices for Category A and B vehicles was nearly 5%, showcasing a favorable trend in the market.

The consistent decrease in COE premiums across the board indicates a potential shift in the automotive industry. With prices falling for all categories, buyers can seize the opportunity to invest in vehicles at lower costs. This downward trend in COE prices may lead to increased demand in the market, benefiting both consumers and dealers. It's a promising time for those looking to purchase a vehicle in Singapore, with more affordable options available. The recent dip in COE premiums reflects a positive outlook for prospective car buyers in the country, encouraging them to make their purchase decisions wisely.

Interesting Fact: The June 2024 COE results were particularly notable, with Cat A and Cat B seeing a significant decrease in premiums, making them more attractive to buyers. Additionally, the continuous fall in COE prices signals a favorable environment for those in the market for vehicles, presenting a prime opportunity for investment.