COE
SINGAPORE: Certificate of Entitlement (COE) premiums for April's 2nd bidding was released at the latest tender exercise on Wednesday (17 Apr).
Premiums for Cat A rose by $5,010 from $89,000 to $94,010 for smaller cars below 1600cc.
Cat B rose slightly by $667, remaining still in the 6-digit figure range from $101,334 to $102,001.
Cat B prices have been consistently above 100k this month.
Not only that, Cat A prices are also closely hitting 6-digits, currently at $94,010.
Does this mean that 'cut-and-fill' move to tackle the supply trough of COEs available has shown to be limited in its effectiveness?
COE prices for this month has risen across the board, except for Cat D (motorcycle), with a $10 fall in price from $9,980 to $9,990.
At this point, the rise and fall of COE prices are no longer predictable.
But of course, we'll crossing our fingers that we may see a fall for the next bidding results.
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