COE

COE December 2023: 1st Bidding Results

noto
3 Minutes

COE Premiums Close Mixed

SINGAPORE: Certificate of Entitlement (COE) premiums for December's 1st bidding has just been released at the latest tender exercise on Wednesday (6 Dec).

Premiums for Cat A rose by $3,019 from $85,001 to $88,020.

Cat B has dropped slightly from $135,336 to $130,100.

How is the ongoing market conditions?

A few automotive dealers mentioned that their showrooms have been quiet the past two weekends, speculating that customers may be travelling during this particular season.

Ms Corinne Chua, the Managing Director for Volvo Cars at Wearnes Automotive, suggested that COE premiums might remain stable or potentially decrease further in the upcoming second tender in December.

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