January's 2nd Bidding Results are out! COE Prices are back up again, how unpredictable will it get?

SINGAPORE: Certificate of Entitlement (COE) premiums for January's 1st bidding was released at the latest tender exercise on Wednesday (17 Jan).
Premiums for Cat A rose by $16,579 from $65,010 to $81,589 for smaller cars below 1600cc.
Cat B also increased significantly by $26,990 from $85,010 to $112,000.
The relentless climb in COE premiums is a concerning trend for potential car buyers in Singapore, as it contributes to the overall cost of vehicle ownership.