Singapore’s latest COE bidding exercise on September 9 saw premiums rising across all categories, with Category A (CAT A) breaking its previous record!
Here’s the quick snapshot of the latest results:
- Cat A (Cars ≤1,600cc & ≤130bhp): S$133,009 (New All-Time High! Up +3.5% / +S$4,508)
- Cat B (Cars >1,600cc or >130bhp): S$135,001 (Up +3.1% / +S$4,000)
- Cat C (Commercial Vehicles): S$93,101 (Up +3.4% / +S$3,099)
- Cat D (Motorcycles): S$12,556 (Up +11.1% / +S$1,255)
- Cat E (Open Category): S$137,890 (Up +2.1% / +S$2,890)
The Land Transport Authority (LTA) highlighted that prices remained elevated mainly due to a 3-week gap since the last bidding session, leading to accumulated demand (a total of 4,776 bids were placed for 3,253 available quotas). LTA has advised both buyers and car dealers to stay prudent when bidding in upcoming rounds.
