Local News: COE Results for March Round 1
Following this round of bidding, Certificates of Entitlement (COE) have plunged in most categories with the biggest drop in Cat B. Category A (Cars under 1,600cc) segment COEs closed $3,612 lower this round at $74,689. Elsewhere across the board, prices declined with Category B (cars over 1,600cc) COEs falling by $34,577 to close at $58,090. Prices in the Category E (Open Category) have also decreased by $26,909 to finish at $65,001.
The full results are as follows:
Category A (Cars below 1,600cc) : $74,689 (-4.6%)
Category B (Cars above1,600cc) : $58,090 (-37.3%)
Category C (Commercial Vehicles) : $53,900 (+0.7%)
Category D (Motorcycles) : $1,895 (+25.3%)
Category E (Open) : $65,001 (-29.3%)
A total of 903 Cat A, B and E certificates were award in this round's bidding exercise compared to 828 in the last round. A total of 1,636 COEs were awarded
Related Article: Local News: COE results for February round 2
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