Local News: COE Results for September Round 1
Round 1 of September COE prices see lowered prices in most categories
Certificates of Entitlement (COE) prices have recorded lowered prices in most categories following this round of bidding.
It might be the demand for new Category A offerings from Volkswagen and Hyundai, or buyers taking advantage of the previous round's lowered prices, Category A (Cars under 1,600cc) COEs this round closed a marginal $1,111 higher at $68,000.
On the other hand, Category B (Cars above 1,600cc) COEs have again dipped, this time by $7,811 to close at $80,191.
Prices in the Category E (Open Category) have dropped by $5,991 to finish at $87,999.
The full results are as follows:
Category A (Cars below 1,600cc) : $68,000 (+1.6%)
Category B (Cars above1,600cc) : $80,191 (-9.7%)
Category C (Commercial Vehicles) : $57,334 (-3.4%)
Category D (Motorcycles) : $1,801 (-11.7%)
Category E (Open) : $87,999 (-6.8%)
A total of 991 Cat A, B and E certificates were awarded in this round’s bidding exercise compared to 980 in the last round. A total of 1,618 COEs were awarded.
Credits: JonathanTan
Convenient and Hassle-Free- Consumer Protection
Transparent Process
With No Obligation
Get the Best Price for your used car
from 500+ dealers in 24 hours
