COE premium for small cars slipped 4.9% to S$61,029

Even that for big cars dipped.

According to the Land Transport Authority (LTA), they received 3,265 bids at the end of the April first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,509 were successful.

Category A (for cars below 1,600cc) declined 4.9% to S$61,029, while premium for cars above 1,600cc tumbled S$6,890 to S$67,010.

OE results for previous bidding exercises can be found on the “Facts and Figures” section of the One.Motoring website (https://www.onemotoring.com.sg). The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the April second open bidding exercise.

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this tender exercise upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 14 October 2013. The transferable TCOEs will be valid till 14 July 2013. TCOEs issued to companies are not transferable.