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The second COE bidding round for December sees premiums slipping across all categories!
A $40,000 dip may sound like a lot. Still, this isn't the largest absolute fall in premiums (nor the most drastic overall nosedive) we've seen in 30 years.
The first Certificate of Entitlement bidding round for November sees premiums tumbling across the board, following multiple quota injections from the LTA.
In the first Certificate of Entitlement bidding round for January, premiums slip across the board, with Cat A dropping by a total of $8,007.
In the first Certificate of Entitlement bidding round for December, premiums slipped across all categories.
In the first Certificate of Entitlement bidding round for August, COE premiums fell across all private car categories.
In the second Certificate of Entitlement bidding round for July, COE premiums rose across all car categories.
In the second Certificate of Entitlement bidding round for December, Cat B and Cat E premiums rose while Cat A premiums fell.
With COE supply projected to fall, we can expect COE premiums to continue to climb, as year-end sales and promotions are likely to drive new car demand.
In the second round of bidding in September, COE prices for Cat A and B continue on a downward trend, with a slight increase for Cat E.
For the first round of bidding in April, COE premiums for Cat A drop to $37,000 while Cat B and E hover around the same level.
For the first round of bidding in December, COE premiums see a drop across all categories, with Cat A prices decreasing by 9.5 percent.
Following a record-low drop in Cat A COE premiums last tender, foot traffic at car showrooms has increased by 30 to more than 100 percent over the weekend.
For the second round of bidding in June, COE premiums fall across the board, with Cat A prices falling to their lowest since February 2016.
For the first round of bidding in June, COE premiums see a further drop for Cat A, B and E, following a 12-month low for Cat A prices.
COE prices for the second round of bidding in January see a continued increase for Cat A while Cat B and E premiums drop slightly.
From February to April, there will be 7,366 certificates - or 21.1 percent more - available for cars. Expect car prices to fall by then.
Cheapest COEs in five years drew shoppers to car showrooms over the weekend, but premiums are expected to rebound with rising demand.
COE prices for the first round of bidding in January, the first in the new year, fell across the board, with Cat A prices falling significantly.