September 2016, 2nd Tender
| CAT A Cars up to 1600cc & 130bhp |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $50,000 |
 |
$1,506 |
|
$52,108 |
2,008 |
2,610 |
|
|
| |
| CAT B Cars above 1600cc or 130bhp |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $55,501 |
|
$1,501 |
|
$56,751 |
1,338 |
2,017 |
|
|
| |
| CAT C Goods Vehicle & Bus |
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $49,890 |
 |
$89 |
|
$48,963 |
177 |
237 |
|
|
| |
|
|
| Quota Premium |
Change |
Prevailing Quota Premium |
Quota |
Bids Received |
|
| $55,201 |
|
$1,688 |
|
– |
429 |
592 |
|
|
COEs dipped close to 3% in September
Certificates of entitlement (COE) dipped in the recent second tender in September. CAT A (1,600CC & below) dipped by 2.9% to end at four-month low of $50,000, and CAT B (1,600CC & above) dipped to end at four-month low of $55,501. The largest percentage of fall is CAT E (open) at 3% to end at three-month low of $55,201.
One of the reasons might be due to private-hire such as Uber scaling back their operations and also the recent announcement by the government to look into “loophole” where car owners are registering themselves as private-hire for a loan with lesser restrictions.
Singapore economy seems to be getting weaker but we are very sure that there are still many buyers out there eyeing for bargains.
