Cat A COE prices have fallen to $23,568 in December 2018

cat a coe drops to 23,768 in dec 2018 first round of bidding

Traffic along the Central Expressway, near the Jalan Bahagia exit.

Certificate of entitlement (COE) prices ended mostly lower in the latest tender on Wednesday (Dec 5) as demand remained lukewarm in the face of weak consumer sentiment.

Cat A COE premiums (for cars up to 1600cc and 130bhp) finished at the year’s low of $23,568, down from $25,000 two weeks ago.

COE premiums for cars above 1600cc or 130bhp closed at $31,001, slightly down from $31,101 previously.

Prices for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for cars, finished at $30,851 – also down slightly from $30,959 previously.

Is there a best time to buy a car in Singapore?

Commercial vehicle COE premiums ended at $27,009, down from $27,509.

Motorcycle COE prices bucked the trend to end at $3399, up from $2989 two weeks ago.

Motor dealers reckon demand will stay subdued, at least until the Singapore Motorshow in January, which usually whips up demand with a slew of new model launches.