COE falls across the board for FEB 2020 1st Bidding



COE drops for most categories


CAT A (Car up to 1600CC)
$30,010
$5000
CAT B (Car Above 1600CC)
$30,890
$6815
CAT C (Goods Vehicle & Bus)
$25,013
$12
CAT D ( Motorcycle
$4,401
209
CAT E ( Open-All Except Motorcycle)
$34,900
2,600

FE1sd



This could be linked to Coronavirus in Singapore. With the fear of the spread of the virus, it is keeping everyone indoors. With the supply of COE quota actually dropping from Feb to Apr 2020, this implied that demand has fallen at a faster pace. The highest fall is in the CAT B category with a fall of $6815. CAT A follows close with a fall of  $5000.


Time to get the dream car or wait?

Source :LTA


No comments:

Post a comment