08 May 2014

COE prices dive to 21-month low

On 7 May 2014, the latest Certificate of Entitlement (COE) took a dive across the board, with the price for Category A falling the most by more than $10,000. It went from $71,335 to $60,002 in the latest round of bidding, on the back of more COEs released for the next three months.

Category B premium also dipped from $75,010 to $70,000 while Open Category premium fell from $73,810 to $65,501. Motorcycle COE also tumbled from $4,502 to $4,001. The only category that bucked the trend was Category C, for goods vehicles and buses, which went up from $32,890 to $36,301.

With this biggest drop to 21 month low, the COE looks set to be on downward trend. I am a closely look out of this COE since last year. I will be going in to buy in July 2014, hopefully by that time the price of the COE will drop to $30,000 for Category A. :p

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