SINGAPORE: Certificate of Entitlement (COE) premiums for larger cars fell on Friday (Feb 20) in the first bidding exercise since the reduction of rebates for scrapping cars before 10 years.
Premiums for larger and more powerful cars in Category B fell 5.3 per cent to S$105,001 (US$82,705) from S$110,890.
For smaller cars in Category A, premiums closed at S$106,501, up slightly from S$106,320 in the last exercise.
The last time Category B prices fell below that for smaller cars was in July 2018.
Open category COEs, which are used mainly for large cars, fell 2.7 per cent on Friday from S$116,000 to S$112,890.
