Cat A COE premium overtakes Cat B as LTA urges prudent bidding ahead of car exhibition

Cat A COE premium rose $2,003 to $132,004 on 21 Oct, edging $103 above Cat B, as LTA urged buyers to bid prudently ahead of a car show. (Photo: AFP via Getty Images) SINGAPORE — Category A Certificate of Entitlement (COE) premium for smaller cars rose $2,003 to $132,004 in the bidding exercise that closed on Wednesday (21 Oct), edging above Category B for larger cars, according to results from the Land Transport Authority (LTA). Premiums rose in three of the five categories, while motorcycle and Open category premiums fell.

"We note that there is an upcoming car exhibition which may lead to elevated demand and COE prices during this period," the LTA said in a statement, adding that COE prices remain elevated across most categories. "We urge car buyers and dealers to be prudent in bidding for COEs," the authority said.