In the second Certificate of Entitlement bidding exercise for June 2024, premiums bounced back in Categories A and B from the previous round, while Categories C and E saw prices dip instead.
Cat B COEs, which are used for ICE cars that exceed 1,600cc in capacity or have more than 130hp, and electric cars with over 110kW, saw a slightly lesser increase, and premiums went up by $1,727 to end at $102,334. . However, the drop in Cat E, which has been on a downward trend for the last three exercises, indicates that overall demand, and corresponding supply, in the market remains weak.
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