In a welcome development for Singapore car buyers, Certificate of Entitlement (COE) premiums for Category B have dipped below S$110,000 after three consecutive rounds of decline. This marks the lowest level in six months for the category covering larger cars and electric vehicles.
Industry analysts attribute the softening to a combination of increased quota supply and cautious consumer sentiment amid economic uncertainty. The Land Transport Authority's latest quota injection has temporarily eased the structural supply-demand imbalance that has driven premiums to record levels.
However, experts caution that this window may not stay open long. With the next quota period expected to see reduced supply, premiums could rebound. For buyers on the fence, the next few bidding exercises may represent the best opportunity in months.
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