Following this round of bidding, Certificates of Entitlement (COE) have more or less stabilized in most categories with a general decrease in prices across the board.
Category A (Cars under 1,600cc) segment COEs closed $1,468 higher this round at $62,497.
Elsewhere across the board, prices rose with Category B (cars over 1,600cc) COEs decreasing by $5,010 to close at $62,000.
Prices in the Category E (Open Category) have also decreased by $4,989 to finish at $62,000.
The full results are as follows:
Category A (Cars below 1,600cc) : $62,497 (+2.4%)
Category B (Cars above1,600cc) : $62,000 (-7.5%)
Category C (Commercial Vehicles) : $58,502 (+3.5%)
Category D (Motorcycles) : $1,791 (-1.2%)
Category E (Open) : $62,000 (-7.4%)
A total of 841 Cat A, B and E certificates were award in this round's bidding exercise compared to 914 in the last round. A total of 1,564 COEs were awarded.