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In the latest bidding exercise, COE premiums for Category B, which covers larger cars, surged to over SGD 115,000—an all-time high. The open category, representing the most competitive segment, also crossed historical benchmarks, surpassing the previous peak established in July. Motorcycle premiums have similarly reached unprecedented levels, marking a clear trend of escalating costs across all vehicle types.
Underlying Factors Behind the Price Surge
Market watchers attribute these sharp increases to a confluence of factors. Essentially, the upward momentum results from a combination of diminished supply and robust demand.