The Certificate of Entitlement (COE) bidding for the second round in April 2023 has just concluded, and the results are out. This bidding has been eagerly anticipated by many car buyers and dealers, as it is a key determinant of the price of cars in Singapore. Here's what you need to know about the COE result for the second bidding in April 2023.
The price for Category A, which includes cars with an engine capacity of 1,600cc and below, has significantly increased $7,220, while Category B, which includes cars with an engine capacity above 1,600cc, saw a price increase of $2,388.
Category E, which includes motorcycles, also saw a significant increase of $5,511 compared to the last result. Meanwhile Category C, which includes goods vehicles & buses, keeps decreasing from last price of $76,801 to $75,334.
It's important to keep in mind that COE prices can fluctuate over time, and are influenced by a number of factors such as demand and supply, economic conditions, and government policies.
In conclusion, the COE result for the second bidding in April 2023 has implications for both car buyers and sellers in Singapore. While COE prices can be unpredictable, staying informed and making strategic decisions can help you find the best deals.
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