COE premiums close lower across all categories

CNA11-06

SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across all categories in the latest bidding exercise on Wednesday (Nov 6). This is the second consecutive exercise in which premiums ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481675596?lang=en_US&edition=fundamental","thumbnail":"https://onecms-res.cloudinary.com/image/upload/s--eUSedGxf--/c_fill,g_auto,h_468,w_830/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:mediacorp,w_0.1/f_auto,q_auto/v1/mediacorp/cna/image/2023/04/29/screenshot_2023-04-29_131831.jpg?itok=wyVl9uz8","is_english":true,"pubTime":"2024-11-06 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481675596","market":"sg","top_or_hot":-1,"title":"COE premiums close lower across all categories","media":"CNA","content":"<div>\n<p>SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across all categories in the latest bidding exercise on Wednesday (Nov 6).\nThis is the second consecutive exercise in which premiums ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/coe-premiums-close-lower-across-all-categories-latest-bidding-exercise-lta-4730006\">Source Link</a>\n\n</div>\n","source":"can_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>COE premiums close lower across all categories</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCOE premiums close lower across all categories\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/singapore/coe-premiums-close-lower-across-all-categories-latest-bidding-exercise-lta-4730006><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across all categories in the latest bidding exercise on Wednesday (Nov 6).\nThis is the second consecutive exercise in which premiums ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/coe-premiums-close-lower-across-all-categories-latest-bidding-exercise-lta-4730006\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COE","symbol_name":"51TALK","start_time":0,"source_url":"https://www.channelnewsasia.com/singapore/coe-premiums-close-lower-across-all-categories-latest-bidding-exercise-lta-4730006","article_id":"2481675596","we_media_id":null,"thumbnails":["https://onecms-res.cloudinary.com/image/upload/s--eUSedGxf--/c_fill,g_auto,h_468,w_830/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:mediacorp,w_0.1/f_auto,q_auto/v1/mediacorp/cna/image/2023/04/29/screenshot_2023-04-29_131831.jpg?itok=wyVl9uz8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481675596","pubTimestamp":1730887259,"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"The Nov 6 bidding exercise is the first since the government announced that it would be adding 20,000 COEs over the next few years.","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COE":"51TALK","BK4204":"教育服务"},"translate_title":"所有类别的COE保费均收低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COE":1},"content_text":"SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across all categories in the latest bidding exercise on Wednesday (Nov 6).\nThis is the second consecutive exercise in which premiums have dipped for all categories. \nFor Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$99,889 (US$75,110), down from S$102,900 in the last exercise.\nPremiums for larger and more powerful cars in Category B had the largest decrease, falling to S$108,001 from S$113,890.\nCOEs for commercial vehicles, which include goods vehicles and buses, fell to S$68,340 from S$72,939 in the previous bidding exercise.\nMotorcycle premiums closed at S$9,089, down from S$9,589 in the last exercise.\nOpen category COEs, which can be used for any vehicle type but usually being used mainly for large cars, fell to S$109,000 from S$114,700.\nA total of 3,661 bids were received, with a quota of 2,681 COEs available.\n\n\n\n\n\n\n\n\n\n\n\nThis was the first bidding exercise since the government announced in October that it would be progressively injecting up to 20,000 additional COEs across all vehicle categories from February 2025 over the next few years.\nDealers CNA spoke to had predicted a hit to car sales in the short term with customers holding off on purchases in the hopes of a fall in COE prices.\nThe Land Transport Authority (LTA) explained that the extra COEs were possible because of the upcoming implementation of the ERP 2.0 system, which LTA said would help manage traffic congestion better.\nAnother reason cited by LTA was the changing travel patterns post-pandemic. An increase in flexible work arrangements had resulted in a fall in total vehicle mileage for private vehicles over the last five years, said LTA.\nThe last time such a move was made was between 1997 and 2003, when an additional 10,500 COEs were introduced, following the introduction of the present ERP system vehicle mileage for private vehicles over the last five years.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481675596"}