COE analysis December 1st round

The first round of December COE bidding sees a dropped in the premium. However, the drop is quite little indicating a stable demand. Cat A now $12,200 which down $489. Cat B slides $120 to 14,389. According to insiders, the release of news on the rise of GST has not much impact yet. Now the show room is quite empty. This is explained as Singaporeans are now going overseas due to school holidays. They only expect the crowds to return in next month where Chinese New Year is nearer.