COE analysis March 2nd round

This time round COE continue to rise. Cat A up $902 to $13,504 and Cat B up $1,150 to $14,652. This is within expectation as last round still got many people did not get their bids. Many industry watchers feel that COE premium will rise to about $16,000 to $18,000 as due two lower COE quota in the coming months. My personal take is not easy to reach this level as now currently buyers are first timer. This explains the lower deregistration of old cars. First timers usually are youngsters and more careful. So a $3k-$4k increase will put people off. So I feel that the more reasonable level is $15k.