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COE premiums mostly higher with Open category ending at S$99,999
Motor traders expect the quota for the May to July period to be even smaller, making it crucial that they secure the bids now to fulfil orders rather than hope for lower premiums.
In addition, the new power criterion for electric vehicles, which comes into effect from the first bidding in May, is expected to add more pressure on prices in the smaller car category as some EVs are expected to be moved into this traditionally more affordable class with the change.
