Hyperdrive
Singapore Auto Premiums Take Record Plunge After Quota Increase
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Singapore’s right-to-own auto premiums for larger cars fell to S$125,011 ($92,239) in November’s first round of bidding, rewarding government attempts to tamp down prices through temporary quota increases.
Certificate of entitlement bidding for larger autos saw their largest decrease on record, with category B bidding falling S$40,000 from the last auction in October, and open category prices falling $32,993.