| Singapore’s first quarter GDP 2013 posted a growth of 0.2% as compared to Q1 of 2012, and 1.8% as compared to the previous quarter Q4 2012, helped by the unexpected surged in stock market trading and other financial services. Singapore STI current stands at about 3393 points which is one of the highest in recent past 5 years and breaking previous limits of about 3200 points. The highest limit STI went up to was about ~3800 points in Oct 2007 before the financial crisis.
The surprise growth as compared to the same quarter in 2012 also saw car COE prices rebounding upwards. Except for Cat C (Goods Vehicle and Buses) which post a drop of $162, all other categories have posted an increase in COE premium ranging from $1840 to $5604. This is equivalent to a rise of about 2.8% to 8.3%. Cat B (Car above 1600 cc) saw the sharpest rise in premium of $5604/8.3%.
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