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yeah ... uncertainty is a big killer

mar 1st bidding already tumble ... next 2-3 biddings will be critical to set the floor price

 

however, based on the pent up demand (just look at postings in all car forum), everyone is waiting at the sideline to whack ... coe probably jump back to $70K in no time

down fast furious ... up also fast furious

 

anyone in the right mind would hold and wait

Edited by Wt_know
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yeah ... uncertainty is a big killer

mar 1st bidding already tumble ... next 2-3 biddings will be critical to set the floor price

 

however, based on the pent up demand (just look at postings in all car forum), everyone is waiting at the sideline to whack ... coe probably jump back to $70K in no time

down fast furious ... up also fast furious

 

I will bet against that, mate.

Only those who have a paid up car now, can swop it for a new car with top up +loan.

COE is destined to drop below $40k for CatA.

Pent up demand will be shortlived.

 

As some mentioned, here's where you see who is naked when the tide falls.

 

 

 

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yeah ... uncertainty is a big killer

mar 1st bidding already tumble ... next 2-3 biddings will be critical to set the floor price

 

however, based on the pent up demand (just look at postings in all car forum), everyone is waiting at the sideline to whack ... coe probably jump back to $70K in no time

down fast furious ... up also fast furious

 

no everyone has the ability to fork out cash for the 40% DP

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when coe was $90k, b&b car smelly smelly $150K

if coe hover around $30K, based on simple math the car price should drop by $60K to $90K

40% x $90K = $36K downpayment. perhaps not all able to down $36K but based on limited coe quota, the coe probably snapped up in no time

 

OMV $20K + ARF $20K + 20% tax $4K + GST 7% $1.4K + COE $30K + Misc $1K + AD profit $10K = $86.4K+- .... for b&b car

 

the above calculation is pretty much fix liao except coe and dealer profit margin.

arf + duty tax + gst + coe goes to govt ... that's about $55K+ ... huat ah !!!

 

no everyone has the ability to fork out cash for the 40% DP

Edited by Wt_know
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ok, let's see who is naked [laugh]

 

I will bet against that, mate.

Only those who have a paid up car now, can swop it for a new car with top up +loan.

COE is destined to drop below $40k for CatA.

Pent up demand will be shortlived.

 

As some mentioned, here's where you see who is naked when the tide falls.

 

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yes, one last short just like La Fiesta condo showroom opened until 23.59 for potential buyer to sign on the dotted line before CM takes effect

 

actually wat is the reason that Cat A coe is still so high ??? - clearing backorders ??

 

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