Monthly Sharing on Dereg Data & Projected COE Quota

[Sdf4786k]

I believe Govt want Car lite policy toward those who drives to the city where there is MRT every 400m to 800m. Of course MRT must also be reliable too.

 

However . many bought cars mainly to save time to commute to work. Especially those who works in Tuas , Aviation industries in loyang and seletar and the worst is jurong island and plus ulu ulu like jalan buroh, penjuru , woodland indiustrial area, senoko sembawang etc. Did our govt build MRT over there? 

 

With govt goin to build new north south expressway plus the cost building MCE , sentosa gateway, i dont see a reason why govt need to cut the car population for the next 10 years!!!!

 

Somemore can milk more money from singaporean due to the craving of car even with high COE. Why stop?

 

u have just provided a reason why the govt may need to cut back. There is not many billions of dollars to go around building MCE. Money can best be used on some other stuff.

[Dafansu]

oic.

 

so come Q3 or early Q4 will again have speculations and rumours re the new car population growth rate. 

 

likely will be zero growth since the incoming supply from renewal still a lot for next year

[Akula]

Feb 2017 scrap numbers quite low.

Unless a significant jump in the March, the following quarter COE avail will be lower.

[Aaronlkl]

http://www.businesstimes.com.sg/government-economy/singapore-budget-2017/s92b-to-come-from-car-taxes-and-coe-premiums-in-fy2017?xtor=CS1-57&utm_source=Facebook&utm_medium=display&utm_campaign=facebookpromotedarticle

 

 

S$9.2b to come from car taxes and COE premiums in FY2017

 

WITH more certificates of entitlement (COEs) available, the government expects to collect an additional S$76 million in car taxes and COE premiums over 12 months from April.

 

In the Budget for FY2017, it is estimated that a total of S$9.247 billion in motor vehicle taxes and vehicle quota premiums will be forthcoming - up 0.8 per cent from S$9.171 billion in FY2016, which closes at the end of next month.

 

Taxes and COE will account for 13.31 per cent of FY2017's estimated total operating revenue of S$69.45 billion; taxes and COE accounted for 13.36 per cent of FY2016's total operating revenue of S$68.667 billion.

 

For FY2017, motor vehicle taxes are estimated to amount to S$2.729 billion, up 18.2 per cent from the previous financial year's S$2.308 billion, thanks to steadily expanding COE quotas.

 

This comes about as more cars approach their 10th year, which is when their COEs expire; this leads to increased vehicle deregistrations, from which new COEs are recycled.

 

As the biggest dollar increase in funding source, motor vehicle taxes will boost FY2017's operating revenue by 1.1 per cent, together with higher contributions from customs and excise taxes and GST, for example.

 

Custom and excise taxes, which are also incurred when registering a vehicle, are estimated to jump 13.9 per cent to S$3.134 billion in FY2017.

 

But the government does not see revenue from COE premiums going up. Vehicle quota premiums of S$6.518 billion look set to fall 5 per cent from S$6.863 billion.

 

The government says the decrease is partly due to higher collections from increased COE quotas being offset by lower collections from fewer renewals expected.

 

Last year, a record 44,303 COEs were revalidated; this was a 70.1 per cent spike from 2015's 26,052, said the Land Transport Authority. The jump in renewals came from car owners who extended their COEs beyond 10 years instead of scrapping their vehicles.

 

In calendar year 2016, a bumper crop of 89,913 car COEs became available, up nearly 48 per cent from 60,888 COEs in 2015.

This year, some motor distributors say the number could be about the same, even without the contribution from the motorcycle COE quota to the open category COE quota.

 

HUAT AH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Angcheek]

http://www.businesstimes.com.sg/government-economy/singapore-budget-2017/s92b-to-come-from-car-taxes-and-coe-premiums-in-fy2017?xtor=CS1-57&utm_source=Facebook&utm_medium=display&utm_campaign=facebookpromotedarticle

 

 

S$9.2b to come from car taxes and COE premiums in FY2017

 

 

HUAT AH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

CPI going up up up ........ so GDP high high ...... elite doing a good job . 

 

[Aaronlkl]

CPI going up up up ........ so GDP high high ...... elite doing a good job . 

 

 

Ya la.. Skolahs are just doing their job.

 

Otherwise how to maintain the MOST EXPENSIVE CITY to live in the world title for decades to come?

 

Jin saki u know!

[Pocy]

Ya la.. Skolahs are just doing their job.

 

Otherwise how to maintain the MOST EXPENSIVE CITY to live in the world title for decades to come?

 

Jin saki u know!

I like the number 1st title ............. NB, I also contributed to it

[Aaronlkl]

I like the number 1st title ............. NB, I also contributed to it

[Coltplussport]

Feb 2017 scrap numbers quite low.

Unless a significant jump in the March, the following quarter COE avail will be lower.

 

 

Yeah, especially when you look at the COE issued during Jan 2007 to Mar 2007. These 3 months is the last of the super bumber crops of COE. Just cat A alone the quota per bidding is 2600+.

 

From April 2007 onwards, the cat A per bidding drop to 2100+ level. So actually the best time to buy is actually between now till maybe june or july???

 

I guess LTA purposely push back bidding by a couple weeks to give dealers more time to collect bookings so that COE won't fluctuate too much by dipping and then chiong.

Edited March 21, 2017 by Coltplussport

[solarfans]

no quota info released for the coming 3 months?

[Blueray]

no quota info released for the coming 3 months?

 

not yet, its usually on the 12th. sometimes a few days late too.

[Akula]

First 2 months data, looking at a drop in number of COE avail.

 

Normally LTA will announce after the first bidding

[Mkl22]

Yeah, especially when you look at the COE issued during Jan 2007 to Mar 2007. These 3 months is the last of the super bumber crops of COE. Just cat A alone the quota per bidding is 2600+.

 

From April 2007 onwards, the cat A per bidding drop to 2100+ level. So actually the best time to buy is actually between now till maybe june or july???

 

I guess LTA purposely push back bidding by a couple weeks to give dealers more time to collect bookings so that COE won't fluctuate too much by dipping and then chiong.

Partially correct. Don't forget that the quota is dependent on how many actually dereg. Given the higher number of coe renewals now this figure could change.

[Ahgong]

given that most of the quota goes to cat C, (6 folds to be exact), does that mean there is gonna be more new buses?

[Enye]

buying lorry now

 

@mustank say one

 

 

[SuPerBoRed]

buying lorry now

 

@mustank say one

 

 

[Mustank]

buying lorry now

 

@mustank say one

 

ð

Simi kangtao

Simi lorry coe

What happen

given that most of the quota goes to cat C, (6 folds to be exact), does that mean there is gonna be more new buses?

Simi 6 times

Whoa!!!!! Now I ish can change lorry liao!!!!!!

[Blueray]

Simi kangtao

Simi lorry coe

What happen

Simi 6 times

Whoa!!!!! Now I ish can change lorry liao!!!!!!

 

 

 

As for Category C, which is for goods vehicles and buses, the number of monthly COEs will be 2,168, more than a six-fold increase from the previous quarter's 322.

 

http://www.channelnewsasia.com/news/singapore/number-of-coes-available-up-more-than-20-for-may-jul-period/3672410.html