Kezg1 5th Gear April 16, 2015 Share April 16, 2015 ....3 months..$96 mils...from pcs of paper... Big jump in COE supply from May to July as more vehicles deregistered SINGAPORE (April 16): The monthly supply of certificates of entitlement (COEs) from May to July will be increased to 6,637 from 4,705 in the three months to April - a 41% jump. A total of 19,912 COEs will be made available for the three months to July. Most of the new COEs - 2,853 - are for cars of up to 1,600cc engine capacity. The overall increase in supply is largely a result of more vehicles being deregistered, according to the Land Transport Authority (LTA). The number of vehicles reaching the 10th year of their COE life is expected to increase in the next two years, LTA said in a statement today. There were a total of 915,524 vehicles in Singapore as at Dec 31 last year. In a bid to encourage greater use of public transport, the government has kept the annual vehicle population growth rate at 0.25%. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Aaronlkl Supersonic April 16, 2015 Share April 16, 2015 GE coming... All the impossibles may be possible. 15 Link to post Share on other sites More sharing options...
I_RIDE_DEEP 2nd Gear April 16, 2015 Share April 16, 2015 GE coming... All the impossibles may be possible. This time if COE drop must get ready to buy one van and one motorbike oso 2 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic April 16, 2015 Share April 16, 2015 wake me up when it's 1000% increase 1 Link to post Share on other sites More sharing options...
Benarsenal Turbocharged April 16, 2015 Share April 16, 2015 wake me up when it's 1000% increase Not just increase. Price must drop also. 2 Link to post Share on other sites More sharing options...
Vega Turbocharged April 16, 2015 Share April 16, 2015 and don't forget those who dereg will also need to get a replacement. LPPL IMO. 3 Link to post Share on other sites More sharing options...
Kv3n 2nd Gear April 16, 2015 Share April 16, 2015 Probably end up panic buying and prices won't change much. 1 Link to post Share on other sites More sharing options...
Csxcsxcsx Neutral Newbie April 16, 2015 Share April 16, 2015 (edited) and also not forget that now is already ~40% increase from jan period. COE no change Edited April 16, 2015 by Csxcsxcsx 1 Link to post Share on other sites More sharing options...
Simpleonly 5th Gear April 16, 2015 Share April 16, 2015 Sorry , y need to create another topic uh?? Follow from yoyo2000 will do mAh...:-) Cheers 2 Link to post Share on other sites More sharing options...
Vinceng Turbocharged April 16, 2015 Share April 16, 2015 (edited) End of the day, COE prices will still remain around $60K. Why? - Population increase. Many first time car buyers - Sporeans, PRs, foreigners. - Many are waiting at the sidelines to replace their soon to be scrapped cars - Car distributors control the COE price. Try bidding for your own COE, and walk in to the showroom to buy just the car only, it will cost more. Edited April 16, 2015 by Vinceng 3 Link to post Share on other sites More sharing options...
AndrewLee72 6th Gear April 16, 2015 Share April 16, 2015 Problem with own self bid is - lets say customer managed to secure COE at say 35K - lets say lah... The owner must pay 35K in Full isnt it... to get the Paper then go to showroom buy Car How many customers can do that leh... Link to post Share on other sites More sharing options...
Limwsv 5th Gear April 16, 2015 Share April 16, 2015 End of the day, COE prices will still remain around $60K. Why? - Population increase. Many first time car buyers - Sporeans, PRs, foreigners. - Many are waiting at the sidelines to replace their soon to be scrapped cars - Car distributors control the COE price. Try bidding for your own COE, and walk in to the showroom to buy just the car only, it will cost more. The same bugbear again... let me banish it with data. http://postimg.org/image/4ui8i0x41/ We are probably looking at no more than 7000 new entrants in the 25 - 29 age cohort with income above 5.5K monthly after taking out the retiring cohort of 60 - 64. Of course, I am assuming everyone with 5.5K income will buy a car, and everyone with 5.5k income at retirement time will choose not to buy a car again. Link to post Share on other sites More sharing options...
Kangadrool Supersonic April 16, 2015 Share April 16, 2015 as many as there are on the tight rope, there are many who can pay full cash for car. However, most chose not to for various obvious reasons. In addition, self-bidding is being discriminated by dealers. The car price may not be much difference if they are willing to sell you in the first place. Problem with own self bid is - lets say customer managed to secure COE at say 35K - lets say lah... The owner must pay 35K in Full isnt it... to get the Paper then go to showroom buy Car How many customers can do that leh... Link to post Share on other sites More sharing options...
Limwsv 5th Gear April 16, 2015 Share April 16, 2015 (edited) Actually another funny thing can be read from the chart from MoM. If you sum up all the people with monthly income greater than 5K for all age group, including those in pass retirement, the total is only 550 600 persons. Read that number any way you like Edited April 16, 2015 by Limwsv Link to post Share on other sites More sharing options...
Vinceng Turbocharged April 16, 2015 Share April 16, 2015 Problem with own self bid is - lets say customer managed to secure COE at say 35K - lets say lah... The owner must pay 35K in Full isnt it... to get the Paper then go to showroom buy Car How many customers can do that leh... Isn't that an effective to control COE price if COE has to be paid in cash? Link to post Share on other sites More sharing options...
Bc75 1st Gear April 16, 2015 Share April 16, 2015 and also not forget that now is already ~40% increase from jan period. COE no change40% increase from Jan period is not the same as 40% increase from current period. The absolute number will be more this time. And the quota is expected to increase even more all the way to 2019! 2 Link to post Share on other sites More sharing options...
Lotr 6th Gear April 16, 2015 Share April 16, 2015 To me, the real unknown is when much is the demand for the same period. A lot of people will be deregistering their cars very very soon, so the there should be just as much demand as the increase in supply. I have a feeling that many would be buyers will be quite disappointed with the actual COE price that turns out. Link to post Share on other sites More sharing options...
Aukang 6th Gear April 16, 2015 Share April 16, 2015 Problem with own self bid is - lets say customer managed to secure COE at say 35K - lets say lah... The owner must pay 35K in Full isnt it... to get the Paper then go to showroom buy Car How many customers can do that leh... It's the same...right now, to book a new car, you need to fork out half the costs in cash....say 100K car, you will need 50K cash..unless you have a car to trade in...and even then, the cash component amount can still be substantial ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
2021 3rd Generation Nissan Note (E13)
2021 3rd Generation Nissan Note (E13)
Nissan Claims Toyota RAV4 Hybrid Fuel Economy Estimates Are Unrealistic
Nissan Claims Toyota RAV4 Hybrid Fuel Economy Estimates Are Unrealistic
2022 3rd Generation Toyota Sienta
2022 3rd Generation Toyota Sienta
2023 6th Generation Nissan Serena (C28)
2023 6th Generation Nissan Serena (C28)
Nissan QashQai 2014 Part 2
Nissan QashQai 2014 Part 2
The all new Lexus UX
The all new Lexus UX
sgCarMart Reviews: Audi A6 Sedan Mild Hybrid 2.0 TFSI S tronic Design
sgCarMart Reviews: Audi A6 Sedan Mild Hybrid 2.0 TFSI S tronic Design
Nissan Teana Experience
Nissan Teana Experience