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284 replies to this topic | 700 praises

#1

Posted 04 August 2017 - 01:15 PM

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[sunny] 100% community service, as this thread shall NOT be qualified for Hot Threads of The Month. [sunny]
 
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o67EuSP.jpg
 

The details of the August 2017 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 7 August 2017, 12 noon

Tender closes: Thursday, 10 August 2017, 4.00 pm

Tender results: Thursday, 10 August 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,678 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,817

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,286

Category D: Motorcycles => 574

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 454

Category E: Open Category => 547

 


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Behaviour shapes attitudes, and over a period of time, solidifies into beliefs.

#2

Posted 04 August 2017 - 02:04 PM

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Hmm, no prediction from you this time round  [smash]



#3

Posted 04 August 2017 - 05:00 PM

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let me check out the show. rooms over this weekend  [rolleyes]

 

I think going to be almost the same. 



#4

Posted 04 August 2017 - 05:08 PM

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it will be going down again since private hire losing steam.

#5

Posted 04 August 2017 - 05:56 PM

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Camping here [laugh]



#6

Posted 04 August 2017 - 06:36 PM

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it will be going down again since private hire losing steam.

Uncle Dafansu, got go down meh ?

#7

Posted 04 August 2017 - 06:46 PM

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Uncle Dafansu, got go down meh ?


Down and down

Prevailing Quota Premium (3 months average)

Cat A
Jan 2014: 76109
Jun 2014: 71672
Jan 2015: 65607
Jun 2015: 66107
Jan 2016: 56633
Nov 2016: 51641
Dec 2016: 51271
Jan 2017: 50645
Feb 2017: 50394
Mar 2017: 49429
Apr 2017: 50230
May 2017: 50665
Jun 2017: 50625
Jul 2017: 48200
Aug 2017: 45400

Cat B
Jan 2014: 82333
Jun 2014: 76872
Jan 2015: 72726
Jun 2015: 74629
Jan 2016: 58615
Nov 2016: 56053
Dec 2016: 55187
Jan 2017: 52660
Feb 2017: 52077
Mar 2017: 50347
Apr 2017: 52008
May 2017: 52491
Jun 2017: 54088
July 2017: 52473
Aug 2017: 50972
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#8

Posted 04 August 2017 - 10:15 PM

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probably see a slight increase across the board

#9

Posted 04 August 2017 - 10:29 PM

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It is dropping for cat b.

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#10

Posted 04 August 2017 - 10:54 PM

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Uber 1100 Vezel take off from the road ... private hire now might shortage of vehicles and will drive up the COE again !

#11

Posted 05 August 2017 - 12:13 AM

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Coe quota reduced

2018 jan new cevs regulation


u think the coe premium will drop, lol
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#12

Posted 05 August 2017 - 01:15 AM

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#13

Posted 05 August 2017 - 07:17 AM

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Coe quota reduced

2018 jan new cevs regulation


u think the coe premium will drop, lol

 

It will move up and down inbetween, but generally will be on a downtrend at least till year end. The key reason for the slow drop is due to the private hire aggressive bidding for the past years. If they don't step in too much, should see a slow filter downwards. Quite a number of cars are already euro 6 compliant, don't see much price increase from this group of car. The main factor to me is still the private hire sector which can change the COE pricing drastically. 


Edited by Dafansu, 05 August 2017 - 07:34 AM.

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#14

Posted 05 August 2017 - 07:44 AM

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It will move up and down inbetween, but generally will be on a downtrend at least till year end. The key reason for the slow drop is due to the private hire aggressive bidding for the past years. If they don't step in too much, should see a slow filter downwards. Quite a number of cars are already euro 6 compliant, don't see much price increase from this group of car. The main factor to me is still the private hire sector which can change the COE pricing drastically.


You're probably right. But I also wonder if there may be a number of car owners out there with about 2-3 years left on their rides, coming into the market, cos COE numbers are likely to take a very sharp drop if they wait out the full ten years of their current Coe.

#15

Posted 05 August 2017 - 07:57 AM

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You're probably right. But I also wonder if there may be a number of car owners out there with about 2-3 years left on their rides, coming into the market, cos COE numbers are likely to take a very sharp drop if they wait out the full ten years of their current Coe.

 

Whether COE supply will drop or not depends on this same group of drivers since the re-supply into the system will take into consideration if they are scrapping or renewing. The main supply will come from the growth which is currently at 0.25% from 2015 to next year Jan 2018. We might even see a lower percentage from next year or 0% to move towards a car-lite society and this might push up pricing again when LTA announce the new growth at year end. Take into consideration the 30% / 40% down payment (which they don't pay previously when purchasing the car), and we see a small hindrance to the same group; one reason why people go for leasing to avoid such massive down-payment. Barring any major changes to policy again, there shouldn't be anything that will push up the COE pricing aggressively; at least till year end. Use the 3 mths average PQP and the answer is quite clear. There are various variables to consider, whether go up or down we can't predict accurately, but we can always use the data to judge if it's the right time to buy. 


Edited by Dafansu, 05 August 2017 - 08:05 AM.

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#16

Posted 05 August 2017 - 08:27 AM

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3 weeks interval from last bidding.
Generaly would see an increase in premium.
If did not materialise, market is indeed weak.

#17

Posted 05 August 2017 - 08:29 AM

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3 weeks interval from last bidding.
Generaly would see an increase in premium.
If did not materialise, market is indeed weak.

 

might go up a bit, but shouldn't be a lot, if still down, good luck  [:p]



#18

Posted 05 August 2017 - 08:55 AM

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COE is a stable and significant tax revenue therefore it is nobody's interest to really diminish this artery function. A sustainable economy ensures all of us has a good future tomorrow and many years to come.


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#19

Posted 05 August 2017 - 09:01 AM

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It will move up and down inbetween, but generally will be on a downtrend at least till year end. The key reason for the slow drop is due to the private hire aggressive bidding for the past years. If they don't step in too much, should see a slow filter downwards. Quite a number of cars are already euro 6 compliant, don't see much price increase from this group of car. The main factor to me is still the private hire sector which can change the COE pricing drastically.

Ya possible. But there r still many models dont have euro 6 n this will cost a price increase of 5-25k for several popular models

I guess is the price will remain above 40k

#20

Posted 05 August 2017 - 03:48 PM

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Dont forget COE is valid for 6 monhs and previous months, there are some that missed the boat. But I hope it drops. 




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