Carbon82 Moderator August 4, 2017 Share August 4, 2017 100% community service, as this thread shall NOT be qualified for Hot Threads of The Month. 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 ↡ Advertisement 22 Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear August 4, 2017 Share August 4, 2017 Hmm, no prediction from you this time round Link to post Share on other sites More sharing options...
Victor68 Turbocharged August 4, 2017 Share August 4, 2017 let me check out the show. rooms over this weekend I think going to be almost the same. Link to post Share on other sites More sharing options...
Dafansu Turbocharged August 4, 2017 Share August 4, 2017 it will be going down again since private hire losing steam. Link to post Share on other sites More sharing options...
Wolfverine Twincharged August 4, 2017 Share August 4, 2017 Camping here Link to post Share on other sites More sharing options...
Ct3833 Supersonic August 4, 2017 Share August 4, 2017 it will be going down again since private hire losing steam.Uncle Dafansu, got go down meh ? Link to post Share on other sites More sharing options...
Dafansu Turbocharged August 4, 2017 Share August 4, 2017 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 2 Link to post Share on other sites More sharing options...
wpy 4th Gear August 4, 2017 Share August 4, 2017 probably see a slight increase across the board Link to post Share on other sites More sharing options...
Tanhangkiang 3rd Gear August 4, 2017 Share August 4, 2017 It is dropping for cat b. 2 Link to post Share on other sites More sharing options...
Char 5th Gear August 4, 2017 Share August 4, 2017 Uber 1100 Vezel take off from the road ... private hire now might shortage of vehicles and will drive up the COE again ! Link to post Share on other sites More sharing options...
Kia7200 5th Gear August 4, 2017 Share August 4, 2017 Coe quota reduced 2018 jan new cevs regulation u think the coe premium will drop, lol 1 Link to post Share on other sites More sharing options...
Pocy Hypersonic August 4, 2017 Share August 4, 2017 Thanks @Carbon82 for 100% community service. 7 Link to post Share on other sites More sharing options...
Dafansu Turbocharged August 4, 2017 Share August 4, 2017 (edited) 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 August 4, 2017 by Dafansu 1 Link to post Share on other sites More sharing options...
wpy 4th Gear August 4, 2017 Share August 4, 2017 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. Link to post Share on other sites More sharing options...
Dafansu Turbocharged August 4, 2017 Share August 4, 2017 (edited) 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 August 5, 2017 by Dafansu 1 Link to post Share on other sites More sharing options...
Akula Turbocharged August 5, 2017 Share August 5, 2017 3 weeks interval from last bidding. Generaly would see an increase in premium. If did not materialise, market is indeed weak. Link to post Share on other sites More sharing options...
Dafansu Turbocharged August 5, 2017 Share August 5, 2017 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 Link to post Share on other sites More sharing options...
Tanhangkiang 3rd Gear August 5, 2017 Share August 5, 2017 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. ↡ Advertisement 2 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
COE Bidding - March 2024
COE Bidding - March 2024
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
Sell by bidding - BEST price from 500 car dealers in 1 day
Sell by bidding - BEST price from 500 car dealers in 1 day
2024 COE trend..
2024 COE trend..
Formula 1 (2017)
Formula 1 (2017)
Never Gonna Parliament - a COE/car market restructuring plan idea
Never Gonna Parliament - a COE/car market restructuring plan idea
COE Bidding - December 2023
COE Bidding - December 2023
2017 Opel Crossland X
2017 Opel Crossland X