COE Bidding – 1st Round of October 2017

[Carbon82]

It is kinda disheartening to see the COE thread becoming 'battlefield" for some insensible individuals recently. There is never right or wrong with taking loan or paying full cash for car purchase, let alone the preference for new or used car, as every buyer has their own considerations and priorities.

 

MCF is a free for all public forum, and no one is entitled to enforce his/her belief on others, just because it work well for them (for real or not is a separate matter as only god know). Do bear this in mind, One man's meat is another man's poison. Just like medications, what works for you might not work on others.

 

Last, I am calling out to all participants in this thread. You CAN help to put a STOP to all these uncalled-for comments and name-calling (aka season greetings targeting at your parents), simply by ignoring them. I do hope this is the last time I have to write such lengthy "introduction message" every fortnightly...

 

 

 

 

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

 

Tender opens: Monday, 2 October 2017, 12 noon

Tender closes: Wednesday, 4 October 2017, 4.00 pm

Tender results: Wednesday, 4 October 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,631 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,829

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,285

Category D: Motorcycles => 485

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 492

Category E: Open Category => 540

[Blueray]

Cat A  : - $500

 

Cat B  : - $500

[Enye]

:a-popcorn: 

[RH1667]

 

new episode , hopefully not a repeat and repeat one. 

[Jwee85]

So what can I comment here?

 

Cat.A = $38,888

Cat.B = $36,000

 

I think the demand is actually quite weak for big cars.

[Doppel]

My predictions:

 

Cat A: down $2K

Cat B: down $1K

[Dafansu]

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

Sep 2017: 44081

Oct 2017: 42564

 

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

Sep 2017: 50355

Oct 2017: 50451

[BenTong]

    or will it be    

[Philipkee]

Both cat a and b to be above 42k. Doubt it will drop seeing the demand last round cos dealers have to close the deal before end of year and there are always new buyers coming in.

 

Some more the festive season is coming. Those who really want a new car for CNY will probably be placing orders now rather than wait for end of year or early next year and end up no car available.

[Elepoo]

Heard from SE that many ADs don't have New cars available for delivery, as a result, they will not be aggressively bidding this time round.

[Friendstar]

I only interested in CAt A.

 

42k

[Philipkee]

Heard from SE that many ADs don't have New cars available for delivery, as a result, they will not be aggressively bidding this time round.

Don't think it will happen. If really there are insufficient numbers of new cars available, yes the coe will drop but this would mean a sharper rise when the cars are available because the backlog of orders need to be fulfilled and there are always new orders coming in.

 

Unless the orders are not coming in then it's a different story.

[Evillusion]

Cat A : - $500

 

Cat B : - $500

wah....you mean coe going negative.....so gov giving back $500 to those that gets a coe this time round?

[Doppel]

Don't think it will happen. If really there are insufficient numbers of new cars available, yes the coe will drop but this would mean a sharper rise when the cars are available because the backlog of orders need to be fulfilled and there are always new orders coming in.

 

Unless the orders are not coming in then it's a different story.

The new VES will kick in on 1st January 2018, hence some ADs who do not have on-hand inventory for registration within 2017 are removing the current CEVS rebate, and therefore higher prices.

 

However, I don't know how "big" is this category affected by the CEVS/VES transition.

[JQ01]

Finally here!

 

Cat A: 42K

Cat B: 49K

 

No change!

[Pocy]

wah....you mean coe going negative.....so gov giving back $500 to those that gets a coe this time round?ððð....joking....joking...

Siao ah peh got follows you here or not........ better look behind hor

[Pocy]

Paging @Fruit-tart ........ Oct bidding got chance leh!!

[Evillusion]

Siao ah peh got follows you here or not........ better look behind hor