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#1

Posted 04 August 2018 - 09:50 AM

Carbon82

[sunny] Good Luck to all vested! [sunny]

 

Past Bidding Results (2001 - 2018)

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PQP (2013 - 2018)

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The details of the August 2018 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 6 August 2018, 12 noon

Tender closes: Wednesday, 8 August 2018, 4.00 pm

Tender results: Wednesday, 8 August 2018 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,697 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,672

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,265

Category D: Motorcycles => 845

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 379

Category E: Open Category => 536

 

During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks’ services or the LTA Open Bidding website (https://ocoe.lta.gov.sg).

 


Doppel, Cheesey74, StingerGT, BobbyTan_74287, Zxcvb, Apple-Tree, Newbie26, 1 other member and 1 Anonymous member praised this
<!-- isHtml:1 -->Behaviour shapes attitudes, and over a period of time, solidifies into beliefs.

#2

Posted 04 August 2018 - 09:52 AM

Pocy
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Waiting for durian 🤪
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#3

Posted 04 August 2018 - 11:04 AM

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Hope Cat B doesn't go up too much so that I can get mine!


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#4

Posted 04 August 2018 - 11:15 AM

Jammy_buttons
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Good luck to those who are vested. I wonder if cat a will increase

#5

Posted 04 August 2018 - 11:59 AM

DACH
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Thanks Carbon82 to start the ball rolling early.  :a-happy:


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Dream car: Lamborghini Murcielago 6.2

#6

Posted 04 August 2018 - 03:07 PM

Chongster
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volkswagen rebate for Cat B at 30k.  that's sincere.



#7

Posted 04 August 2018 - 06:21 PM

EvaEva
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With KMC giving discount of $5.3K after raising the price of the Elantra by 8K the week after the 25K COE, looks like demand is not strong and COE prices will be maintained at current level.



#8

Posted 04 August 2018 - 06:23 PM

silvialite
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Praying hard I’ll get my COE this round.

#9

Posted 04 August 2018 - 06:33 PM

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I still believe COE has more downside potential than upside. Many ppl are stuck with their used cars which they bought over the past few years. I have heard terrible trade in value for merely 3 yrs old cars. Unless one is willing to part their money like that, otherwise most will just have to hold on to their existing cars.

#10

Posted 04 August 2018 - 06:57 PM

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K3 launched. Coe will be supported.

#11

Posted 04 August 2018 - 09:26 PM

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The problem now is not COE Up or Down.  The bigger problem is that many car is still priced as if COE is 50K lor .....

 

It is such a terrible times to buy car lor ......

 

 

I still believe COE has more downside potential than upside. Many ppl are stuck with their used cars which they bought over the past few years. I have heard terrible trade in value for merely 3 yrs old cars. Unless one is willing to part their money like that, otherwise most will just have to hold on to their existing cars.

 


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#12

Posted 04 August 2018 - 09:32 PM

EvaEva
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The problem now is not COE Up or Down.  The bigger problem is that many car is still priced as if COE is 50K lor .....

 

It is such a terrible times to buy car lor ......

 

The current situation is that people are still not used to cars slapped with 10K to 20K of VES tax, hence, car prices do appear high even with lower COE price. Indeed, the prices of these cars are similar to when COE was 40K to 50K range.



#13

Posted 04 August 2018 - 09:39 PM

pegasi
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does ves add to the parf rebate value?
how does the calculation look like
'Stupid is as stupid does' - Forrest Gump

#14

Posted 04 August 2018 - 09:45 PM

Pohhenry
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does ves add to the parf rebate value?
how does the calculation look like

 

VES is extra penalty paid  [knife]

 

Nothing to do with your Parf Rebate  [rolleyes]



#15

Posted 04 August 2018 - 09:55 PM

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About there but still not there.

 

Example

 

10 MPV brands. 6 kenna 10K VES while 4 in the neutral band.

 

That 4 brands of MPV will pegged as if it is in the 10K band.  Hence, profited the 10K. No competition ma.

 

Good example, Carens I bought 103.  Now 101.  But my COE is 50K lor.

 

 

So the strategy would be to pick the type of Car where everybody is in the same band. Difficult.

 

- Low CC, Saloon or Tiny Saloon lor ?? Not sure.

 

 

For us who have already bought a car, if there is planned to sell then expect a big price distortion lor.  Total loss claim also difficult to close case due to distortion.

 

Best is drive the full 10 years lor. Or else, prepare for a big loss for changing car.

 

 

 

 

 

 

 

The current situation is that people are still not used to cars slapped with 10K to 20K of VES tax, hence, car prices do appear high even with lower COE price. Indeed, the prices of these cars are similar to when COE was 40K to 50K range.

 



#16

Posted 04 August 2018 - 10:00 PM

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The problem now is not COE Up or Down. The bigger problem is that many car is still priced as if COE is 50K lor .....

It is such a terrible times to buy car lor ......

Is it bcos they are subjected to VES surcharge? I realise those neutral ones are generally cheaper now than when COE was at 50k.

#17

Posted 04 August 2018 - 10:03 PM

EvaEva
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You are right that some ADs are profiteering from the imperfect market situation by pricing their VES B cars close to those VES C cars especially if these cars are high in demand. Consumers must  educate themselves when buying cars in Singapore. If not, the ADs will continue to take advantage of the market imperfection to maximize profits.

 

About there but still not there.

 

Example

 

10 MPV brands. 6 kenna 10K VES while 4 in the neutral band.

 

That 4 brands of MPV will pegged as if it is in the 10K band.  Hence, profited the 10K. No competition ma.

 

Good example, Carens I bought 103.  Now 101.  But my COE is 50K lor.

 

 

So the strategy would be to pick the type of Car where everybody is in the same band. Difficult.

 

- Low CC, Saloon or Tiny Saloon lor ?? Not sure.

 

 

For us who have already bought a car, if there is planned to sell then expect a big price distortion lor.  Total loss claim also difficult to close case due to distortion.

 

Best is drive the full 10 years lor. Or else, prepare for a big loss for changing car.

 



#18

Posted 04 August 2018 - 10:05 PM

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Citroen can offer Cat A rebate at 32k means this round Cat A will rise?



#19

Posted 04 August 2018 - 10:13 PM

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Citroen can offer Cat A rebate at 32k means this round Cat A will rise?


Citroen wanted to make sure their car buyer got their COE. So by offering rebate at 32k, they will bit 35k or above and therefore the buyer sure get the car.
Cheers!
Bobby

#20

Posted 04 August 2018 - 10:19 PM

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If VES is positive. Consumer pay garment hor.  Then there is no change to your PARF Rebate value.

 

If VES is negative.  Garment pay Consumer lor.  But hor, still at your expense.  Subject to the max value of your OMV.

 

For example.  OMV 25K VES -10K.   Your Parf rebate value = (OMV / 2) - (VES /2) = 7.5K

 

Right wrong ??

 

 

does ves add to the parf rebate value?
how does the calculation look like

 




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