Baka Neutral Newbie January 19, 2008 Share January 19, 2008 I am starting this on behalf of brothers like Ahyoo2002 who are interested to discuss how the COE results will unfold.. Please vote what you think will be the next Cat B result... thank you! COE Open Bidding Next COE Open Bidding Exercise Starts on 21/01/2008 12:00 hrs, Ends on 23/01/2008 16:00 hrs The COE Quota available for next Bidding Exercise A Car (1600cc & below) &Taxi 2,231 B Car (Above 1600 cc) 1,144 C Goods Vehicle & Bus 349 D Motorcycle 443 E Open 1,169 Factors why COE price will go up - Talks about reduction of COE quota in 2008: lower supply causes COE price to climb - Some people do last minute purchase of cars for Chinese New Year - Some industries getting fat bonuses due to good performance in 2007. These people will tend to buy or change cars. - Many people buying New Fit 2008 (cat A) - Road tax likely to decrease slightly in 2008 Factors why COE price will fall - govt announces plan to shift people towards public transport by making mrt and buses more accessible and higher frequency. - govt's plan to set up more ERP gantries islandwide, starting with 5 new ERP gantries (Toa Payoh among them). Also will likely extend timing and rates. - increase bus lanes and more penalties for cars using bus lanes inappropriately: more inconveniences and jams to car users. - Increasing petrol cost - Increasing insurance cost - Increasing summons amounts (for speeding) - Increasing frequency of pontianaks for parking fines. - Recession just confirmed in USA, likely to affect macroeconomics of Asia region in 2008. - Taxi drivers' business affected by brainless increase in taxi fare. Double whammy when govt just announced plans to move people to bus and mrt from taxi and cars. Taxi drivers will "eat grass" liao. Expect lesser taxi bidding for COE in future. - Many car dealers cannot promise car delivery before Chinese New Year if bidding for coming COE exercise. - Some anticipated cars like new Altis not available yet Disclaimer: above factors are not exhaustive and are listed for further discussions. ↡ Advertisement Link to post Share on other sites More sharing options...
Leepee 1st Gear January 19, 2008 Share January 19, 2008 price will be lower. The reduced quota is not announced yet, so will not cause mad rush this time yet. In fact the buying sentiments seem normal as no BIG news yet. Assuming 2 weeks period, the demand should be normal. Most get their bonus in Dec, so the bonus driven demand should be there still. I will try to self bid for my Coe tomorow. I predict it to be below 10k. Link to post Share on other sites More sharing options...
Whiteride Neutral Newbie January 20, 2008 Share January 20, 2008 (edited) can include CAT A discussion and prediction too ? Edited January 20, 2008 by Whiteride Link to post Share on other sites More sharing options...
Sniperben Neutral Newbie January 20, 2008 Share January 20, 2008 i voted for "$14,001 to $16,000".. predicting a drop from the current $15,989.. Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 Wah, you wake up so early to write such an long post Must be anxious about you new ride Although your thread is on Cat B, sbut some of the factors that you highlight is more for cat A Anyway, look to me very quiet now. So likely my bet for Cat B will be down a bit at $14k+. As for Cat A, likey maintain or drop a bit as Altis is not here yet Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 BTW, why drag me in Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 (edited) COE is like stock market, the new quota is not annouce yet so everyone know that COE quota will be reduce, so annouce or not is not an issue anymore. Edited January 20, 2008 by Ahyoo2002 Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 You started the previous rounds of COE bidding thread, mah... so I put one for you first Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 can include CAT A discussion and prediction too ? You can discuss about cat A also but I am more interested abt cat B. I have ordered stream with 1 bid guaranteed, rebate at $16k. So every dollar below $16k for next round cat B COE will mean one dollar saved. Personally I think it will be ard $14k, but the lower the better. Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 price will be lower. The reduced quota is not announced yet, so will not cause mad rush this time yet. In fact the buying sentiments seem normal as no BIG news yet. Assuming 2 weeks period, the demand should be normal. Most get their bonus in Dec, so the bonus driven demand should be there still. I will try to self bid for my Coe tomorow. I predict it to be below 10k. Below $10k, I like but highly impossible for next round... after CNY maybe Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 Wah, you wake up so early to write such an long post Must be anxious about you new ride Although your thread is on Cat B, sbut some of the factors that you highlight is more for cat A Anyway, look to me very quiet now. So likely my bet for Cat B will be down a bit at $14k+. As for Cat A, likey maintain or drop a bit as Altis is not here yet Yeah man I am very excited abt it. Counting down to car collection day! Think abt the money I can get from car pool... 6 x $100 per month = $600 potential earnings! Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 You also into car pool? $100 per month so much? From where to where? I also read about car pool thing, why wonder how good is it Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear January 20, 2008 Share January 20, 2008 nothing is impossible, just like what happen in USA now, no one think it is possible Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 I got a few colleagues staying around my area thinking abt it. From Serangoon to tanjong pagar area... but the hard thing is timing coordination.. morning people tend to be late, and i hate to wait Link to post Share on other sites More sharing options...
Cheekg98 1st Gear January 20, 2008 Share January 20, 2008 hearsay face lift of yr dream mpv is coming soon ... Link to post Share on other sites More sharing options...
Baka Neutral Newbie January 20, 2008 Author Share January 20, 2008 yeah alot of rumors, the 2008 version not much diff from 2006 version. the next earliest is likely in 2009 Link to post Share on other sites More sharing options...
Cheekg98 1st Gear January 20, 2008 Share January 20, 2008 huh ? i didnt say which mpv lehz ... ↡ Advertisement Link to post Share on other sites More sharing options...
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