LTA to study why COE plummets

[Nutty]

Ya... as simple as that.

 

I guess all of us can be LTA scholar.

 

They should hire us instead. We can give them reports in 5 mins.

[Quantum]

of course COE idea is to make money,

you thought your govt so kindly to control vehicle

population, make you travel smoothly,

[Samshio]

if you have money to burn why not ?

 

but these cars will have $0 scrap value.

 

Wonder how the insurance will compensate the owner of such cars where market value < repair cost. ?

[Shorty]

go n buy QQ la.i read from the other thread the agent is quoted as saying the slashed the price to 23k i tink.minus 17k for OPC...only cost 6k!!!...cheaper den a 125cc bike.go get a QQ now!!!

[Thypig33]

hope market flooded with cheap cars, then when resale no value i can buy haha

[Leepee]

Not QQ lah, the quality is not my cup of tea.

 

LTA should implement a new rule...

 

If at the last 5mins of closing the COE price is less than 50% of previous round, then the time will be entended another 30mins!

 

I was thinking...IF this round of Open Cat will not likely be used to register CatA cars, then there will be 'OVERSUPPLY' of big cars COE!

Meaning that the next round will be CAT-B to be $2???

[Walterkoh]

wat to study? already the so-called scholars everyday do nothing but implement some isiotic ideas to suck money from citizen n they get paid fat fat bonus even when the rest of us suffer so much as economy goes down n down?

 

when coe was 110k, did they say wanna study? if they did, was to study how to make it go to 200k, rite?

 

even a k2 child will know, demand n supply. they think coe at $2 super low, cant be, then y they shoot at their own legs n hands to say they set a limit to increase or decrease coe quota by 30%? who r they to set it at 30%? when we expected the increase to be 50%, they increase only 20+%. this time in sept, we expected to cut >30%, yet they capped it at 30% or less, worse, cat b no reduction at all!!!!

 

none of the scholars notice the economy crisis coming? then still call themselves scholars??? wat a joke!!!!

 

get the banks to approve loans easily, else who can afford to change or buy cars?

get the coe to go up, else who can afford to change cars as 2nd hand cars become no value?

get their ass up n wake up their ideas that open or close coe bid, the coe system is still a flaw!!!!

if the system works, u mean other countries duno how to implement to control their traffic jams??? they more stupid???

 

sigh!!!!

[Amazon777]

Well said, good analysis

Edited November 20, 2008 by Amazon777

[Will_I_Am]

I can tell you they will now impose a minimum sum like $1000, just like car plate number bidding. Opps ... have I just given those LTA scholars some ideas?

 

Of course must study....they can't let the fat cow go so easily. They tweaked the system right after the last crash to make sure it doe not happen again.....i'm sure they are keen to do the same this time.

[Knht]

why they never "study" when last time COE shoots up high high ?????

 

that time boh eng, busy counting dollars.....

 

now COE revenue short by S$18mil against budget, what happened if the next few biddings till 31 Dec also short, LTA cannot meet the 2008 revenue budget, how?? some heads will roll especially PAP gaberment need to beef up its coffers to tide through the bad times and recoup investment losses by Temasek....so, now the LTA heads very the kan cheong liao, have to think of strategy to meet budget and recover the deficit...so, must study study, in very detail somemore

[Peqasus]

These guys have so much time to waste on irrelevant `studies'. A simple supply and demand also dunno, esp when its already an open system. What's there to `study'? if they indeed waste time and money to conduct such a study and then reports it in public, the person who sanction the study should be retrenched for being too free.

 

More likely than not some fellow is jumping up and down for `losing' $18mio for this bidding cycle and `studying' how to avoid these kind of incidents from happening again.

 

Seriously, since this is a true supply/ demand situation, no action should be taken.

 

 

aiya, after spending $XXXX and XXX manhours, they hv concluded, due to weakening market conditions and prudence on buyers part and tighter credit situation, COE crash. Tat's wat gahmen likes to do to cover ass mah. Think Marina Bay renaming.

[Ah_dude]

property sales lousy, they stop land sales

 

car sales lousy, they can lower coe supply

 

if they do so, current drivers will face less jam

 

 

unlike coe which is effective dd (demand which is back up by cash or approved loans) and ss, erp appears to be less affected

 

How abt

 

Singaporean no work to do..they cut FT ?

[Quantum]

simple, just cut off COE quota 30% immediately and COE bid start from $5000 instead of $1

[Ff2004]

Come to think about it, I suppose this round of financial crisis is quite bad.

Nobody dare to buy car at this moment.

 

Everybody 'wait and see now'...

[Help1]

lets face it lah....dun u think the whole $2 is a setup...looks like all car dealers and authorities gang up to bring down COE, then to create the demand and COE will rise again...this is a "foreplay" before it reach the climax....

 

if someone can tap or sniff the telecomms btw the car dealers and authorities, i am sure can find something out of there..."CONSPIRACY THEORY"

 

now used car sellers wayang, LTA wayang, apparently everyone knows and agrees what to do the next day after COE announced.

[Help1]

why "wait n see now"...should "forgo"...from now till 1st Q of next yr, it is going to be a roller coaster ride for everyone...

[Liuz0004]

lets face it lah....dun u think the whole $2 is a setup...looks like all car dealers and authorities gang up to bring down COE, then to create the demand and COE will rise again...this is a "foreplay" before it reach the climax....

 

wa lao sure not. forgo $18.5 million just to reach climax? haha. you tink too much la

[Honsan]

Think LTA first pripority to study the incident is how to make sure they make back the revenue "lost"...

 

Expect more ERPs, more summons and more craps