COE - May 2010 2nd bidding exercise

[Laworder17]

May 2010 Second Open Bidding Exercise For Certificates Of Entitlement

 

The details of the May 2010 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 17 May 2010, 12 noon

 

Tender closes: Wednesday, 19 May 2010, 4.00 pm

 

Tender results: Wednesday, 19 May 2010

(Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 2,167 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

 

Category A : Cars (1,600cc and below) & taxis 699

 

Category B : Cars (1,601cc and above) 561

 

Category D : Motorcycles 364

 

TRANSFERABLE CATEGORIES:

 

Category C : Goods Vehicles and Buses 176

 

Category E : Open Category 367

 

 

It's Time for another round of exciting guessing game!!! So come in and make a guess.

 

[SimonTan]

Wah....so fast posting hur?

I think it will drop on wednesday.

 

[Xavina]

[naive] Yeah, maybe it'll be <30k now [/naive]

[Nf0rc3r]

most probably a 5% drop for all cats.

[Whoo_sh]

Cat A

$28,102 (+2000)

 

 

Cat B

$40,100 (+2100)

 

 

Cat C

$33,001 (+500)

 

Cat D

$1,852 (+600)

 

 

Cat E

$41,502 (+2500)

 

[Jay1980]

Pure Guess!!!

 

Cat A

$25,000

 

Cat B

$35,000

 

Cat C

$30,000

 

Cat D

$1,800

 

Cat E

$38,000

 

 

 

[Speeedo]

it will still drop..... cos ppl are still hoping it drops further... those considering to buy new cars will on "hold" first and see....

[Picanto]

all guess wrongly.

[Laworder17]

Cat A

$27,000

 

Cat B

$36,000

 

Cat C

$30,000

 

Cat D

$1,200

 

Cat E

$38,000

[Laworder17]

it will still drop..... cos ppl are still hoping it drops further... those considering to buy new cars will on "hold" first and see....

 

I think if drop also quite little as from what i see during the weekend, quite alot of booking being make at some of the showroom. Even the news in Channel U also say that there is an increase of 30% sales in car.

[Toapayohkid]

prices too early to stabilise. the panicky risk-adverse ones would go in and buy now to drive coe demand and prices up again. for those who can wait, time is on our side. i got my own buy-price threshold based on what i can afford.

[Whoo_sh]

the new quota is pathetic...

 

how r the distributors going to react? split a smaller pie or grab bigger share to force out other players?

[Laworder17]

the new quota is pathetic...

 

how r the distributors going to react? split a smaller pie or grab bigger share to force out other players?

 

I think sooner or later some of the player will be squeeze out of Singapore market.

[Fattychubby]

I think sooner or later some of the player will be squeeze out of Singapore market.

 

i was thinking .. the china brands have been very quiet lately// if the high COE sustain.. i think they will be the first casualty.. even before the COE hike.. i see their showroom is alwalys quiet eveytime i passed by ( Geely at Ubi)

 

from the pricing done by Komoco and Kia this 2 weeks, i dont think COE will get lower.. it should be close to $30K again this week for Cat A. not so sure abt BM and the rest

Edited May 16, 2010 by Fattychubby

[Albeniz]

Given the cheaper euros, quite a number of people might start to look at the continentals.

Edited May 16, 2010 by Albeniz

[relacker]

many ppl are holding back big tic purchase due to greek financial turmoil and the thai instability, there is talk now of double dip recession.

 

COE price should follow the bad sentiments , bearish market and go down some more.

 

though quota is cut, the demand is cut even further.

 

i foresee it going down to at least 15k.

[N3ver]

hope the COE drops....

[MadDog70]

Anyone knows what is the impact to used cars on this COE?

What percent rise I mean?