COE- February 2011 1st Bidding Exercise

[Ahboey]

wish the COE didnt shoot up the other time...

[Spidey10]

Looking at the rate of the bidding - Cat A sure to go up...taxi will come in last min! Cat B - also will go up...

 

[Kennethou]

is it the norm that the bids come in like last minute. notice that now only ~150 bids for Cat A/B with 3 hrs to go.

[Mllcg]

really hope Coe will drop this round :( .. my last chance to decide to get a 2nd hand or new car ... depending on this coe :( .. need a car for work liao .. waited 4 months but cant wait anymore :(

 

*pray

 

2nd hand need coe meh? just shop around

[Mllcg]

2pm starting liao

[Laworder17]

Hourly Update

 

COE Open Bidding

 

Bidding will end on 09/02/2011 16:00 hrs

Bidding status as at 09/02/2011 13:38:26.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 523 153

B CAR (ABOVE 1600CC) 1 431 163

C GOODS VEHICLE & BUS 1 275 74

D MOTORCYCLE 1 328 198

E OPEN 1 333 80

Source: Land Transport Authority

 

[Laworder17]

is it the norm that the bids come in like last minute. notice that now only ~150 bids for Cat A/B with 3 hrs to go.

 

Yes...The bids usually comes in about 3pm.

[Pixel18]

The notion of taxi bids tipping the balance is but a perception from a spin. "System precision" will ensure that no drastic drop in prices will ever happen. What one can expect will be minor variations to the tune of 10-15%. The upward climb however is uncapped but demand and sensible pricing serve as effective checks to prevent runaway situations.

[Mllcg]

The notion of taxi bids tipping the balance is but a perception from a spin. "System precision" will ensure that no drastic drop in prices will ever happen. What one can expect will be minor variations to the tune of 10-15%. The upward climb however is uncapped but demand and sensible pricing serve as effective checks to prevent runaway situations.

 

it really depends. if the quota never hit, sure drop to 1 buck de.

[Pixel18]

it really depends. if the quota never hit, sure drop to 1 buck de.

 

Do you really believe that there will be a time when the quota will never be reached? That will be the day when we can expect snow here. This is the illusion of fair play - a component of "system precision".

[Mllcg]

Do you really believe that there will be a time when the quota will never be reached? That will be the day when we can expect snow here. This is the illusion of fair play - a component of "system precision".

 

actually, its very simple to keep COEs low. every bidding session, show the lowest possible sum(or even the whole damn table) to secure COE. that way, people can just put enough without over bidding and driving the prices up.

[Jujitsuka]

The notion of taxi bids tipping the balance is but a perception from a spin. "System precision" will ensure that no drastic drop in prices will ever happen. What one can expect will be minor variations to the tune of 10-15%. The upward climb however is uncapped but demand and sensible pricing serve as effective checks to prevent runaway situations.

 

 

The last COE Cat A was affected by the taxi coy it was rept and published in ST newspaper.

 

They came in with 300 over bids for the Cat A.

 

 

Are u a spin doctor wking for Comfort Delgro?

[Pixel18]

actually, its very simple to keep COEs low. every bidding session, show the lowest possible sum(or even the whole damn table) to secure COE. that way, people can just put enough without over bidding and driving the prices up.

 

The only proviso is that rational thinking must dominate for that to be successful. But we are living in an imperfect society with significant variations in factors that influence rational thinking....

[Laworder17]

Hourly Update

 

COE Open Bidding

 

Bidding will end on 09/02/2011 16:00 hrs

Bidding status as at 09/02/2011 13:59:31.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 523 167

B CAR (ABOVE 1600CC) 1 431 173

C GOODS VEHICLE & BUS 1 275 112

D MOTORCYCLE 1 328 202

E OPEN 1 333 80

Source: Land Transport Authority

[Laworder17]

COE Open Bidding

 

Bidding will end on 09/02/2011 16:00 hrs

Bidding status as at 09/02/2011 14:16:01.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 523 170

B CAR (ABOVE 1600CC) 1 431 224

C GOODS VEHICLE & BUS 1 275 112

D MOTORCYCLE 1 328 205

E OPEN 1 333 81

Source: Land Transport Authority

[Laworder17]

Looks like the "show" will start abt 3pm today....

[Newkidontheblock]

damn the previous time i went to the showroom COE for cat A was 15k... and i found it expensive!

stupid me! haha

[Laworder17]

COE Open Bidding

 

Bidding will end on 09/02/2011 16:00 hrs

Bidding status as at 09/02/2011 14:35:16.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 523 226

B CAR (ABOVE 1600CC) 1 431 252

C GOODS VEHICLE & BUS 1 275 112

D MOTORCYCLE 1 328 251

E OPEN 1 333 83

Source: Land Transport Authority