Angelvine Clutched August 8, 2011 Share August 8, 2011 Whatever goes up will come down??? from 1... go to 20 then down max to 15 (will never go back to 1 anymore!) then from 15 will go up to 30 then maybe go down max to 25... look at our house... our grandfather buy the landed for only 50k... now can sell for 8m!!! (just 35yr) as for coe... it will never go back to 10k or even 30k anymore... as man in white had know their mistake... they will keep cutting it... and so everyone want buy car will have to fight for it... and pay more... Whatever goes up will come down... just a matter of when... after every high, just around the corner a low is waiting... once everyones starts a wait and see attitude, economy takes a plunge and everthing goes down... but then, we can see the rich taking advantage of the situation and then the prices go back up again... vicious cycle going on and on... am pretty sure a normal human being will suffer at least a few times of recession. Lets hope by new housing prices down first and then COE... ↡ Advertisement Link to post Share on other sites More sharing options...
Angelvine Clutched August 8, 2011 Share August 8, 2011 i know someone working for comfort... they still have 2,500 taxi waiting to be on the road till end of this year... and 6,000 next year... and the max coe they want to pay is 95k! (tis is vaild till end of this yr... will be review higher next year!) so how to beat them? Link to post Share on other sites More sharing options...
Calvin79 2nd Gear August 8, 2011 Share August 8, 2011 thats true... our older generations got to enjoy the benefits of utilizing their CPF on new cheap housing and sold it at a profit. for the newer generations, your CPF is not even enough to finish paying for one... Link to post Share on other sites More sharing options...
Cluboxed 1st Gear August 8, 2011 Share August 8, 2011 i know someone working for comfort... they still have 2,500 taxi waiting to be on the road till end of this year... and 6,000 next year... and the max coe they want to pay is 95k! (tis is vaild till end of this yr... will be review higher next year!) so how to beat them? 95k!? woohoo!! Link to post Share on other sites More sharing options...
Angelvine Clutched August 8, 2011 Share August 8, 2011 anyone can do a check... taxi company is making (earning) lot of money from coe... and they target for coe is very high , but they been saving money as they coe is lower (30-50% cheaper) then wanted to pay from 10-15 years back... taxi company had do their math on coe... but they have make (save) lot of money from there (look at how much comfort make last yr, please domt look at the main... just the taxi company!!)... the fare will not go up... unless coe over 100k... for 100k coe this may wait another 1 yr or 2... by then taxi fare will sumit to go higher... No point arguing . Those who brought high coe will not want coe to drop. taxi company also won't be stupid to bid high if recession on the way. People will cut back and take bus or mrt Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 8, 2011 Share August 8, 2011 anyone can do a check... taxi company is making (earning) lot of money from coe... and they target for coe is very high , but they been saving money as they coe is lower (30-50% cheaper) then wanted to pay from 10-15 years back... taxi company had do their math on coe... but they have make (save) lot of money from there (look at how much comfort make last yr, please domt look at the main... just the taxi company!!)... the fare will not go up... unless coe over 100k... for 100k coe this may wait another 1 yr or 2... by then taxi fare will sumit to go higher... arent you the ah lian whose boyfren was one of the sunshine empire lackeys ? welcoime back Link to post Share on other sites More sharing options...
Jujitsuka 4th Gear August 8, 2011 Share August 8, 2011 arent you the ah lian whose boyfren was one of the sunshine empire lackeys ? welcoime back Lol... U r so mean! Link to post Share on other sites More sharing options...
Angelvine Clutched August 8, 2011 Share August 8, 2011 (edited) my bf still working in sunshine at malaysia... and in singapore he work for forever living... but that is like part time cos the income is no more 300k a mth.... now most of income now come from the rental... but house in jb is wasted... as the income is too low... even beside uni... Edited August 8, 2011 by Angelvine Link to post Share on other sites More sharing options...
KARTer 2nd Gear August 8, 2011 Share August 8, 2011 (edited) With the booming economy.... People without cars will say they can take taxi. So in the end taxi companies are buying and increasing their fleets to cater to these group of carless expats/tourists/citizens. The demand is real. This world will still go round. The COE will not drop.....as any drop...the taxi co will take up the slack. Remember transport company can always increase fares to cover whatever COE costs they incur. Transport co will never worries about COE as the fare increase formula do include the COE factors! If you n I cannot afford cars......once a while we will take taxi for convenience right? This demand will forever drive the taxi company to keep increase their fleets. It's a vicous cycle. Another way of looking at this: the 7yr-cycle of taxi fleets replacement, plus increases in the fleet sizes keep COE prices high (with the 'cooperations' between LTA and major taxis companies which happen to be linked with govt). COE prices are highly manupilable, courtesy of LTA+Taxi Fleets Owners as mentioned. Ordinary pple who need cars (for making a living, ferrying old/weak folks and young kids etc) are at the mercy of the above parties. The rich, of course, wont give a damn even if COE hits 100k. Edited August 8, 2011 by KARTer Link to post Share on other sites More sharing options...
questionedfish Clutched August 8, 2011 Share August 8, 2011 That's why, learn to appreciate your car if you own one! Link to post Share on other sites More sharing options...
Civic_newb Neutral Newbie August 8, 2011 Share August 8, 2011 i know someone working for comfort... they still have 2,500 taxi waiting to be on the road till end of this year... and 6,000 next year... and the max coe they want to pay is 95k! (tis is vaild till end of this yr... will be review higher next year!) so how to beat them? like that how many can afford a basic car for work? Better drive taxi liao :-P Link to post Share on other sites More sharing options...
13177 Hypersonic August 8, 2011 Share August 8, 2011 Another way of looking at this: the 7yr-cycle of taxi fleets replacement, plus increases in the fleet sizes keep COE prices high (with the 'cooperations' between LTA and major taxis companies which happen to be linked with govt). COE prices are highly manupilable, courtesy of LTA+Taxi Fleets Owners as mentioned. Ordinary pple who need cars (for making a living, ferrying old/weak folks and young kids etc) are at the mercy of the above parties. The rich, of course, wont give a damn even if COE hits 100k. Since when taxi companies their taxi fleet replacement is every 7 years? Last time those crown, cedric and corona taxi like runs very long on the road, like 10 year old?! Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 8, 2011 Share August 8, 2011 (edited) my bf still working in sunshine at malaysia... and in singapore he work for forever living... but that is like part time cos the income is no more 300k a mth.... now most of income now come from the rental... but house in jb is wasted... as the income is too low... even beside uni... Alamak, you mean he's not behind bars....? and he hasnt dumped you? lucky lucky Edited August 8, 2011 by Throttle2 Link to post Share on other sites More sharing options...
Bystander50 5th Gear August 8, 2011 Share August 8, 2011 No point arguing . Those who brought high coe will not want coe to drop. taxi company also won't be stupid to bid high if recession on the way. People will cut back and take bus or mrt It makes no difference for those who bought at high COE or those who bought low. If COE shoots up or crashes, the loans these people took will still be the same. Doesn't mean higher COE in future biddings, the banks will let u pay less. It is only the feel goid factor, but in reality, nothing changes. Those who bought high can only blame themselves. They can hold on and wait. Only way out is to scrap the car and get back whatever you can. Link to post Share on other sites More sharing options...
Cluboxed 1st Gear August 8, 2011 Share August 8, 2011 Since when taxi companies their taxi fleet replacement is every 7 years? Last time those crown, cedric and corona taxi like runs very long on the road, like 10 year old?! its mandatory for them to replace their fleet every 7 years... ↡ Advertisement Link to post Share on other sites More sharing options...
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