LTA to explore easing tight COE supply

[Civic6228]

Lui is beginning to show that he is quite irresponsible.

 

 

More COEs? Gosh!!!!! Instead of admitting failure of the policy, he now panders to gain political brownie points.

 

 

All these while the MIW claims to be forward and far-ahead in thinking and planning, unafraid to make hard painful decisions, everything done for the good of the nation. And now this?

 

Guess it all a lie.

 

Weak lei cannot take pressure ....... Now prata-ing ...... Bo chi .... Now twist story .... More coe more jam ..... Wtf

 

What is there to study ????? Dare not reduce the growth rate.... Can forget about cut in coe ... To reduce jam. Traffic jams are here to stay .......

[Nf0rc3r]

Why all blaming the minister.. remember he trying to solve s--t that came up before he is in office haha..

[Yeshe]

All fail maths..

Request additional cat for taxi??

Now Cat A to E is still the same quota.

Open another cat for taxi, quota is still the same.

Eg.

Cat A including taxi quota is 100

Let say take out 20 taxi quota to form taxi cat, cat A left 80. Dealer will still push up COE as less quota for Cat A.

 

kiang ju ho, mai ge kiang [laugh]

[Rubbermat]

kiang ju ho, mai ge kiang [laugh]

 

Polish up your hanyu pinying.

It is kiang jiu ho, mai gei kiang.

 

let us hear your view.

[Dgeralds]

Why COE? Why ERP? Why road tax? Can a system be created to track the distance travelled by GPS (only in Singapore) and charge a fee on per km basis? e.g. If one drives 2000km per month, let him pay say $500 per month (2000km x 25cents). Play with the cents/km to control traffic. If necessary then introduce ERP. This will make many people happy. Everybody can own a car and the more you use the more you pay.

Edited May 4, 2012 by Dgeralds

[W210k]

If anyone even thinks that this move will cause COE prices to fall ... WRONG!

From each bidding exercise's statistics over the last 6 months, the demand continues to far exceed supply.

With more new models being launched by luxury marques, the distributors will be fighting their own turf war to gain market share and put as many of their new models on the road.

 

So COE prices are unlikely to fall significantly, if at all.

 

What I fear more though, is that this retrogressive move will cause worsening jams, cos the car population will continue to grow by 1.5% a year, while the already-high COEs will result in existing owners to cling on to their prized possession even more so (up to the full 10 years even) - since many would have realized by now that they may never get to own another new car again, ever in their life time, or what remains of it here!

 

[Civic6228]

Why COE? Why ERP? Why road tax? Can a system be created to track the distance travelled and charge a fee on per km basis? e.g. If one drives 2000km per month, let him pay say $500 per month (2000km x 25cents). Play with the cents/km to control traffic. If necessary then introduce ERP. This will make many people happy.

 

So no coe ? Pay as u drive ..... So assuming 3 millions cars in the road and happens that all 3 miillion cars on the road at the same time .... Workable ?

Edited May 4, 2012 by Civic6228

[Dgeralds]

So no coe ? Pay as u drive ..... So assuming 3 millions cars in the road and happens that all 3 miillion cars on the road at the same time .... Workable ?

 

How if one is required to pay $1 per km or $2 per km? May be workable.

[Civic6228]

How if one is required to pay $1 per km or $2 per km? May be workable.

 

Your posting did not answer my question of 3 million cars paying the 1 or 2 dollars per km at the same time to be in the road. So what even if it is 10 dollars per km there is still the possibility of all the cars paying to be on the road at the same time

Edited May 4, 2012 by Civic6228

[Jim]

As of 31 March 2012, the age distribution of cars under 10 years old is like this:

 

0-<1 28,430 (4.7%)

1-<2 33,374 (5.5%)

2-<3 61,952 (10.2%)

3-<4 93,567 (15.4%)

4-<5 100,432 (16.5%)

5-<6 114,374 (18.8%)

6-<7 99,473 (16.4%)

7-<8 45,186 (7.4%)

8-<9 15,566 (2.6%)

9 - <10 4,449 (0.7%)

 

http://www.lta.gov.sg/content/dam/lta/Corp...M01-03M-Age.pdf

 

As Bavarian mentioned earlier, about 50% of the car population is 4-7 years old. Many saw the high supply of COEs in those years as a mistake by LTA, when they were merely being steadfast to the formula for putting deregistered COEs back into bidding, and the deregistrations in those years were really fierce in response to the falling COE.

 

If this rigid formula is not changed, we basically have a 10 year feast/famine cycle with COEs, with a lot of COEs available within certain years, as much as 100k, and a severe shortage in other years, like right now, barely 28k and still getting cut further.

 

This year is really a poor time to cut the growth rate from +1.5% to 0.5%.

 

1% of 600k is only 6000, and is almost a rounding error in a year with 100k COEs available, but a deadly blow when you have just about 28k COE.

[Ithunk]

As of 31 March 2012, the age distribution of cars under 10 years old is like this:

 

0-<1 28,430 (4.7%)

1-<2 33,374 (5.5%)

2-<3 61,952 (10.2%)

3-<4 93,567 (15.4%)

4-<5 100,432 (16.5%)

5-<6 114,374 (18.8%)

6-<7 99,473 (16.4%)

7-<8 45,186 (7.4%)

8-<9 15,566 (2.6%)

9 - <10 4,449 (0.7%)

 

http://www.lta.gov.sg/content/dam/lta/Corp...M01-03M-Age.pdf

 

As Bavarian mentioned earlier, about 50% of the car population is 4-7 years old. Many saw the high supply of COEs in those years as a mistake by LTA, when they were merely being steadfast to the formula for putting deregistered COEs back into bidding, and the deregistrations in those years were really fierce in response to the falling COE.

 

If this rigid formula is not changed, we basically have a 10 year feast/famine cycle with COEs, with a lot of COEs available within certain years, as much as 100k, and a severe shortage in other years, like right now, barely 28k and still getting cut further.

 

This year is really a poor time to cut the growth rate from +1.5% to 0.5%.

 

1% of 600k is only 6000, and is almost a rounding error in a year with 100k COEs available, but a deadly blow when you have just about 28k COE.

 

lol nice analysis

 

whatever it is...ppl will still chiong for car

[Rayleigh]

Personally I dun see the flaw. Taxis and private are cars that travel on Sinapore roads. It is reasonanle to be part of COE what.

 

Bus being a public transport does not need COE. Is taxi also a public transport?

Edited May 4, 2012 by Rayleigh

[Atonchia]

As of 31 March 2012, the age distribution of cars under 10 years old is like this:

 

0-<1 28,430 (4.7%)

1-<2 33,374 (5.5%)

2-<3 61,952 (10.2%)

3-<4 93,567 (15.4%)

4-<5 100,432 (16.5%)

5-<6 114,374 (18.8%)

6-<7 99,473 (16.4%)

7-<8 45,186 (7.4%)

8-<9 15,566 (2.6%)

9 - <10 4,449 (0.7%)

 

http://www.lta.gov.sg/content/dam/lta/Corp...M01-03M-Age.pdf

 

As Bavarian mentioned earlier, about 50% of the car population is 4-7 years old. Many saw the high supply of COEs in those years as a mistake by LTA, when they were merely being steadfast to the formula for putting deregistered COEs back into bidding, and the deregistrations in those years were really fierce in response to the falling COE.

 

If this rigid formula is not changed, we basically have a 10 year feast/famine cycle with COEs, with a lot of COEs available within certain years, as much as 100k, and a severe shortage in other years, like right now, barely 28k and still getting cut further.

 

This year is really a poor time to cut the growth rate from +1.5% to 0.5%.

 

1% of 600k is only 6000, and is almost a rounding error in a year with 100k COEs available, but a deadly blow when you have just about 28k COE.

 

 

True.

Cutting the COE supply too early will cause a sudden decrease of car population when cars starts to scrap in 3 years time. More than 350,000 cars from 2014/5 to 2016/7.

 

 

 

[Atonchia]

If I am selling a product,

 

1) Cost $100,000, limited to 30,000 sets

 

or Sell

 

2) Cost $60,000, up to 60,000 sets.

 

I am 100% sure all the forecast quantity will be snapped up.

Which is the better option to generating revenue?

Which is more sustainable?

Edited May 4, 2012 by Atonchia

[Expertz]

It does help, as by allocating seperate COE Cat for taxis, it reduce competition bidding for Cat A. So end up COE may even reduce for Cat A and maybe even Cat B. Plus when in times of a lot taxi bidding, Cat A will not be much affected.

 

assuming LTA wants to release 100 cat a, 100 cat b coes

to cut out a seperate coe cat for taxis, lta does this:

 

70 cat a

70 cat b

 

60 cat taxis

 

then the taxi companies will conspire and it'll be

 

cat a - 60k

cat b - 70k

 

cat taxi - $1

 

then how?

rejoin back for fairer bidding?

[Civic6228]

As of 31 March 2012, the age distribution of cars under 10 years old is like this:

 

0-<1 28,430 (4.7%)

1-<2 33,374 (5.5%)

2-<3 61,952 (10.2%)

3-<4 93,567 (15.4%)

4-<5 100,432 (16.5%)

5-<6 114,374 (18.8%)

6-<7 99,473 (16.4%)

7-<8 45,186 (7.4%)

8-<9 15,566 (2.6%)

9 - <10 4,449 (0.7%)

 

http://www.lta.gov.sg/content/dam/lta/Corp...M01-03M-Age.pdf

 

As Bavarian mentioned earlier, about 50% of the car population is 4-7 years old. Many saw the high supply of COEs in those years as a mistake by LTA, when they were merely being steadfast to the formula for putting deregistered COEs back into bidding, and the deregistrations in those years were really fierce in response to the falling COE.

 

If this rigid formula is not changed, we basically have a 10 year feast/famine cycle with COEs, with a lot of COEs available within certain years, as much as 100k, and a severe shortage in other years, like right now, barely 28k and still getting cut further.

 

This year is really a poor time to cut the growth rate from +1.5% to 0.5%.

 

1% of 600k is only 6000, and is almost a rounding error in a year with 100k COEs available, but a deadly blow when you have just about 28k COE.

 

It was said it is ok to make a mistake ..... But we must learn from our mistake and make sure that the mistake is not repeated ......

 

So are we repeating the same mistake again .... As with the incorrect projections previously

 

At the end of the day, coe is supposed to control car population ....... But it is working now ......the answer is obvious

[Expertz]

How about cars are for Singaporeans only? Non Singaporeans including PRs have to pay 2x COE and 10x road tax? That would help to regulate the demand for cars.

 

i don't see how this is going to be fair

PRs contribute to the economy and pay their taxes just like locals do

so why must we punish the PRs?

 

this is like saying, we have a 70% chinese population so we should allocate 70% coes to chinese; without thinking that everybody else will be affected to your benefit - not that i'm racist, just trying to make a comparison

[Expertz]

At the end of the day, coe is supposed to control car population ....... But it is working now ......the answer is obvious

 

the coe system is infact working!

if without coe, i'd have 2 or 3 cars!

 

a cheap car now will cost 100k, if there wasn't coe, a car would cost perhaps 50k

the price i paid for my current car would allow me to buy 3 cars without coe

and i would buy 3

 

1 2 seater coupe

1 luxury sedan

1 extremely small car for daily commute to work

 

i'm sure many others would think the same as i do