COE solutions??

[Maseratigood]

now coe is like the day in 1994, when election coming hehe sure dip 50% de....

How will pap make COE prices dip before next GE? The prices are subject to free market forces, except that the number of COEs allocated for biddings can be tweaked to create an over supply situation to suppress the prices? But they need to justify the increase in the allocation, surely to "buy votes" cannot be the official reasons. So it may not be so simple.

[Kangadrool]

Very soon, people will ask for subsidies, special privileges and priority for first time owner with family and kids for Rolex watches.

 

 

[Wind30]

How will pap make COE prices dip before next GE? The prices are subject to free market forces, except that the number of COEs allocated for biddings can be tweaked to create an over supply situation to suppress the prices? But they need to justify the increase in the allocation, surely to "buy votes" cannot be the official reasons. So it may not be so simple.

 

you never read my posts meh????

 

FRom 2015 onwards, there will AUTOMATICALLY be a bumper crop of COE supply just from COE being expired.

 

That is why I am confident that by late 2015, COE will drop lah.

[Galantspeedz]

Can you advise? Private syndicates and black market operators have been mentioned in a few posts already, what's up with that?

 

pay someone some money and use their name to buy a car on highest loan available and rent out the car while paying instalments.

 

yes there are people who does this

 

 

[BMWX5]

Will the price of second hand cars increase as the COE goes up?

[Myxilplix]

pay someone some money and use their name to buy a car on highest loan available and rent out the car while paying instalments.

 

yes there are people who does this

 

Ok understood, but seriously is this number even significant? Does this mean that even now they are affecting current COE prices with their demand as well?

 

I doubt syndicates are going to swoop in to control the whole market, or else they'd already be doing it with the current system.

 

If people want to rent out private cars without proper insurance, there are laws to deal with that. Individuals are doing this too, just hope nothing happens.

 

 

[Wt_know]

haha ... good one

 

Very soon, people will ask for subsidies, special privileges and priority for first time owner with family and kids for Rolex watches.

 

[Wt_know]

of course la ... used car dealer is watching coe chart like stock market and adjust their selling price accordingly

will you sell a low coe car based on a low coe price or "benchmark" with market price

 

Will the price of second hand cars increase as the COE goes up?

 

[Kar_lover]

Will the price of second hand cars increase as the COE goes up?

 

Duh.....

[Tonyhawk]

so many pages. you'd think we are a country in crisis.

[Galantspeedz]

Ok understood, but seriously is this number even significant? Does this mean that even now they are affecting current COE prices with their demand as well?

 

I doubt syndicates are going to swoop in to control the whole market, or else they'd already be doing it with the current system.

 

If people want to rent out private cars without proper insurance, there are laws to deal with that. Individuals are doing this too, just hope nothing happens.

 

we gonna go 1 big round with this

[inlinesix]

After 26 pages, talk like no talk. Go back to square 1 & complain loh [laugh]

[Civicblade]

Agree. Life's like that isn't it. You enjoy what you can afford. And in crowded Singapore, road infrastructure is a luxury and that is a fact.

 

In my opinion, there is no need to tweak the COE system for now. Yes, the successful bidding price for COE is at all time for Cat A, but Cat B is still lower than at end 1994 early 1995 (above 100k iirc). The OTR car prices in 1994/1995 were about the same as car price now. Imagine having to pay $120k for a Toyota Corolla in 1994/1995, as compare to paying the same amount now for a similar car? In comparison, I do not think that car price today is expensive (relative to 1994/1995). That is why the demand is still healthy.

 

When the time comes for me to scrap my car (2018), I shall see if I can still afford to drive. If not, go BMW. That's life.

 

[Civicblade]

Right, they are 5.6million of us packed into 680sqkm. Probably the most densely populated COUNTRY in the whole wide world.

 

If buying a brand new car at USA prices is your life's goal, the easiest way to achieve it is to go to the USA and enjoy what is almost a "right" in the USA. The Singapore government is not going to make your dream come true because private car users will always be a minority due to our population density. We are a democratic country and the majority wins.

 

I am not saying to aspiring car owners to move away from Singapore, I am just stating the reality.

 

Just like how male Singapore needs to serve NS (which I believe can change but the current government is dragging its feet on moving to a professional army), tertiary education slots are limited to 25% of cohort and you need to queue up at the bank.

 

Just keep it status quo. It's not the best system but neither it's the worse. Since SG is so small, a car is a want not a need. A high COE will make ppl think twice whether a car is a need or a want. As a fellow driver, I rather have sky high COE and have a smooth drive to work everyday than to have low COE and sit in a jam.

 

It might sound very elitist but this is the way society operates.

Edited December 28, 2012 by Civicblade

[Joseph22]

After 26 pages, talk like no talk. Go back to square 1 & complain loh [laugh]

 

KNS i missing for 1 day come back see 10 pages extra. read 5 pages realise all samething.,

 

jump to last page. still same thing

[macrosszero]

Not gonna make a difference. If you have enough money, you can own a car. If you don't have enough money, you can't.

 

I'm sure all of us would like a landed D9/10 bungalow, but no money how? Ask the gahment for your entitlement to your share of the land as a pink I/C carrying citizen meh?

[Myxilplix]

we gonna go 1 big round with this

 

Perhaps.

 

But since the spectre of syndicates and black markets has been raised, i'm curious to know how big this boogeyman actually is.

 

From the posts bringing them up, it would seem that these shadowy forces will manipulate and dominate any change from the current system. If they are so all-powerful and have such a large amount of capital, why aren't they dominating and manipulating the market now? Bid high, snap up all the COEs and people are forced to buy from them at a premium or rent from them?

 

The only "syndicates" i can think of at the moment are the ADs who "bid on behalf of their customers" and seem to be pushing the prices up because everything gets lumped into the selling price/loan.

[15F]

I have thought of maybe all the ADs can "discuss" and every body just bid for a "$2 COE" every 2 weeks.

But..........

All ADs are competing against each other for new car registrations and wanted to be "TOP OF THE TABLE". So unlikey they will be "friends".

Secondly not sure if is illegal to do this, becos they are "manipulating" the market.

 

if you calculate the bi weekly COE total amount, it is nearly close to 100 million of "income" every 2 weeks. Nobody want to lose this "income"....

 

If they can said "increase our bus fare so that they can increase the driver salary...." i think there is nothing we citizens can say do.

 

HAPPY FRIDAY!!!

Edited December 28, 2012 by 15F