More COE Next Year (2014) .....

[Tiger1]

No need to count, most cars on the road now are from 2005-2008. Esp during the 2005-2006 era. Ther are also plenty such cars in my workplace and home carpark. Not many new cars spotted in my home carpark, but noticed quite many used cars added. Seems like there is not much reduction of cars in my carpark. Could many car owners when their due to scrap, they then bought another used car, thats why still many cars. But majority cars are "old" cars.

I know no need to count but it kind of "set in" when we counted the other day. :)

 

Both my wife anf my car coe finish next yr in oct n dec respectively. :(

[Baal]

https://sg.news.yahoo.com/could-coe-prices-jump-week-024403559.html

 

 

SINGAPORE - April’s first auction for Certificates Of Entitlement (or COEs) kicks off today and will end on Wednesday, and if history repeats itself you can expect prices to rise.

 

For that you can thank a quirk in the COE bidding process that usually leads to a slight jump in demand.

 

Car dealers usually have two weeks to collect orders from buyers, and after doing so they usually bid for COEs as soon as they can. But COE auctions take place on the first and third Mondays of every month because some months (like March) have five Mondays in them, so dealers sometimes have a whole extra week to sell cars before bidding for COEs.

 

These extra orders usually bump up demand enough to create a small ‘three-week bounce’ in COE prices. Even if car sales haven't been particularly robust, this extra week effectively gives dealers 50 percent more time to get them buyers buyin'.

 

Ironically, one of the things to do if you anticipate a jump in COE prices is to go ahead and book a car (assuming you were thinking about it anyway).

 

This is because car dealers price their goods to a large extent in response to old COE results.

 

If COE prices had gone down in March, car dealers would have lowered their prices—even though buying a car today means they have to deliver it with a COE from April or later that is potentially more expensive.

 

The three-week bounce happens four times a year, with the next one set to occur during the first COE auction of July.

[Wt_know]

2013 defers to 2014

2014 defers to 2015?

2015 defers to 2030?

 

For those who want to own a car now, I would advise that if they can defer the decision till a little bit later on, when the COE supply actually picks up in 2014, that may be a better time to revisit the situation then.

 

- Transport Minister Lui Tuck Yew

Edited April 7, 2014 by Wt_know

[13177]

We are already into the 4 months of 2014, still no sight of coe price going down? So what the transport minister said should be lies again.

[Pisces69]

Do u know how gov here work? If u want a bike lane, be prepared to pay.. no free lunch hor.. how about a coe for cyclist sound to u if they build cyclist lane at cbd?...

 

 

And dont forget ERP for bicycles. Also heavy parking charges for bicycles too.

 

And to prevent cyclists from riding recklessly, all bicycles must b registered with number plates n pay road tax too. Insurance in case ty bang pple or cars n damage them so pple can claim from their insurance otherwise ty just say ty broke n got no money to compensate everybody else.

[frenchfly]

why people so gullible one, till now still believe that you can get CHEAP things here

Edited April 7, 2014 by frenchfly

[Aaronlkl]

 

why people so gullible one, till now still believe that you can get CHEAP things here [/quote

 

There's no such things as cheap things in Singapore. Don't forget singapore is rank the most expensive city to live in and its nothing but the truth!

[Volvobrick]

 

why people so gullible one, till now still believe that you can get CHEAP things here [/quote

 

There's no such things as cheap things in Singapore. Don't forget singapore is rank the most expensive city to live in and its nothing but the truth!

Got cheap things in Singapore - our PRship and Citizenship kena lelong cheap cheap to China and India immigrants, our NS boys also cheap....

[Ktglfc]

As population increase, more teens & adults going into workforce, meaning more ppl wanting cars.

 

COE nos. may increase next year, but demand still there, i.e. don't think will see drop in price....

[Wyfitms]

believing Lui is like believing khaw when he said many years ago to not rush into buying flats/ condos as supply is ramping up and price will moderate.

 

But we all know what happened right?

[Knoobie]

If more buyers are united, stopped buying inflated 2nd hand cars from dealers, they will have no choice but to export/scrap them, furthering the process of freeing up more COE.

if buyers are really so united, everyone bid $1 COE.. see how LTA cry blood!!

 

lagi better right.. new car with $1 COE.. 2nd hand dealers at the same time suffer also..

 

yes, my alarm clock haven't ring yet..

[Roh96]

We are already into the 4 months of 2014, still no sight of coe price going down? So what the transport minister said should be lies again.

 

He never say COE price will come down, he only say supply will go up. So he didn't lie.

[TJX]

 

He never say COE price will come down, he only say supply will go up. So he didn't lie.

Doesn't matter. Whatever he says will sure kana hantam left right centre coz this is uniquely Singapore. Hahaha

[13177]

Doesn't matter. Whatever he says will sure kana hantam left right centre coz this is uniquely Singapore. Hahaha

Lol, no matter what he says still have his way to 'correct' and 'justify' lo. If not how would he be a transport minister?!

[Super7]

Got cheap things in Singapore - our PRship and Citizenship kena lelong cheap cheap to China and India immigrants, our NS boys also cheap....

 

The Great Singapore Sales??? lai ah, lai ah.....

[Edca]

I doubt the COE price to drop for the next few years cos this is impossible. They never wanted to drop the COE prices even though the supply is increasing. The only thing will drop is COE supply, hence they can maintain the COE price as high as current.

 

Edited April 8, 2014 by Edca

[Zanter]

In fact i have been to major aussie cities and some cities in europe like paris or amsterdam, i notice one thing in their cbd which our cbd dun have which is a wide lane and of course some of these cities are cyclist friendly and have their own lane for cyclist. Unlike in sg

 

Main thing, other than risking your life is that the weather here is too freaking hot!

[Zanter]

More of 2016 cos most car buyers are of middle income looking for cars and should not anger them ....

 

Exactly! If COE is 200k, existing Ministers need to find new job in private sector!