COE 1st/2nd ROUND - SEPT 2013

[Scholesy]

sigh.....why chase???

[Matrix0405]

hard truth = http://www.singaporebudget.gov.sg/budget_2...ex.html#rev_est

 

2012 COE quota premium collected = S$2,435,800,000!!!

 

u thk they want to drop that? hAHHAHAaaa

 

of which prob >50% of that is bank loans... so banks huat n garmen huat!!!

 

If 2013 can break $2.4B, the Ceo of LTA should be rewarded with $2.4M bonus for exceeding target. Very Few listed co. can match them.

 

[Damon-_-]

Base on the Singapore Budget 2013 qouta premium collected more money than taxes itself. Its like slap to your face left and right asking you which is harder :)

What should COE be based on:

 

1) "Social Equity"

2) "How deep is your pocket"

3) "What type of cars you are buying"

[Chucky2007]

Ah Lui already say 2 months ago to wait till next year, which means wait until they announce Feb14 onwards COE...

 

But everyone rushing in like COE gonna hit 200k... Seriously, now Coe already 80k.. potentially limited upside.. like when STI is 3500 points.. every one scared it will hit above historical high of 3800 points and missed the boat..

[Gendut]

as long it stays above 75K, likely hit 100K soon, then followed by 120K lol

 

since COE mkt is worth billions, y doesnt SGX create COE derivative? sure many many will buy to hedge mah lol

 

I have previously suggested a COE futures market. Treat it like any consumable commodity.

 

This will dampen the peaks and throughs.

[Ungtiong]

now u all know why can afford to build so many MRT new MRT lines...even one to KL!!!

 

Anyway its better than taxing the all people..

 

almost everybody in this forum dont even consider a slow car anymore...cars has gone beyond need and into luxury/sporty range. With more turbo cars coming up, the previously unattainable (cheaply and legally) is almost in their graps.....

 

Gov should mass import cheap cars (like what taxis companies do, unlike BM that import so many Vios and Altis and still sell them as premium!!!!) and cater 70% of the allocated COE to this range. This will make ppl happy owning a car. Those that want faster, bigger and more luxurious cars should then pay for it as its want, not a "need".

[Penknife]

its pretty obvious. when there's a demand, with no change in supply, expect an increase in price

 

people shouldn't blame the government. in fact, high COE prices are because of the buyer's dream of owning one

 

now, with the change of policy, people who are sitting on the fence has been forced to make a choice

[Yhn]

it was Cat B , before the announcement by Transport Minister

 

"retain the existing engine capacity criterion for Category A (1,600 cc or less) but will include an additional criterion limiting engine power to 130 brake horsepower (bhp), or 97 kilowatts."

[Roh96]

Ah Lui already say 2 months ago to wait till next year, which means wait until they announce Feb14 onwards COE...

 

But everyone rushing in like COE gonna hit 200k... Seriously, now Coe already 80k.. potentially limited upside.. like when STI is 3500 points.. every one scared it will hit above historical high of 3800 points and missed the boat..

 

Yes, COE is already 80K. The situation is already very bad, how worse can it get? I don't get why everyone is rushing in now, thinking 80K is a steal.

[Si4dr]

hard truth = http://www.singaporebudget.gov.sg/budget_2...ex.html#rev_est

 

2012 COE quota premium collected = S$2,435,800,000!!!

 

u thk they want to drop that? hAHHAHAaaa

 

of which prob >50% of that is bank loans... so banks huat n garmen huat!!!

 

Aiyo...they tell us many time already......COE is not to made $ one... but peasant like me forever will not understand

 

 

[Duckduck]

Aiyo...they tell us many time already......COE is not to made $ one... but peasant like me forever will not understand

 

i wonder wat does 5BN of Other Taxes consist of??

[Yuan]

Yes, COE is already 80K. The situation is already very bad, how worse can it get? I don't get why everyone is rushing in now, thinking 80K is a steal.

 

Like I mentioned before, it is a knee jerk reaction.

 

 

[Maxus-MIFA9]

Till now, very slow movement ....

 

 

A CAR (1600CC & BELOW) 1 370 8

 

B CAR (ABOVE 1600CC) 1 377 13

 

C GOODS VEHICLE & BUS 1 263 1

 

D MOTORCYCLE 1 523 85

 

E OPEN 1 261 4

 

 

[Darryn]

I received a sms message yesterday from BM, SE asking me whether I wanted to change my Picnic since it left with 2-1/2 yrs.......

 

The message stated that the COE going to increase further ....

 

I was just , even the next 7 ~8 seaters I am looking for is either Previa or Alphard and both above S$220k .....

 

I also thinking Previa - but cannot pay $220k.....and don't want to either...

 

Otherwise, maybe have to go back to a 5 seat wagon - like the Optra Estate.

 

Wait n see - I still got just a little under three years.

 

[Darryn]

OK...all set with my popcorn today.

 

9 Biddings between now and when the changes kick in...my prediction - Cat B UP - (People will rush to buy before more competition in Feb) Cat A also UP (AD rushing to fulfil orders before reclassified)

 

Both Cat will cross $90k today.

 

[Maxus-MIFA9]

OK...all set with my popcorn today.

 

9 Biddings between now and when the changes kick in...my prediction - Cat B UP - (People will rush to buy before more competition in Feb) Cat A also UP (AD rushing to fulfil orders before reclassified)

 

Both Cat will cross $90k today.

 

With last weekends crowd at show rooms, might cross $100k today ....

[Duckduck]

With last weekends crowd at show rooms, might cross $100k today ....

 

 

QE is goot for health. AHAHAA

[Hexxor]

likely end up 85k.... will not break 100k

coz AD will try to spread out the bids, since they have 4-6 bids to play with.....

 

reason being they want to carrot buyers to TOP up to sell open cat COE that they already have on hand