2015 May, 2nd COE Bidding Exercise

[Char]

after July sure drop more !

[Limwsv]

 

 

Agree ..we do not know how many new citizens buys cars ... Also there is no restrictions to foreigners buying cars in Singapore as well.

 

So LTA should restrict car ownership like HDB ?

 

 

 

No need. Car ownership among the non-resident population is self-restricting.

 

See the composition of non-resident, which stands at 1.688 million in 2014. https://www.reach.gov.sg/TalkAbuzz/YourFeedbackOurResponse/tabid/108/mode/3/Default.aspx?ssFormAction=%5B%5BssBlogThread_VIEW%5D%5D&tid=%5B%5B11786%5D%5D

 

I think we can safely discount the FDWs, Permit holders and even S-pass holders as source of demand for cars.

 

Only 12% of non-resident population are on employment pass which requires a monthly income of 3.3 K per month. That only generates about 200 000 non-resident with income > 3.3 K. Unfortunately, the data for the breakdown of employment pass at Q1, P2 and P1 level is not available, ie >3.3K, > 4.5K and > 8K income level.

Edited May 20, 2015 by Limwsv

[Matrix0405]

10 mins left, motorcycle COE at $1, Buy motor now.

[Penknife]

10 mins left, motorcycle COE at $1, Buy motor now.

it only spike up 1 minute before 4pm

[Ictruall]

has booked my car last weekend, given 1 bid gurantee without top up.

 

hope coe as high as possible.

wow, 1 bidG...

what make and model huh ? ............ this weekend I go showroom looksee looksee

[Coltplussport]

10 mins left, motorcycle COE at $1, Buy motor now.

 

go refresh now! $6k+

[slowloris25]

10 mins left, motorcycle COE at $1, Buy motor now.

How did $1 jump to $6k within mins?

Edited May 20, 2015 by slowloris25

[Erictl76]

wow, 1 bidG...

what make and model huh ? ............ this weekend I go showroom looksee looksee

1 bid G but they may/may not bid this round, I think.

[Coltplussport]

today's bids all comes late. Very late.

[Fastnfaster]

has booked my car last weekend, given 1 bid gurantee without top up.

 

hope coe as high as possible.

 

Congrats! What is your new ride?

[subarudreamer]

2 mins left

 

cat a: 66,540

cat b: 75,001

Edited May 20, 2015 by subarudreamer

[Penknife]

How did $1 jump to $6 within mins?

every dealer are bidding around that price

 

if every bidder bids 10% of the current market price, then everyone will huat.

 

but then, everyone know the higher the price, the higher the loan = higher commission for dealers.

 

everyone huat except buyers.

 

we can blame no one coz the buyers accepted the price. .

[robson71]

 

Congrats! What is your new ride?

 

mazda 3 soul red

[Fastnfaster]

Hope those who book at BM during CNY period got their car.

[subarudreamer]

cat a: 66,590

cat b: 75,002

cat e: 78,001

[BobbyTan_74287]

 

mazda 3 soul red

Congrats on getting your COE.

[slowloris25]

Congrats to all bros n sis here who got their coes. No turning back n enjoy ur ride soon! Cheers!

[yo2020]

 

will Cat B & E continue to go down like Cat C?

will Cat A u-turn?

 

the est COE quota frm Aug 2015 was computed in Post #407 here: http://www.mycarforum.com/topic/2696791-monthly-sharing-on-dereg-data-projected-coe-quota/page-21?do=findComment&comment=5484266

 

 

yeap... Car Cats down. more importantly, the number of bids r down...