2016 May, 1st COE Bidding Exercise

[Char]

Do you know about their plans in 2017, 2018, .... If can make decent margin, they may continue to expand and also other entries into the market. Business ....

Another time bomb just don't know when want to bomb ... COMFORT DELGRO will be next into private hire ? If this really happen siao liao lo !

[Vwguy77]

Anyone go to show room this two days ? How is the traffic ?

 

I went to a couple of showrooms last weekend and I noticed its less crowded than before. I think people are expecting the price to drop and hence see no point of signing on the dot except being beri boh bian. 

[Char]

I went to a couple of showrooms last weekend and I noticed its less crowded than before. I think people are expecting the price to drop and hence see no point of signing on the dot except being beri boh bian. 

Hopefuuly COE price will drop ... I notice that Ubor like to bid in the last 5 minutes where they see COE price still within their budget , just like CAT E sudden jump from $47500 to $49000 within 1-2 minutes before end .

[bronzy]

I went to a couple of showrooms last weekend and I noticed its less crowded than before. I think people are expecting the price to drop and hence see no point of signing on the dot except being beri boh bian. 

 

Actually it's not about whether many people sign or not. It's more about the COE rebate levels they sign the deal at. If most ppl sign guaranteed packages with high COE rebate, you can expect COE to stay high even if the demand drops. 

Edited May 10, 2016 by bronzy

[Runforyourlife]

why are u all complaining? lol. this is singapore lei, u expect all of us to help each other to achieve the lowest cost?

 

just look at the general elections, every man for himself lol

[Baal]

Previously up to end 2009, coe was <20k.  Many of these, even if salary increased, have difficulty on DP.

 

if they come in progressively & renew 5 years for their Vios, Lancer EX, Bengcer, Avante, Swift, Jazz.  There is strong push factor away from PT.

[Carstar]

To some people they still find that

Coe price is high, but not uber. What they plan to do is keep buying new cars this 2years and rent it out for the time being. And when the coe price starts to shoot up in 1 to 2 years time they going to sell it in the 2nd hand market for a profit.

[Edwardmar]

last car show@expo, i offer subaru $122000 of outback, they didnt want to sell, then i turned to tucson $119999. and very lucky got the coe at first bidding.

You looking at Forester is it?

[Char]

To some people they still find that

Coe price is high, but not uber. What they plan to do is keep buying new cars this 2years and rent it out for the time being. And when the coe price starts to shoot up in 1 to 2 years time they going to sell it in the 2nd hand market for a profit.

Now buy car also can earn money from it ! Shall follow this big company ? Bottom liao ?

This Ubor worth $50b and can easily buy up all the COE ! Very clever now rent out first and sell for profit later ! Btw , can company registered sell to private meh ?

Edited May 10, 2016 by Char

[BenTong]

last car show@expo, i offer subaru $122000 of outback, they didnt want to sell, then i turned to tucson $119999. and very lucky got the coe at first bidding.

Great bro.. congrats

[rickosw]

Hopefuuly COE price will drop ... I notice that Ubor like to bid in the last 5 minutes where they see COE price still within their budget , just like CAT E sudden jump from $47500 to $49000 within 1-2 minutes before end .

 

confirm we are able to see who the last bidders are?

so who else like to bid at the very last min?

how to see?

 

thanks

[Char]

confirm we are able to see who the last bidders are?

so who else like to bid at the very last min?

how to see?

 

thanks

From last 3 rounds of bidding all got this pattern like last minute submit huge bids and previously never see like this . April first bidding CAT E causing 200+ unused quota and April second bidding causing CAT B 80+ unused quota .

confirm we are able to see who the last bidders are?

so who else like to bid at the very last min?

how to see?

 

thanks

From last 3 rounds of bidding all got this pattern like last minute submit huge bids and previously never see like this . April first bidding CAT E causing 200+ unused quota and April second bidding causing CAT B 80+ unused quota .

[Carbon82]

To me, it is not just about bid price or how high the COE premium will become. It is more about a potential market shift. High COE/car price and the 50% downpayment rule are starting to "force" those that need a car but cannot fulfill the requirement to turn to car leasing, car rental or car sharing and Uber/Grab, which these are run by business operators with stronger financial backing. They will become the driving force in times to come, providing support for high COE premium. And the worst would be users getting use to it, and only the richer indivdual buyer can continue to afford a personal transport.

 

My thought is not a far stretch if you look at what happened during SARS period in 2003. Remember the massive quarantine at Pasir Panjang wholesale centre, that eventually force some stalls to close, lesser people get their fresh vegie supply from wet market, but turn to hypermart such as NTUC, Giant, Prime, etc. Even after the SARS are gone, there are noticeably lesser patron to the wet market (although the price maybe cheaper, more variety, etc.). And now, how many has have hear your mum / wife / neighbour complaining that the price at wet market is no longer comprtitive or cheaper than hypermart?

 

My point is: Uber / Grab may be just bidding for 2% of the total COE allocation, but as long as there are demand (high likely), the number will grow, and if you add in all bids from other business owner (be it car leasing, rental firm, car sharing, etc.), I can assure you, it will be much more than just a tiny 2%.  

[rickosw]

To me, it is not just about bid price or how high the COE premium will become. It is more about a potential market shift. High COE/car price and the 50% downpayment rule are starting to "force" those that need a car but cannot fulfill the requirement to turn to car leasing, car rental or car sharing and Uber/Grab, which these are run by business operators with stronger financial backing. They will become the driving force in times to come, providing support for high COE premium. And the worst would be users getting use to it, and only the richer indivdual buyer can continue to afford a personal transport.

 

My thought is not a far stretch if you look at what happened during SARS period in 2003. Remember the massive quarantine at Pasir Panjang wholesale centre, that eventually force some stalls to close, lesser people get their fresh vegie supply from wet market, but turn to hypermart such as NTUC, Giant, Prime, etc. Even after the SARS are gone, there are noticeably lesser patron to the wet market (although the price maybe cheaper, more variety, etc.). And now, how many has have hear your mum / wife / neighbour complaining that the price at wet market is no longer comprtitive or cheaper than hypermart?

 

My point is: Uber / Grab may be just bidding for 2% of the total COE allocation, but as long as there are demand (high likely), the number will grow, and if you add in all bids from other business owner (be it car leasing, rental firm, car sharing, etc.), I can assure you, it will be much more than just a tiny 2%.  

 

thanks for your views, makes sense

just curious, does anyone know / can gues / estimate how many "lease cars"

 / rental cars running in SG roads

 

cheers

[Coltplussport]

To me, it is not just about bid price or how high the COE premium will become. It is more about a potential market shift. High COE/car price and the 50% downpayment rule are starting to "force" those that need a car but cannot fulfill the requirement to turn to car leasing, car rental or car sharing and Uber/Grab, which these are run by business operators with stronger financial backing. They will become the driving force in times to come, providing support for high COE premium. And the worst would be users getting use to it, and only the richer indivdual buyer can continue to afford a personal transport.

 

My thought is not a far stretch if you look at what happened during SARS period in 2003. Remember the massive quarantine at Pasir Panjang wholesale centre, that eventually force some stalls to close, lesser people get their fresh vegie supply from wet market, but turn to hypermart such as NTUC, Giant, Prime, etc. Even after the SARS are gone, there are noticeably lesser patron to the wet market (although the price maybe cheaper, more variety, etc.). And now, how many has have hear your mum / wife / neighbour complaining that the price at wet market is no longer comprtitive or cheaper than hypermart?

 

My point is: Uber / Grab may be just bidding for 2% of the total COE allocation, but as long as there are demand (high likely), the number will grow, and if you add in all bids from other business owner (be it car leasing, rental firm, car sharing, etc.), I can assure you, it will be much more than just a tiny 2%.

But if there are more uber and grab which are part of public transportation, wouldnt the need for car similarly decreases?

 

Since more cars are on the road at any given time(because of car sharing, renting and uber), if the quota remain unchanged, wouldn't our road become more jam?

 

When our road become more jam pack, erp will rise, and worse still, government might claw back or restrict growth on car population.

[Carstar]

But for the 40% and 50% downpayment rules doesn't really matters what, don't tell me no one knows most PI offering new car with in house loan where u can just dp 10%.

[Char]

But if there are more uber and grab which are part of public transportation, wouldnt the need for car similarly decreases?

 

Since more cars are on the road at any given time(because of car sharing, renting and uber), if the quota remain unchanged, wouldn't our road become more jam?

 

When our road become more jam pack, erp will rise, and worse still, government might claw back or restrict growth on car population.

That's why I did mentioned before car lite become car heavy as more Private hire cars on the road will cause more congestion although quota remain or even shrink .

[Runforyourlife]

But if there are more uber and grab which are part of public transportation, wouldnt the need for car similarly decreases?

 

Since more cars are on the road at any given time(because of car sharing, renting and uber), if the quota remain unchanged, wouldn't our road become more jam?

 

When our road become more jam pack, erp will rise, and worse still, government might claw back or restrict growth on car population.

 

sinkie kill sinkie. see who die first. those whom biting the bullet first to go.