Jump to content

COE Bidding – 1st Round of August 2016


Carbon82
 Share

Recommended Posts

29dv3p4.png

 

2uyg8d3.png

 

2z4i7nd.png

 

The details of the August 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 1 August 2016, 12 noon

Tender closes: Wednesday, 3 August 2016, 4.00 pm

Tender results: Wednesday, 3 August 2016 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,363 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,018

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,336

Category D: Motorcycles => 403

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 177

Category E: Open Category => 429

↡ Advertisement
  • Praise 14
Link to post
Share on other sites

Though there r many negative news recently but the premium will still increase, specially when the quota is cut by 10%

 

+2k each cat

  • Praise 4
Link to post
Share on other sites

(edited)

I need to buy a car so i hope it drops. 45k Cat A 50k Cat B

No need to hope one ... just walk into any of the (major) ADs. The rebate level for their guaranteed COE cars will usually point toward the likely successful bid price for the next exercise.

 

Look at C&C, BM, PML, KM, TCM and KMPL, and then average the 6 rebate levels for each Cat.

And then add another $4-5K to that average number.

 

QED!! :D

Edited by merc280v6
  • Praise 2
Link to post
Share on other sites

Turbocharged

Whatever the price, unlikely for Cat A,B to smell figures starting with 4 for the rest of this year.

 

Why?

 

~Reduced quota

~Lots of backlog orders

~Lots of stocks artiving in Aug, Sep, so COE must be secured

~Many cars due to scrap, owners are buying

~Pressure to buy as quota expected to be further reduced as many are renewing COE

~More first time buyers entering the Mkt with relaxed loan ruling

  • Praise 1
Link to post
Share on other sites

(edited)

This 1st round of August bids will still see the price going up inspires of 7th month whatsoever. 

 

My prediction for this round would be ups by 1 to 2K for all CATs:

 

CAT A : 54,300

CAT B : 59,500

CAT E : 60,500

 

What I've hearsay that the COE for CAT A & B would likely be targeted at 60K & 65K respectively towards the end of the year.

 

 

 

 

 

 

Edited by AltisOwner
  • Praise 1
Link to post
Share on other sites

(edited)

Whatever the price, unlikely for Cat A,B to smell figures starting with 4 for the rest of this year.

 

Why?

 

~Reduced quota

~Lots of backlog orders

~Lots of stocks artiving in Aug, Sep, so COE must be secured

~Many cars due to scrap, owners are buying

~Pressure to buy as quota expected to be further reduced as many are renewing COE

~More first time buyers entering the Mkt with relaxed loan ruling

Yes. People always (want to) look at the expected wave of de-registrations from 10-year old cars that they hope/think will replenish the quota supply

 

Well, the garmen had just addressed that, by cutting back quotas instead :D

 

But what's MORE IMPORTANT ... AND MANY FORGET, is that these same people who are scrapping their 10-yr old cars, are those that will be fighting to get their new replacement cars!

 

This, on top of the new expats, PRs and citizens - rental, or private cars, notwithstanding!

Edited by merc280v6
  • Praise 2
Link to post
Share on other sites

Hypersonic

where is yoyo and mr lim?

i need to see their charts before i can decide to make a move ...

I think limxxx still trying to figure out the factors like easing of loan, pte hire cars, lower quotas for Aug-Oct, and etc. Give him some time leh ..... may be he will PM whoever on request. Heehee .. hee ...
  • Praise 2
Link to post
Share on other sites

Doesn't matter whether up or down if chasing for the lowest. Just base on past few years history, the lowest coe  will typically be at end or early of each year. Each year to year,  COE drop is 15 +/- 5k. do our math you would roughly know roughly know how low it can be.

 

 

where is yoyo and mr lim?
i need to see their charts before i can decide to make a move ...

 

  • Praise 1
Link to post
Share on other sites

Hypersonic

Doesn't matter whether up or down if chasing for the lowest. Just base on past few years history, the lowest coe will typically be at end or early of each year. Each year to year, COE drop is 15 +/- 5k. do our math you would roughly know roughly know how low it can be.

The lows for 2016 seem to be in Feb when cat B fell to $38K. 2017 ??
↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...