Carbon82 Moderator July 30, 2016 Share July 30, 2016 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 14 Link to post Share on other sites More sharing options...
merc280v6 6th Gear July 30, 2016 Share July 30, 2016 My prediction for Aug 1st bidding: Cat A: $55,000 +/- $1K Cat B: $60,000 +/- $1K 3 Link to post Share on other sites More sharing options...
milynot 1st Gear July 30, 2016 Share July 30, 2016 COE close on 1st day of Lunar 7th month. Bet that it will go down. Probably not much. 3 Link to post Share on other sites More sharing options...
Kia7200 5th Gear July 30, 2016 Share July 30, 2016 Though there r many negative news recently but the premium will still increase, specially when the quota is cut by 10% +2k each cat 4 Link to post Share on other sites More sharing options...
uniquely_ad 5th Gear July 30, 2016 Share July 30, 2016 Cat B wont likely to hit 60k yet probably will hover at 59k range Cat A will be at 55k due to the cut for quota n market uncertainty 3 Link to post Share on other sites More sharing options...
Pocy Hypersonic July 30, 2016 Share July 30, 2016 Up or down, hope all MCF will get their COEs this bidding. Cheers! 4 Link to post Share on other sites More sharing options...
Wester86 1st Gear July 30, 2016 Share July 30, 2016 I need to buy a car so i hope it drops. 45k Cat A 50k Cat B 2 Link to post Share on other sites More sharing options...
merc280v6 6th Gear July 30, 2016 Share July 30, 2016 (edited) I need to buy a car so i hope it drops. 45k Cat A 50k Cat BNo 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!! Edited July 30, 2016 by merc280v6 2 Link to post Share on other sites More sharing options...
Audi2016 5th Gear July 30, 2016 Share July 30, 2016 3 Link to post Share on other sites More sharing options...
Vinceng Turbocharged July 30, 2016 Share July 30, 2016 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 1 Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear July 30, 2016 Share July 30, 2016 BM drop price. -2K for CAT B CAT. 2 Link to post Share on other sites More sharing options...
AltisOwner Turbocharged July 30, 2016 Share July 30, 2016 (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 July 30, 2016 by AltisOwner 1 Link to post Share on other sites More sharing options...
Ahbengdriver 6th Gear July 30, 2016 Share July 30, 2016 up more than down lah. go back to $70k is the best, thats the sweet spot. 2 Link to post Share on other sites More sharing options...
merc280v6 6th Gear July 30, 2016 Share July 30, 2016 (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 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 July 30, 2016 by merc280v6 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 30, 2016 Share July 30, 2016 where is yoyo and mr lim? i need to see their charts before i can decide to make a move ... 2 Link to post Share on other sites More sharing options...
Pocy Hypersonic July 30, 2016 Share July 30, 2016 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 ... 2 Link to post Share on other sites More sharing options...
Axela72 5th Gear July 30, 2016 Share July 30, 2016 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 ... 1 Link to post Share on other sites More sharing options...
Pocy Hypersonic July 30, 2016 Share July 30, 2016 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 More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
Sell by bidding - BEST price from 500 car dealers in 1 day
Sell by bidding - BEST price from 500 car dealers in 1 day
2024 COE trend..
2024 COE trend..
Never Gonna Parliament - a COE/car market restructuring plan idea
Never Gonna Parliament - a COE/car market restructuring plan idea
2016 Mercedes E-class (W213)
2016 Mercedes E-class (W213)
COE Bidding - December 2023
COE Bidding - December 2023