COE Bidding – 2nd Round of October 2017

[Carbon82]

Ahem, this thread is created for friendly discussion / chat about COE (and related matters). For anything else, kindly go to this thread or this one, to air your view (special thanks to @ct3833 for the wonderful initiative). Thanks in advance for your attention and look forward to your fullest cooperation.

 

Have a nice weekend, and also good luck to those vested.  [flowerface]

 

 

 

 

The details of the October 2017 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 16 October 2017, 12 noon

Tender closes: Thursday, 19 October 2017, 4.00 pm

Tender results: Thursday, 19 October 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,565 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,815

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,285

Category D: Motorcycles => 478

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 445

Category E: Open Category => 542

Edited October 13, 2017 by Carbon82

[GerryChua]

Hi, next COE should closed on the 19th Oct instead of 18th (Deepavali)

[Kurty]

3rd bid and i pray hard, i dont wish to get my coe anymore.. 

 

fall in love with my current car again.

[andrewyewkc]

Cat A: $40,000

Cat B: $46,000

 

Should be falling trend?

[Jamesc]

3rd bid and i pray hard, i dont wish to get my coe anymore..

 

fall in love with my current car again.

So you want me to mess up the COE to go high?

 

 

[Kia7200]

Tiagong some cars price already affected by the ves, thus se n buyers should be bidding like mad

[Elepoo]

Cat A: 43k

Cat B: 50k

[Victor68]

I think down by $1k for cat A, b and open. market weak

[Kurty]

So you want me to mess up the COE to go high?

 

 

[Akula]

As a typical Singaporean, hoping Cat B to maintain or end up higher since I am on 1 bid guaranteed.

Realistically, should trend down for both Cats since demand is not strong. Perhaps by $1-2K

[Sdf4786k]

yeah. Most likely moderated downwards by 3 to 5 K.

 

Most likely will cut off at COE rebate level.

 

 

[Jwee85]

I believe

 

Cat.A = $36,888

Cat.B = $46,888

 

All soften because really lose demand due to retrenchment fear.

[Dafansu]

Tiagong some cars price already affected by the ves, thus se n buyers should be bidding like mad

Dealers will only spread fear so that more will commit.

[Ysc3]

Hi, next COE should closed on the 19th Oct instead of 18th (Deepavali)

no wonder I see the date I thought TS got the date wrong ...

[Pocy]

[Kia7200]

If the ves really increased all car price by 10k +-, coe drop 10k also same la

[Doppel]

If the ves really increased all car price by 10k +-, coe drop 10k also same la

COE premium is determined by the marginal buyer.

 

Vehicles which still have VES rebate in 2018 would be more competitive, and hence AD should be able to bid higher for COE.

 

i.e., 黄小琥，没那么简单。

[Ct3833]

Looking at Carbon's table, the price trend is declining. The market seems fairly weak as well.

SPH is accelerating cost take out, more people will lose their jobs earlier.

SIA Engineering is looking into sheding its huge labour expense to improve their margin, their employees can see the axe coming. I dont see how COE price can go up unless government chut pattern again.

My guess is cat A will be around 38k, Cat B around 47k.