COE Bidding – 2nd Round of December 2017

[Carbon82]

We have come to the last bidding for the year, and personally, I don't expect much changes from the last few rounds (overall revenue from this exercise shall be between $175 to $190 mil). Once again, responsible discussions is highly encouraged.   Good luck to all vested.

 

Wish all MCFers A Merry Christmas and Happy New Year.

 

 

 

 

 

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

 

Tender opens: Monday, 18 December 2017, 12 noon

Tender closes: Wednesday, 20 December 2017, 4.00 pm

Tender results: Wednesday, 20 December 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,352 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,687

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,374

Category D: Motorcycles => 514

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 246

Category E: Open Category => 531

[Junky73]

Cat A +3k

Cat B +2k

 

Its a Bacarrat Sequence

Edited December 15, 2017 by Junky73

[Passion]

Cat A +3k

Cat B +2k

 

Its a Bacarrat Sequence

same as previous. many who booked car in car show and locked in at a certain price. Hence price shouldn't fluctuate much. Jan 2018 onwards may drop, depends on how many rush in with guaranteed bid this time round. Cause with VES, COE don't drop means dealer cannot close the deal with car delivered.

[Dafansu]

VES kicks in

COE will go down

[Lmws214]

VES kicks in

COE will go down

Inside info?

[Erictan111]

Cat A:-1k

Cat B: -$500 to 1k

[Pocy]

LTA 發 發 發!!!

[Corgi_jen]

Probably will increase a little.

- People rushing to buy before VES kicks in

- COE zero growth in February

 

However, cars are big ticket items that not everyone can just say BUY then go out and buy, so probably still not much increase.

[Scion]

predicting COE (A) to close the year below 40k

[JQ01]

predicting COE (A) to close the year below 40k

I thought many say Jan18 then crash?

 

Cat. A: $41k

Cat. B: $54K

 

Really, just random guess here...

[Ct3833]

Inside info?

Inside singapore info.

[M2469]

predicting COE (A) to close the year below 40k

Think so too as unsuccessful bids from Nov 1.7k, 1k & most recently > 500, back to b4 car expo surge.. Probably not much new orders to fullfill..

[Renegade777]

VES kicks in

COE will go down

 

I also believe COE will go down but car price may remains because of the increase of prices due to VES. Somebody win win situation, COE up or down also win.

Edited December 15, 2017 by Renegade777

[Ct3833]

VES will take effect in Jan, car prices of those affected will increase but COE will drop slightly, those who are buying cars that are not affected by VES will pay slightly lesser overall. So COE price should drop.

Edited December 15, 2017 by Ct3833

[Wt_know]

Buyers die die must buy kicks in

COE will goes up just like when LTA introduce CEVS ...

 

VES kicks in

COE will go down

Edited December 16, 2017 by Wt_know

[Victor68]

last shot and i hope those waiting will get theirs. whether it is coming down next year, my answer is... tot car price going up. 

[Lec5000]

Showrooms are still quiet over the weekend. Expect many cars to be scrapped next year. Think the zero growth factor wont affect much on market sentiment. Most dealers still have yr end target to be met. Expect both cat to be about the same again this round before the fall in jan.

[Showster]

last shot and i hope those waiting will get theirs. whether it is coming down next year, my answer is... tot car price going up.

One possible impact is driving many buyers to resale market to renew COE.

 

If most car prices increase because of emission but COE levels sustain or drop, the differential between new and old car will increase.

 

It may justify further the purchase and renewal of old cars, and reduce the number of COEs returned to the system.