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RickWong

Fewer COEs for next three months starting from February

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The Land Transport Authority has announced that there will be fewer certificates of entitlement for the next three months starting from February.

There will be fewer certificates of entitlement (COE) for the next three months starting from February.

 

The Land Transport Authority (LTA) said the supply of Category A COEs, which are for cars up to 1,600cc, will shrink by 9.1% to 3,300 a month. Category B (cars above 1,600cc) will have 2.9% fewer certificates at 2,471 a month. There will be 26.4% fewer open category COEs, which are for all vehicles except motorcycles, at 784 a month.

 

Commercial vehicle buyers and sellers will have 25.2% fewer COEs at 1,651 per month. And motorcyclists will see a 7.6% dip in their COE supply to 608 pieces a month. In total, the supply is 12.9% smaller than the November-January quota.

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Why u wanna spam when got lotsa COE thread oredi? Trying to drive fear for buyer? No motorshows but quota is same as 3Q18 when COE dip from 34k to 25k

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Why u wanna spam when got lotsa COE thread oredi? Trying to drive fear for buyer? No motorshows but quota is same as 3Q18 when COE dip from 34k to 25k

i click it came out 2 post when it load.... Edited by RickWong

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The Land Transport Authority has announced that there will be fewer certificates of entitlement for the next three months starting from February.

There will be fewer certificates of entitlement (COE) for the next three months starting from February.

 

The Land Transport Authority (LTA) said the supply of Category A COEs, which are for cars up to 1,600cc, will shrink by 9.1% to 3,300 a month. Category B (cars above 1,600cc) will have 2.9% fewer certificates at 2,471 a month. There will be 26.4% fewer open category COEs, which are for all vehicles except motorcycles, at 784 a month.

 

Commercial vehicle buyers and sellers will have 25.2% fewer COEs at 1,651 per month. And motorcyclists will see a 7.6% dip in their COE supply to 608 pieces a month. In total, the supply is 12.9% smaller than the November-January quota.

Yeah! Economy growth will be 2%.

More Jobs cut and fewer jobs available.

Economy environment has become very hostile.

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.

Some may have scrap their cars earlier and their coes will have gone back into the market, thus spreading out the supply so prices may not spike as much.
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Majority of those who bought during the 2013 peak had already scrapped their cars.

 

Hence, the COE supply will come down quite fast from 2020 to 2024 before expanding again.

 

In fact, the cyclic prices of 2019-2028 might be even worse than the previous 2009-2018 cycle if demand is held constant.

 

Usually, I guess the COE biddings for fun but the above trend is quite a firm projection.

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Many people also extend their COEs for 5 years recently.

That should also be factored in the next few years.

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.

So sure... Do you know the economy condition......

Singapore economy is slowing down less than 2%. Hey day is over.

Better worry jobs unless you have silver spoon.

Majority of those who bought during the 2013 peak had already scrapped their cars.

 

Hence, the COE supply will come down quite fast from 2020 to 2024 before expanding again.

 

In fact, the cyclic prices of 2019-2028 might be even worse than the previous 2009-2018 cycle if demand is held constant.

 

Usually, I guess the COE biddings for fun but the above trend is quite a firm projection.

At the same time, Singapore economy is coming down very fast.

Common Singaporean is getting smarter. Car ownership could be secondarly. House ownership is more important.

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Don't worry too much that COE prices will spike.

 

Car buyers are now used to $30K (or lower) COE.

 

If COE spikes far beyond $30K, the buying will slow down significantly.

 

Car distributors will then bid lower to attract the crowd and COE prices will fall back to current sub $30K levels.

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So sure... Do you know the economy condition......

Singapore economy is slowing down less than 2%. Hey day is over.

Better worry jobs unless you have silver spoon.

At the same time, Singapore economy is coming down very fast.

Common Singaporean is getting smarter. Car ownership could be secondarly. House ownership is more important.

 

Sadly car ownership has been the first aim of the younger generation.

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Sadly car ownership has been the first aim of the younger generation.

I do not think so. Unless, he or she from well to do family.

By the way, GPSS ERP is coming.

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There's an article in ST today. Head of sales of Nissan commented that in his experience pre-CNY period demand is typically weak!

 

Counter intuitive?

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Now many young gen getting used to grab service. Screen time More important than eyes on road grab steering wheel.

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Many people also extend their COEs for 5 years recently.

That should also be factored in the next few years.

I will join this family soon also.

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I do not think so. Unless, he or she from well to do family.

By the way, GPSS ERP is coming.

But based on the people i know. Mostly have a car before getting a property and i'm one of them.

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One day COE will be irrelevant.

 

With satellite COE every inch you drive you will pay and car parks will be very expensive like Hong Kong.

 

So every one can buy a car just cannot afford to drive or park it.

 

:D

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