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COE Bidding – 1st Round of August 2020

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Hypersonic

[flowerface]Community Service brought to you by MCF[flowerface]

2 useful links for our dear MCFers:
Real Time COE Bidding Results
Check Your COE Bidding Status

[sunny]Good Luck to all vested![sunny]

Past Bidding Results (2001 - 2018)

 

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Past Bidding Results (2019 - 2020)

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Trend Chart (May 2018 - Jul 2020) *chart taken from www.sgcarmart.com

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PQP (2010 - 2015)

 

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PQP (2016 - 2020)

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The details of the August 2020 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 3 August 2020, 12 noon
Tender closes: Wednesday, 5 August 2020, 4.00 pm
Tender results: Wednesday, 5 August 2020
 (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 3,287 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:
Category A : Cars (up to 1600cc & 97kW (130bhp)) => 1,022
Category B : Cars (above 1600cc or 97kW (130bhp)) => 932
Category D : Motorcycles => 503

TRANSFERABLE CATEGORIES:
Category C : Goods Vehicles and Buses => 358
Category E : Open Category => 472

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5th Gear

Come come come! Up or down? Lai Lai Lai! Buy big(up) $1 pay $2. Buy small(down) $1 pay $0.50. 

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1st Gear
1 hour ago, Passion said:

Come come come! Up or down? Lai Lai Lai! Buy big(up) $1 pay $2. Buy small(down) $1 pay $0.50. 

Come come, I buy big. (Hedging! :p)

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Clutched
3 hours ago, SedanFTW said:

Come come, I buy big. (Hedging! :p)

I also buy Up. 🙂

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5th Gear

Hahaha! Don’t like that leh. A lot of ppl will be upset leh. I also upset leh. Hahaha

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2nd Gear

First bidding round with reduced quota (as compared to last 2 rounds), so I say UP.

Subsequent rounds, with same quota as this upcoming round, I say DOWN, unless vaccine successful 😊

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Twincharged

I think it will go down this time.  And it will be a downtrend until either a vaccine is up or retrenchment slow.

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1st Gear

I think that Cat A will be slightly lower by 1-2k, Cat B will hold.

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Supersonic
4 hours ago, Philipkee said:

I think it will go down this time.  And it will be a downtrend until either a vaccine is up or retrenchment slow.

So many retrenchment is coming, coe should go down. Cause not possible there are still many people buying car at this time?! 

  • Shocked 1

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Clutched
14 minutes ago, 13177 said:

So many retrenchment is coming, coe should go down. Cause not possible there are still many people buying car at this time?! 

You will be surprised 😅

 

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  • Haha! 1

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6th Gear
22 minutes ago, 13177 said:

So many retrenchment is coming, coe should go down. Cause not possible there are still many people buying car at this time?! 

There will always be a crowd of ppl who have been holding back for the "right time"... recession to them is a right time.

Only problem is if they all dive in at the same time it becomes the wrong time... likely we are still seeing this effect 😅

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Clutched

My thought is that the recession is currently hitting mainly the tourism, entertainment and F&B. Majority of our workforce in banking & finance, manufacturing and civil services are still holding well. Unemployment rate is at 2.4%. Although there is still an uncertain time... to some people that is still holding a job, car is a necessity / essential as commented in one report.

Based on the last 2 rounds of bid in July, there are obviously a demand.... probably due to the promotion that car dealers are throwing in. You can even own a car just by paying interest only for the first 2 years. Car dealers throwing in zero downpayment. As @yishunitementioned, some people will feel this is the best time to buy and with some of the above baits... not surprised that people is jumping or have jumped in.

I believe there are still backlog accumulated during the CB period.... some of those buyers will top up for guaranteed COE. This effect at least hold on the current COE price or causing a slight increase in prices. 

We shall see on coming Wednesday..... Hopefully, I am wrong.

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6th Gear
3 minutes ago, RF7 said:

My thought is that the recession is currently hitting mainly the tourism, entertainment and F&B. Majority of our workforce in banking & finance, manufacturing and civil services are still holding well. Unemployment rate is at 2.4%. Although there is still an uncertain time... to some people that is still holding a job, car is a necessity / essential as commented in one report.

Based on the last 2 rounds of bid in July, there are obviously a demand.... probably due to the promotion that car dealers are throwing in. You can even own a car just by paying interest only for the first 2 years. Car dealers throwing in zero downpayment. As @yishunitementioned, some people will feel this is the best time to buy and with some of the above baits... not surprised that people is jumping or have jumped in.

I believe there are still backlog accumulated during the CB period.... some of those buyers will top up for guaranteed COE. This effect at least hold on the current COE price or causing a slight increase in prices. 

We shall see on coming Wednesday..... Hopefully, I am wrong.

Sad to say... you may be right...

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Supersonic
2 hours ago, 13177 said:

So many retrenchment is coming, coe should go down. Cause not possible there are still many people buying car at this time?! 

Buy to drive as PHV lor.... Must make a living. 

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1st Gear
6 hours ago, 13177 said:

So many retrenchment is coming, coe should go down. Cause not possible there are still many people buying car at this time?! 

You go see showrooms, still full and test drives aplenty despite CB promotions gone. Many people still have yet to even have a chance to bid. Up, up, up and awayyyyyyyy! 

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Hypersonic

This recession is the perfect storm - all the thunder and lightning but no rain.

Until the rain comes and people take out their umbrella 

then we will see less people buying cars.

If not I also say now is the best time to

:grin:

Buy buy buy bye bye

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