COE Bidding – April 2021

[Invigorated]

1 hour ago, Twich said:

@Ho2786 new S Class is coming. So, Cat B will go up.  Basically, Cat A buyers are more budget cautious.

Whatever go up, it will come down. I have waited 2 years. And  I bought my SX Cerato at 88K in 2018.

If you are budget tight, don't chong. Especially, Cat B.

The big question is, how many Cat B buyers are budget tight? Just look at the 10% increase in one bid. When Tesla comes later this year, we may see some movement there too.

[awhtc]

Most COE prices climb on expected quota cut

Both car premiums are at highest levels since 2017; commercial vehicle COE bucks trend

https://www.straitstimes.com/singapore/transport/most-coe-prices-climb-on-expected-quota-cut

[BobbyTan_74287]

On 4/8/2021 at 3:06 PM, Owen_fan said:

I got my cat A COE - first bid.

Congratulations!!!

[awhtc]

More interest in used cars showrooms | Video

11 Apr 2021 11:16PM

Used car dealers are seeing more interest from prospective buyers, with COE premiums now at their highest since late 2017. And those in the industry are expecting the premiums to climb even higher in the coming months. Neo Rong Wei with more.

https://www.channelnewsasia.com/news/singapore/more-interest-in-used-cars-showrooms-video-14602276

 

[13177]

5 hours ago, awhtc said:

More interest in used cars showrooms | Video

11 Apr 2021 11:16PM

Used car dealers are seeing more interest from prospective buyers, with COE premiums now at their highest since late 2017. And those in the industry are expecting the premiums to climb even higher in the coming months. Neo Rong Wei with more.

https://www.channelnewsasia.com/news/singapore/more-interest-in-used-cars-showrooms-video-14602276

 

The current COE still not consider high yet, it simply just go back to COE level in 2016.

[RadX]

1 minute ago, 13177 said:

The current COE still not consider high yet, it simply just go back to COE level in 2016.

no la...2012.....$88k COE wohooooo bring it on baby

[Jamesc]

I very busy now.

6 hours ago, awhtc said:

More interest in used cars showrooms | Video

11 Apr 2021 11:16PM

Used car dealers are seeing more interest from prospective buyers, with COE premiums now at their highest.

 

[awhtc]

Fewer COEs from May to July as quota is slashed again

SINGAPORE - The number of certificates of entitlement (COEs) available for car buyers and sellers will fall again in the next three months starting from May, with a 10.6 per cent drop from the current quota.

In its quarterly announcement on Thursday (April 15), the Land Transport Authority (LTA) said there will be an average of 3,792 car COEs per month for the period of May to July, down from 4,241 per month between February and this month.

This follows a 12.8 per cent fall from the previous quota period between November and January, when there were 4,865 car COEs per month.

https://www.straitstimes.com/singapore/fewer-coes-from-may-to-july-as-quota-is-slashed-again

 

Certificate of Entitlement Quota for May 2021 to July 2021

Cat A - Approx 829 COE per bidding

Cat B - Approx 809 COEs per bidding

Cat E - Approx 259 COEs per bidding

https://www.lta.gov.sg/content/dam/ltagov/news/press/2021/210415_Monthly_COEquota_May_to_Jul_21_AnnexA.pdf

[awhtc]

On 4/8/2021 at 9:24 AM, yishunite said:

Uh COE price already went up $10k in the past year... so... ur prediction already came true... or rather its not a prediction anymore 😛

COE quota is coming down and GDP is going up 😉

 

Economists raise 2021 GDP forecast on better-than-expected Q1 data

SINGAPORE'S economy could perform better than initially expected this year, now that it has made marginal gains and defied expectations of a contraction in the first quarter, said economists, some of whom are now revising their full-year growth forecast.

Gross domestic product (GDP) grew 0.2 per cent in Q1, reversing the 2.4 per cent contraction in Q4. The is the first expansion since the Covid-19 pandemic began, going by the advance estimates by the Ministry of Trade and Industry (MTI).

The good showing surprised private-sector economists, who had anticipated a 0.5 per cent contraction, according to a Bloomberg poll.

https://www.businesstimes.com.sg/government-economy/economists-raise-2021-gdp-forecast-on-better-than-expected-q1-data

[Jamesc]

yeah 

7 minutes ago, awhtc said:

Fewer COEs from May to July as quota is slashed again

Yeah my used car prices will be going up again.

[D3badge]

seem like more likely up up up!

A total of 19,490 COEs from the suspended bidding exercises were returned from July 2020 onwards, said LTA.The 2,890 additional COEs in the May to July 2021 from this redistribution marks the last such tranche.

https://www.channelnewsasia.com/news/singapore/coe-quota-may-june-july-2021-lta-14627478

[Ho2786]

don't worry lah

coe will drop wan

wait long long sure drop wan

[Jamesc]

2 hours ago, D3badge said:

seem like more likely up up up!

A total of 19,490 COEs from the suspended bidding exercises were returned from July 2020 onwards, said LTA.The 2,890 additional COEs in the May to July 2021 from this redistribution marks the last such tranche.

Just cancel them lah

Why never think of us poor used car dealers?

They want our used cars to lose money huh?

[Mkl22]

1 hour ago, mikk123 said:

where are those coes that are from those renewed 5 years ago last time? 

likely scrapped earlier. 5year coe doesn't mean they wont be scrapped early. i would think majority would have been scrapped by 2020, when coe was low. only LTA will know the exact and projected numbers of early scrapping as they can see the historical patterns.

[JQ01]

Some old data for reference though there is no data on how many scrapped earlier.

[D3badge]

12 hours ago, Jamesc said:

Just cancel them lah

Why never think of us poor used car dealers?

They want our used cars to lose money huh?

No these last few round included last year COVID 19 COE suspended one! Mean after July , Aug new batch quota should be even much lower because of the lack of extra COE from suspended COVID 19?

[D3badge]

20 hours ago, Ho2786 said:

don't worry lah

coe will drop wan

wait long long sure drop wan1

like i know some people sold their only property in 2016, 2017 and rent property cause say property price will drop thus cash in 1st!! fast forward 4 , 5 years now they are still renting and the property price still climbing !!!

their 5 years rental could have pay 5 years mortgage! and remember if you dun have cash to pay full, your loan tenor also shorten every year plus prices climbing up every year! 

double or triple whammy on their financials!! 

In short if you only have one car, and that is a "need" not a want then just buy dun time

Edited April 16, 2021 by D3badge

[D3badge]

why COE cannot rise

https://www.todayonline.com/singapore/luxury-home-sales-rose-10-fold-march-most-buyers-singaporeans-foreigners-picked-trophy-homes

Luxury home sales rose 10-fold in March: Most buyers Singaporeans but foreigners picked up trophy homes
Read more at https://www.todayonline.com/singapore/luxury-home-sales-rose-10-fold-march-most-buyers-singaporeans-foreigners-picked-trophy-homes