Jump to content

COE Bidding – April 2021


Carbon82
 Share

Recommended Posts

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

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

3 useful links for our dear MCFers:

The details of the April 2021 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 5 April 2021, 12 noon
Tender closes: Wednesday, 7 April 2021, 4.00 pm
Tender results: Wednesday, 7 April 2021
 (Available on the www.onemotoring.lta.gov.sg website)

The total quota available for this tender is 2,960 (-4) for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES
Category A : Cars (up to 1600cc & 97kW (130bhp)) => 883 (-3)
Category B : Cars (above 1600cc or 97kW (130bhp)) => 958 (+12)
Category D : Motorcycles => 560 (+18)

TRANSFERABLE CATEGORIES
Category C : Goods Vehicles and Buses => 263 (-29)
Category E : Open Category => 296 (-2)

↡ Advertisement
  • Praise 11
Link to post
Share on other sites

Supersonic
26 minutes ago, Acewin said:

Last weekend I visited Toyota showroom super pack no SE available must queue so I guess COE will Up.

Thought last round COE went up? Showroom super pack? Lol.

Link to post
Share on other sites

3 week no bidding

+ 2 weeks ago I was at the showroom 10am got a decent crowd

I think most prob will go up

but then again, it always go opposite of what we think - so will go down.

  • Praise 1
Link to post
Share on other sites

Supercharged

Car COE extensions plunge by 50% - Fall for first time in a decade could mean bigger COE supplies ahead

The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - has fallen for the first time in a decade, and this could mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777.

https://www.straitstimes.com/singapore/transport/car-coe-extensions-plunge-by-50

  • Praise 2
  • Haha! 1
Link to post
Share on other sites

3 minutes ago, Didu said:

Car COE extensions plunge by 50% - Fall for first time in a decade could mean bigger COE supplies ahead

The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - has fallen for the first time in a decade, and this could mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777.

https://www.straitstimes.com/singapore/transport/car-coe-extensions-plunge-by-50

Lol lousy journalism.

COE quota also plunged from 2009 to 2010 (ie. 10 years ago), so naturally, the number of cars needing COE renewal also plunged in 2020 as compared to 2019.

What the journalist should compare is the change in percentage of renewal out of total number of cars with expiring COE.....

  • Praise 6
Link to post
Share on other sites

Supercharged
6 minutes ago, Didu said:

Car COE extensions plunge by 50% - Fall for first time in a decade could mean bigger COE supplies ahead

The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - has fallen for the first time in a decade, and this could mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777.

https://www.straitstimes.com/singapore/transport/car-coe-extensions-plunge-by-50

Anyway there is only 1 winner. Our MIW. 

  • Praise 1
Link to post
Share on other sites

(edited)
1 hour ago, pengu said:

Lol lousy journalism.

COE quota also plunged from 2009 to 2010 (ie. 10 years ago), so naturally, the number of cars needing COE renewal also plunged in 2020 as compared to 2019.

What the journalist should compare is the change in percentage of renewal out of total number of cars with expiring COE.....

Yup stupid headline totally misleading... "Fall for first time in a decade could mean bigger COE supplies ahead" is nonsensical when actually reading the article:

Quote

Mr Ron Lim, head of sales and marketing at Nissan agent Tan Chong Motor, also reckoned the fall in revalidations was linked to the far fewer new registrations in 2010. He noted that in absolute terms, car COE revalidations last year were still higher than at any time before 2016.

"The revalidation rate remains at almost 59 per cent of vehicles which were due for scrap in 2020," he added. The corresponding percentage figure for 2019 was 66 per cent.

Nanyang Business School adjunct associate professor Zafar Momin concurred, pointing out that the pool of cars between nine and 10 years old last year was 45 per cent lower than in 2019. Like Mr Lim, he said that among cars in this pool, COE revalidations accounted for a significant portion.

 

Edited by yishunite
  • Praise 1
Link to post
Share on other sites

3 hours ago, Wildfaye29 said:

Up up down down up up down!

Left right left right B A B A start! 
 

delta force Nintendo! In the late 80s hahah

  • Praise 1
  • Haha! 1
Link to post
Share on other sites

3 hours ago, mikk123 said:

should fall ba....any reasons for it to continue go north? 

Cash rich sgprean 

Link to post
Share on other sites

1 hour ago, PaulMeng said:

15k plus COEs expiring 5yrs COE's that was renewed in 2016 is returning this year.

DOWN DOWN DOWN !!!! 

And we have 15k potential car buyers flocking to the showroom... 

  • Praise 1
Link to post
Share on other sites

31 minutes ago, mikk123 said:

maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? 

PQP history can be checked easily.. it wasn't a few thousand dollars.

and COE returning to the market will have a delayed effect, ie, people will buy car before their COE expires and the COE will only return to the market few mths down the road.

best is to just buy the car when you need it, no point to time the market..

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...