Invigorated Supercharged April 9, 2021 Share April 9, 2021 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. ↡ Advertisement Link to post Share on other sites More sharing options...
awhtc 6th Gear April 9, 2021 Share April 9, 2021 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 1 Link to post Share on other sites More sharing options...
BobbyTan_74287 4th Gear April 10, 2021 Share April 10, 2021 On 4/8/2021 at 3:06 PM, Owen_fan said: I got my cat A COE - first bid. Congratulations!!! 1 Link to post Share on other sites More sharing options...
awhtc 6th Gear April 12, 2021 Share April 12, 2021 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 1 2 Link to post Share on other sites More sharing options...
13177 Supersonic April 13, 2021 Share April 13, 2021 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. 2 1 Link to post Share on other sites More sharing options...
RadX Moderator April 13, 2021 Share April 13, 2021 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 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic April 13, 2021 Share April 13, 2021 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. 3 Link to post Share on other sites More sharing options...
awhtc 6th Gear April 15, 2021 Share April 15, 2021 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 3 1 Link to post Share on other sites More sharing options...
awhtc 6th Gear April 15, 2021 Share April 15, 2021 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 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic April 15, 2021 Share April 15, 2021 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. 1 2 Link to post Share on other sites More sharing options...
D3badge 6th Gear April 15, 2021 Share April 15, 2021 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 1 Link to post Share on other sites More sharing options...
Ho2786 4th Gear April 15, 2021 Share April 15, 2021 don't worry lah coe will drop wan wait long long sure drop wan 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic April 15, 2021 Share April 15, 2021 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? 3 Link to post Share on other sites More sharing options...
Mkl22 Twincharged April 16, 2021 Share April 16, 2021 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. Link to post Share on other sites More sharing options...
JQ01 3rd Gear April 16, 2021 Share April 16, 2021 Some old data for reference though there is no data on how many scrapped earlier. Link to post Share on other sites More sharing options...
D3badge 6th Gear April 16, 2021 Share April 16, 2021 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? 2 Link to post Share on other sites More sharing options...
D3badge 6th Gear April 16, 2021 Share April 16, 2021 (edited) 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 1 Link to post Share on other sites More sharing options...
D3badge 6th Gear April 16, 2021 Share April 16, 2021 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 ↡ Advertisement Link to post Share on other sites More sharing options...
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