Mustank Hypersonic November 9, 2021 Share November 9, 2021 (edited) Coe is consumption taxation ownself decide one Edited November 9, 2021 by Mustank ↡ Advertisement Link to post Share on other sites More sharing options...
Vulkan 2nd Gear November 9, 2021 Share November 9, 2021 On 11/8/2021 at 10:55 AM, Mahjong74 said: @Watwheels You will be surprise of what people can do when they have too much spare cash laying around My boss car reaches 10 yrs this year. Thus he purchased a new car 6 months ago. For the past 6 months, his new car just park at the car park and the mileage is less than 2000 km! And his team, including myself has been working from home since Feb 2020 till now Not only your boss, in my HDB MSCP I can see quite a few new cars with SNA - SND not OPC. Rarely driven, there when I go to work and still at the same spot when I come back. Their usage is mostly weekends, means at the high COE prices, people are still buying even though their car is more of a want than a need. 1 Link to post Share on other sites More sharing options...
lexiton 2nd Gear November 9, 2021 Share November 9, 2021 On 11/1/2021 at 7:57 AM, mikk123 said: please don't go! Singapore needs people. or, please go, one less person compete for COE! 😁 makes no diff Link to post Share on other sites More sharing options...
Scion Turbocharged November 9, 2021 Share November 9, 2021 feel happy and sad at the same time... happy cos i bought new car earlier this year so not affected by the surging COE expected for the next few years sad cos maybe this will be my last car 😂 maybe 10 years later will be too old to drive, or too expensive to drive liao and i haven't been able to purchase my dream car yet 😂 1 1 Link to post Share on other sites More sharing options...
Macrosszero Turbocharged November 9, 2021 Share November 9, 2021 7 hours ago, Mustank said: Coe is consumption taxation ownself decide one Not really true as COE impacts cost of doing business so unless you don’t even buy basic essentials you will feel some of the impact. 2 Link to post Share on other sites More sharing options...
awhtc 6th Gear November 9, 2021 Author Share November 9, 2021 20 minutes ago, Scion said: feel happy and sad at the same time... happy cos i bought new car earlier this year so not affected by the surging COE expected for the next few years sad cos maybe this will be my last car 😂 maybe 10 years later will be too old to drive, or too expensive to drive liao and i haven't been able to purchase my dream car yet 😂 Mine will be the last new one in Singapore. My next new one will be in Malaysia at 1/3 the price 🤗 3 2 Link to post Share on other sites More sharing options...
lexiton 2nd Gear November 9, 2021 Share November 9, 2021 7 hours ago, awhtc said: Mine will be the last new one in Singapore. My next new one will be in Malaysia at 1/3 the price 🤗 worth to give up SG citizenship? Link to post Share on other sites More sharing options...
awhtc 6th Gear November 9, 2021 Author Share November 9, 2021 4 hours ago, lexiton said: worth to give up SG citizenship? I will just semi retire or retire in Johor but keeping my citizenship. I feel that Singapore is too crowded and expensive. There is not much greenery and space left. It will be worse years later when I reach retirement age. Lastly, paying $80k+ for a 10 year COE is simply crazy even though I can afford it. I can eat at a restaurant every day for 10 years in Johor with that money. 1 1 Link to post Share on other sites More sharing options...
Calvin8808 5th Gear November 10, 2021 Share November 10, 2021 2 hours ago, awhtc said: I will just semi retire or retire in Johor but keeping my citizenship. I feel that Singapore is too crowded and expensive. There is not much greenery and space left. It will be worse years later when I reach retirement age. Lastly, paying $80k+ for a 10 year COE is simply crazy even though I can afford it. I can eat at a restaurant every day for 10 years in Johor with that money. If keeping SG citizenship then you will not be able to drive the Malaysian registered car in Singapore. 1 hour ago, mikk123 said: very sensible decision. I may go the same route one day I retire. The COE will be more and more expensive for sure as our population grows, and more importantly millionaires. Paying $80k just for a piece of paper is never a good investment. $80k is a fortune in other part of the world where life is not much worse off than SG, maybe even better in terms of cost of living and the environment like mountains and sea. SG is for young people to make big and quick bucks, when you retire, better get out. Retirement in neighboring countries is not a bad suggestion but just think Thailand will be better and safer than Malaysia. 2 Link to post Share on other sites More sharing options...
13177 Supersonic November 10, 2021 Share November 10, 2021 20 hours ago, Vulkan said: Not only your boss, in my HDB MSCP I can see quite a few new cars with SNA - SND not OPC. Rarely driven, there when I go to work and still at the same spot when I come back. Their usage is mostly weekends, means at the high COE prices, people are still buying even though their car is more of a want than a need. People still want a car even the car might be hardly drive now, due to mostly WFH. And also due to covid, people tend to stay at home more. No choice but this doesnt mean they dont need a car. Lol. Link to post Share on other sites More sharing options...
Wt_know Supersonic November 10, 2021 Share November 10, 2021 (edited) 56 minutes ago, Calvin8808 said: If keeping SG citizenship then you will not be able to drive the Malaysian registered car in Singapore. Retirement in neighboring countries is not a bad suggestion but just think Thailand will be better and safer than Malaysia. can ... get the monthly rental car ... some more every 3 months can change BMW, MERC, AUDI ... now cheap cheap ... lol zero headache and heck care anyone open door wide wide to bang your door ... anyhow park also no heart pain for stolen ... Edited November 10, 2021 by Wt_know 1 1 Link to post Share on other sites More sharing options...
Vulkan 2nd Gear November 10, 2021 Share November 10, 2021 4 hours ago, 13177 said: People still want a car even the car might be hardly drive now, due to mostly WFH. And also due to covid, people tend to stay at home more. No choice but this doesnt mean they dont need a car. Lol. Yes sir I understand this, what I'm saying is the cars might be someone's second car. Those that are even thinking of getting a second car are rushing to buy them in midst of raising COE prices, because they are afraid that COE will raise even further instead of not buying that second car. I know of two friends who were thinking of getting a second car for ages, went ahead to book their new cars telling me "you don't buy now next time no chance." 1 Link to post Share on other sites More sharing options...
13177 Supersonic November 10, 2021 Share November 10, 2021 33 minutes ago, Vulkan said: Yes sir I understand this, what I'm saying is the cars might be someone's second car. Those that are even thinking of getting a second car are rushing to buy them in midst of raising COE prices, because they are afraid that COE will raise even further instead of not buying that second car. I know of two friends who were thinking of getting a second car for ages, went ahead to book their new cars telling me "you don't buy now next time no chance." Quite true also, if those who plan to buy a car, whether change car or buy 2nd car, better to buy now then few months later or next 1-2 years, cause coe should continue to go up. Next coe come down again not so soon. Link to post Share on other sites More sharing options...
james1055 1st Gear November 10, 2021 Share November 10, 2021 7 hours ago, mikk123 said: I suki Japan.😁 What is the criteria to stay in japan if not rich? 7 hours ago, Calvin8808 said: If keeping SG citizenship then you will not be able to drive the Malaysian registered car in Singapore. Retirement in neighboring countries is not a bad suggestion but just think Thailand will be better and safer than Malaysia. Thailand also what is the requirement to migrate there? Link to post Share on other sites More sharing options...
Calvin8808 5th Gear November 10, 2021 Share November 10, 2021 12 minutes ago, james1055 said: What is the criteria to stay in japan if not rich? Thailand also what is the requirement to migrate there? https://www.thailandelite-direct.com/en/thailandeliteresidenceprogram?page=ppc_THE_gsn_gen_residencevisa&gclid=EAIaIQobChMIle3YzLqN9AIVK5NmAh17GgciEAAYASAAEgIIbfD_BwE If not can also apply retirement visa which last for 1 year. https://www.thaiembassy.sg/visa-matters-/-consular/types-of-visa/non-immigrant-visa-o-a-long-stay Link to post Share on other sites More sharing options...
james1055 1st Gear November 10, 2021 Share November 10, 2021 3 hours ago, Calvin8808 said: https://www.thailandelite-direct.com/en/thailandeliteresidenceprogram?page=ppc_THE_gsn_gen_residencevisa&gclid=EAIaIQobChMIle3YzLqN9AIVK5NmAh17GgciEAAYASAAEgIIbfD_BwE If not can also apply retirement visa which last for 1 year. https://www.thaiembassy.sg/visa-matters-/-consular/types-of-visa/non-immigrant-visa-o-a-long-stay Thanks but that is only stay less than a year and have to come back again. What I mean is permanently there either Thailand or Japan. Link to post Share on other sites More sharing options...
Calvin8808 5th Gear November 10, 2021 Share November 10, 2021 2 hours ago, james1055 said: Thanks but that is only stay less than a year and have to come back again. What I mean is permanently there either Thailand or Japan. Just come back then go again. If not just go for the elite route and that will give you 20 years. Link to post Share on other sites More sharing options...
Ct3833 Supersonic November 11, 2021 Share November 11, 2021 (edited) 10 hours ago, Calvin8808 said: Just come back then go again. If not just go for the elite route and that will give you 20 years. Program fee U$19K to U$68K, one year about $4.5k sgd to be in that program? That is about the anual depre of a COE already😃😃 Edited November 11, 2021 by Ct3833 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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