Cat B COE continues upward rise, and supply for upcoming quarter expected to shrink significantly

[Mustank]

Mean phv taxi rental increase

Going to get hard

[t0y0ta]

7 hours ago, 13177 said:

So here comes $90k plus coe again?

Should be higher than last peak, which was 90k.

should breach 100k by next 2 year

[Ct3833]

11 hours ago, awhtc said:

 

COE prices are really going to shoot through the roof.

I will renew my car's COE one last time in 2029 but I will have to start saving now.  Thereafter, I will retire in Johor where I would rather pay for a real car than a piece of 10-year COE paper here.

The government is also planning to raise more taxes very soon.  I think GST will continue to increase by 2-3% every 10 years.

Raising tax revenue the 'sustainable and responsible' way to fund Singapore's expenditures: Lawrence Wong

Wong noted that the GST or value added tax (VAT) is now central to tax systems around the world, many of which have much higher rates than Singapore.

https://www.businesstimes.com.sg/government-economy/raising-tax-revenue-the-sustainable-and-responsible-way-to-fund-singapores

 COE price should be lower by 2029 if the COE cycle will to continue, provided no change in policy. 

[ER-3682]

1 hour ago, t0y0ta said:

Should be higher than last peak, which was 90k.

should breach 100k by next 2 year

2013 Feb,$96,210..

[Ct3833]

28 minutes ago, ER-3682 said:

2013 Feb,$96,210..

COE for 2000cc and above was >S$110k in Dec 1994. nearly 20years later today, inflation and wealth of SGPrean have gone up by so much, no more than 150k no talk😱

 

 

 

[Hey]

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

Edited October 16, 2021 by Hey

[Ct3833]

5 minutes ago, Hey said:

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

with the fewer COE available, they are not worried about financial default cases, so they may go to 10% down payment and 90% loan to drive up COE price, that will cover the revenue shortfall cause by lesser number of COE. It does not need one to be a finance minister to think about this simple solution. 😂😂

[Volvobrick]

38 minutes ago, Hey said:

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

Gahmen spent 100 Bn on covid so needs desperately to replenish the coffers. So why dampen demand to drive COE prices down? This is like slapping themselves. 

[neoki_29]

Cat B $72000 this week prediction🤔

[t0y0ta]

9 hours ago, Hey said:

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

Why would G want to lower their own revenue?

[Ginyu]

27 minutes ago, t0y0ta said:

Why would G want to lower their own revenue?

Yup and why they want to  kill their cash cow since many citizens still want to spend beyond their means🤣

[Mustank]

11 hours ago, Hey said:

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

Everybody wants more money

[yishunite]

13 hours ago, Ct3833 said:

COE for 2000cc and above was >S$110k in Dec 1994. nearly 20years later today, inflation and wealth of SGPrean have gone up by so much, no more than 150k no talk😱

 

 

 

But last time dont have ARF and VES. You add those into 2L+ car can easily exceed $150k with COE

[Voodooman]

12 hours ago, Hey said:

Actually the government could just go back to 40% (cat A) and.50% (cat B) down payment with 5 yrs loan max, and that should dampen the demand alittle.

Yes, everyone who can afford pays less but those wannabes will kpkb and G will be more than happy to oblige. The banks will be happy as well.

12 hours ago, Ct3833 said:

with the fewer COE available, they are not worried about financial default cases, so they may go to 10% down payment and 90% loan to drive up COE price, that will cover the revenue shortfall cause by lesser number of COE. It does not need one to be a finance minister to think about this simple solution. 😂😂

With PAP’s common prosperity goals to tax the rich and close the gini gap, coupled with $100b or more of reserves to replenish, higher is definitely better.

But they can probably earn more by reversing the zero COE growth policy but that has to come in when satellite ERP is in place.  Let's see if they have the balls to implement it. 

[Lotr]

MAS did tighten car loan regulations in 2013 and then relaxed then in 2016.

This is the 2016 article:
https://www.straitstimes.com/singapore/transport/mas-lifts-car-loan-restrictions

The rules were tighten in 2013 because

"MAS deputy managing director Ong Chong Tee said: "In 2013, when we introduced the measures, our immediate aim was to help restrain escalating COE premiums and consequent inflationary pressures."

So they did it before and they might do it again

Edited October 17, 2021 by Lotr

[inlinesix]

[Ct3833]

9 minutes ago, Lotr said:

MAS did tighten car loan regulations in 2013 and then relaxed then in 2016.

This is the 2016 article:
https://www.straitstimes.com/singapore/transport/mas-lifts-car-loan-restrictions

The rules were tighten in 2013 because

"MAS deputy managing director Ong Chong Tee said: "In 2013, when we introduced the measures, our immediate aim was to help restrain escalating COE premiums and consequent inflationary pressures."

So they did it before and they might do it again

The reason they tighten the loan was because there were many COE supply then, PHV suppliers likeLCR was budding COR aggressively, if too many people were overly leveraged and ran into default, the situation  will impact the economy,  that was why they tighten the loan then. I mentioned before, now the COE quota is significantly lower, only the rich could afford high premium COE, MAS does not need to worry for them  even  there will be default, the number of cases will be so low that MAS does not have to be worried about.  We will be wrong  to hope that MAS will  tighten the loan further. If any, they will likely to relax the rules instead of  tightening it.

[Ct3833]

3 minutes ago, inlinesix said:

2025 is the year that more COE will be recycled, so they will likely to implement negative grow by then to achieve a two pronged approach, 1. Reduce number of cars on the road gradually, 2. maintain or drive up COE price.