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COE Bidding – August 2022


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3 useful links for our dear MCFers:

The details of the August 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 1 August 2022, 12 noon
Tender closes: Wednesday, 3 August 2022, 4.00 pm
Tender results: Wednesday, 3 August 2022
(Available on the www.onemotoring.lta.gov.sg website)

The total quota available for this tender is 1,863 (-149 / -7.41%) for the following vehicle categories:

Category A : Cars
(up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 554 (-74 /  -11.78%)
Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 474 (-53 / -10.06%)
Category D : Motorcycles => 573 (+12 / +2.14%)

Category C : Goods Vehicles and Buses => 95
(-7 / -6.86%)
Category E : Open Category => 167 (-27 / -13.92%)

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2 hours ago, ER-3682 said:

$75,000 Cat A,$120,000 for Cat B.

I think Cat A $80k, Cat B $113. 

Unlikely for Cat A to drop, and not really possible for Cat B to increase by $10K, I don't think even Cat E can do $120k in the next 1-2 bids. [laugh][laugh][laugh]


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Category A : 554 (-74 /  -11.78%)

Category B : 474 (-53 / -10.06%)

I am going to bid 12% more than last time

to get COEs for my customers.


This is the secret to how the good salesman get their cars for their customers.

People always ask how do we decide how much to bid?

Now you know.


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This time I guess it to drop, if no drop, then up.🤣- my prediction sure is zhun one

My customers are coming back to say in the next six months, they are coming down. Buy lah, I am just not moving😂

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10 minutes ago, Arogab said:

if no drop, then up.🤣- my prediction sure is zhun one

Wah you can be a ministar

You got helicopter view.

And you can never be wrong.


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Let me say it again, the record breaking COE premium is BAD for Singapore and Singaporeans in long run, and the same can be said for high properties price. 

It is gonna to hit each and everyone of us, not just car buyers / owners! I am not a financial expert but think about this:

Transport and commodities prices went up because of high vehicle and fuel cost. When COE and fuel price drop back to the "norm" (I know it will never be as low as before), will prices for other products and services dropped in tandem? 

When business owner started to earn more as transportation cost headed south, that will become the new baseline (profits) for them, and come the next round of COE and fuel hike (which will happen once every few years, with or without war and other financial crisis), everything went up again and that is what I call inflation (from a layman's perspective).

And mind you, it is not just with transportation, the same will applies for say rental and other properties related charges.

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3 minutes ago, hansmith said:

Lucky i already have a car with about 8.5 years left.... but entry level car only.

👍In Singapore having a car is a luxury already.  Even if my car is basic, I'm glad if it can just drive from point A to wherever and whenever and comes back to point A. That's the bottomline.✌️🙂

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