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COE Bidding – August 2022


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Moderator

[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 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:

NON-TRANSFERABLE 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%)

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

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1st Gear

Sure go up again lah.

Quota drop so much.

Remember, COE prices are not determined by the free market.

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Hypersonic
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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Hypersonic
1 hour ago, mikk123 said:

Really? go up? how high it will go? 

The sky is the limit. [laugh][laugh][laugh]

 

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Hypersonic

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.

:D

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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Turbocharged

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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Hypersonic
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.

:D

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Moderator

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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(edited)

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

Edited by hansmith
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