COE Bidding – May 2023 and new COE measures

[RadX]

Wah u all still with it ah??🤦🏾‍♂️

[Daniu82]

On 5/14/2023 at 2:13 PM, yishunite said:

He talk himself into corner. Only "cause" of high COE he is willing to admit is supply "fluctuation" therefore only tool he can use is tweak supply... and as we all know all these tiny tweaks will do f*k all 

Aiyah, vote him out lar. We need a better player who can solve the problem, not one who tries to smoke us. 

[Beehive3783]

On 5/14/2023 at 10:08 AM, Carbon82 said:

With many unhappy about PHCs with strong financial backing fighting for limited COEs, the latest announcement (of bringing forward deregistered COE in the next few quarters) is more like opening a window for PHCs to put more PHV on the road without causing further spike in premium. 

Then after another 3 - 4 quarters, after LTA is done with their "monitoring", new measures will be implemented to bring down COE premium, which by then is almost at the end of the tunnel of COE draught, and GE due. Claim credit and move on for the next 5 years... 

These seems to be what's written on the wall when I read the announcement, yet many are cheering and hoping for the price to plunge. All these while whatever measures rolled out by LTA has been missing the elephant in the room. If you look deeper at LTA statistics, you would have see much more than what our mini$ter$ are trying to paint (you don't need to be a scholar, just a pair of analytical eyes and some critical thinking) 

They are just borrowing quota from the next few years to plonk into the next few months. Most people are happy but they fail to realise that after the borrowed quota is finished, the COE market will go crazy because the quota released over those years are long gone. Basically zero quota left from those 5 year renewed COEs.

[Volvobrick]

On 5/15/2023 at 12:36 PM, Beehive3783 said:

They are just borrowing quota from the next few years to plonk into the next few months. Most people are happy but they fail to realise that after the borrowed quota is finished, the COE market will go crazy because the quota released over those years are long gone. Basically zero quota left from those 5 year renewed COEs.

Me suspect they keeping something up their sleeves pull out just before erections. 

Like restoring vehicle number growth rate to 0.5% or 1% for a year or 2.

[Beehive3783]

On 5/15/2023 at 12:41 PM, Volvobrick said:

Me suspect they keeping something up their sleeves pull out just before erections. 

Like restoring vehicle number growth rate to 0.5% or 1% for a year or 2.

You mean pull out before ejaculation? Withdrawal method? 

That's anti-climax though.. not shiok  

[13177]

On 5/15/2023 at 12:36 PM, Beehive3783 said:

They are just borrowing quota from the next few years to plonk into the next few months. Most people are happy but they fail to realise that after the borrowed quota is finished, the COE market will go crazy because the quota released over those years are long gone. Basically zero quota left from those 5 year renewed COEs.

As usual they are solving the current problem but creating another problem down the road.

[Scion]

On 5/13/2023 at 10:35 AM, Benarsenal said:

I think distance-based charging would have a lot of issues and implications down the line.

Privacy is one thing (you're effectively being tracked everywhere you go), but there's also fairness in implementation. Say for example, you drive from Jurong East to Tuas South, which is quite a distance but likely to be relatively traffic free. Do you pay more or less than someone who drives from, say, Clementi to CBD (shorter distance but more congested)?

 

personal data protection definitely is a concern

how many times we have read in the news that there's a leak (banks, telecom companies, even govt entities)... but are there any accountabilities?

[inlinesix]

On 5/15/2023 at 12:41 PM, Volvobrick said:

Me suspect they keeping something up their sleeves pull out just before erections. 

Like restoring vehicle number growth rate to 0.5% or 1% for a year or 2.

Unlikely.

[L23]

On 5/15/2023 at 12:41 PM, Volvobrick said:

Me suspect they keeping something up their sleeves pull out just before erections. 

Like restoring vehicle number growth rate to 0.5% or 1% for a year or 2.

This is PE not GE. 

The most just lose a non-significant position. No big deal.

No need to give so many chicken drumstick..

[Volvobrick]

On 5/15/2023 at 3:11 PM, L23 said:

This is PE not GE. 

The most just lose a non-significant position. No big deal.

No need to give so many chicken drumstick..

That's why only bring forward some COEs now for the PE. GE another 1 or 2 years more then release the kraken! 

[inlinesix]

On 5/15/2023 at 3:11 PM, L23 said:

This is PE not GE. 

The most just lose a non-significant position. No big deal.

No need to give so many chicken drumstick..

On 5/15/2023 at 3:56 PM, Volvobrick said:

That's why only bring forward some COEs now for the PE. GE another 1 or 2 years more then release the kraken! 

President will always be someone who is friendly to PAP.

No need change the rule to accommodate the masses.

Edited May 15, 2023 by inlinesix

[Ct3833]

On 5/14/2023 at 10:52 AM, inlinesix said:

It is clearer than clear that Govt want PHV.

Continue to kpkb also useless.

 

Actually the gov just want COE rev, continue to kpkb also useless . 

[Ct3833]

Land scarcity is our limitation, COE is the way to control car population, it is  here to stay. The way to bring down COE price is,  to only allow individual  buyers to bid, no loan is allwowed, dealers are allowed to bid for open cat only. But we know governemt wont do it to hurt the government income, so  no point kpkp about it. Move on lah.

I am one who dont believe in spending money on car, when COE was cheap  in 2019, i didnt buy new car , instead，i renewed coe of both cars, then spend the money on omakase, decent sake and red wine🤣🤣

Edited May 15, 2023 by Ct3833

[Mockngbrd]

On 5/13/2023 at 10:35 AM, Benarsenal said:

I think distance-based charging would have a lot of issues and implications down the line.

Privacy is one thing (you're effectively being tracked everywhere you go), but there's also fairness in implementation. Say for example, you drive from Jurong East to Tuas South, which is quite a distance but likely to be relatively traffic free. Do you pay more or less than someone who drives from, say, Clementi to CBD (shorter distance but more congested)?

Pap will add on distance based erp on top of crazy coe price 

[13177]

On 5/15/2023 at 3:56 PM, Volvobrick said:

That's why only bring forward some COEs now for the PE. GE another 1 or 2 years more then release the kraken! 

Now still don't know what the effect will be on the COE pricing after they have bring forward come COEs. Don't know how much it will drop.

[Ct3833]

On 5/16/2023 at 9:26 AM, 13177 said:

Now still don't know what the effect will be on the COE pricing after they have bring forward come COEs. Don't know how much it will drop.

It wont be significant for sure,  not 50k, 60k level,  it should be around 80k to 90k for cat A,  everyone should buy a bew car if it goes to 70k 🤣🤣

[Mockngbrd]

On 5/16/2023 at 9:26 AM, 13177 said:

Now still don't know what the effect will be on the COE pricing after they have bring forward come COEs. Don't know how much it will drop.

Scarli go up

[Fitmugen]

On 5/16/2023 at 10:06 AM, Mockngbrd said:

Scarli go up

PHV will mop up anything below $90k for Cat A. COE deposit $10k only can hold 6 months