COE Bidding – May 2023 and new COE measures

[13177]

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

Scarli go up

High chance will go up if next round drop quite a bit. Cause people thought coe drop liao and will go in to buy and push up the coe again.

[Themman]

Looking these couple of days car AD drop their prices for Cat A car, i think Cat A will drop between 4k to 8k. Cat B may be lowered by 1 to 2K.

[Ct3833]

On 5/15/2023 at 4:56 PM, inlinesix said:

President will always be someone who is friendly to PAP.

No need change the rule to accommodate the masses.

Again, that is because we have a presidential selection system , not an election system🤣

 

[Tianmo]

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.

This is the correction before the push. 

 

[Wildfaye29]

Up up down down up up down!

[Themman]

So early Cat D already $8K liao. Demand is indeed high for motor bike

[Kar_lover]

On 5/17/2023 at 1:53 PM, Themman said:

So early Cat D already $8K liao. Demand is indeed high for motor bike

This is probably a correction as previous exercise plunged very low...

[Blueray]

if COE goes down, PAP will say we heard you and we tried to do something.

if COE goes up, PAP will say we heard you and we tried to do something.

[RH1667]

On 5/17/2023 at 2:21 PM, Blueray said:

if COE goes down, PAP will say we heard you and we tried to do  did something FOR you.

if COE goes up, PAP will say we heard you and we tried to do something  are monitoring 

I thought should be 😁

[daffodilistic]

Epic fail lah LTA...COE price didn't even budge

Edited May 17, 2023 by daffodilistic

[Alphakim]

Cat A.... Hmm...

[Kar_lover]

On 5/17/2023 at 3:42 PM, daffodilistic said:

Epic fail lah LTA...COE price didn't even budge

I don't think Govt/LTA ever said that the one time exercise was to bring down the COE premium... it was to stabilise the COE supply going forward... i believe data showed that these 5 yr COEs, if left to scrap in the future in its natural order, would create a sudden increase in available COEs which will cause "volatility" so they bring forward to spread out the future bumper crop to the present time so as to pre-empt that event and at the same time perhaps cool down the correct high COEs.... SG being SG with many rich people and vehicle growth rate remaining as 0 in the long run means COE won't drop - not by much nor for long anyway. 

[uramasa]

CAT D back to original prior to last bid

[Kar_lover]

On 5/17/2023 at 3:49 PM, Alphakim said:

Cat A.... Hmm...

Mai gan cheong lol

[daffodilistic]

On 5/17/2023 at 3:52 PM, Kar_lover said:

I don't think Govt/LTA ever said that the one time exercise was to bring down the COE premium... it was to stabilise the COE supply going forward... i believe data showed that these 5 yr COEs, if left to scrap in the future in its natural order, would create a sudden increase in available COEs which will cause "volatility" so they bring forward to spread out the future bumper crop to the present time so as to pre-empt that event and at the same time perhaps cool down the correct high COEs.... SG being SG with many rich people and vehicle growth rate remaining as 0 in the long run means COE won't drop - not by much nor for long anyway. 

I would think it's a test balloon only la...after all, high COE = unprofitable PHV companies and expensive rentals...LTA dug themselves a whole by supporting the PHV industry, lol

Edited May 17, 2023 by daffodilistic

[humblesh1t]

On 5/17/2023 at 3:59 PM, daffodilistic said:

I would think it's a test balloon only la...after all, high COE = unprofitable PHV companies and expensive rentals...LTA dug themselves a whole by supporting the PHV industry, lol

don't think so much of PHV companies are 100% at fault.  A lot of rich Chinese from China are joining in the fun to bid and monopolising the market.

[Benarsenal]

Hahahaha

So much for making changes. In the end still the same.

Motorcycle COE especially is a joke.

[daffodilistic]

On 5/17/2023 at 4:03 PM, humblesh1t said:

don't think so much of PHV companies are 100% at fault.  A lot of rich Chinese from China are joining in the fun to bid and monopolising the market.

i doubt rich mainlanders are that crazy about cars, when property is a better asset to play with.