COE Bidding – May 2023 and new COE measures

[Fitmugen]

I think those who had wanted to wait until 2024 will go in soon, cos the supply bump is no longer going to happen in 2024.

My prediction for next week is $8k - $10k lower for Cat A and $5k lower for Cat B. And June 1st bidding will rise back to current levels 

[Blueray]

Five suggested tweaks to the COE system and what the government and experts say

https://www.channelnewsasia.com/singapore/coe-price-quota-private-hire-cars-absd-suggestions-3483511

[Fcw75]

On 5/14/2023 at 9:18 AM, Blueray said:

Five suggested tweaks to the COE system and what the government and experts say

https://www.channelnewsasia.com/singapore/coe-price-quota-private-hire-cars-absd-suggestions-3483511

Iswaran everything cannot, including him. I hope he know that.

JLB…

 

[Carbon82]

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) 

[Ody_2004]

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) 

don think will plunge but maybe correction like stock market.. maybe a 10k or 20k down.. but if one rush in becos of 10k or 20k then maybe need to seriously thinking abt buying car..

mkt had changed.. not just abt COE quota.. but the wealth gap had widen which support this price.. 

Edited May 14 by Ody_2004

[inlinesix]

It is clearer than clear that Govt want PHV.

Continue to kpkb also useless.

 

[Sdf4786k]

On 5/14/2023 at 9:59 AM, Fcw75 said:

Iswaran everything cannot, including him. I hope he know that.

JLB…

 

It’s a matter of not upsetting the buyers.. because once u police the policy it means financial fraud … n the public will be upset that the g men took upon themselves to punish the weak for letting the family use it.. loose loose loose situation 

[Fcw75]

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) 

Rise in COE premium

- not due to PHV companies

- not due to the rich influx 

Then??

I mentioned before, my bro friend drive for a China family and that one family alone has 7 cars. Do your calculation when there’s at least a few hundred of this type of family.

[RadX]

Wah u all still with it ah??🤦🏾‍♂️

[yishunite]

On 5/14/2023 at 9:59 AM, Fcw75 said:

Iswaran everything cannot, including him. I hope he know that.

JLB…

 

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 

[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..