COE Bidding - August 2023

[Carbon82]

3 useful links for MCFers

• Real Time COE Bidding Results
• Check Your COE Bidding Status
• Latest COE Prices and Trending

Highest Record

• Cat A => $103,721 [Apr 2023]
• Cat B => $121,000 [Jun 2023]
• Cat C => $91,101 [Mar 2023]
• Cat D => $13,189 [Nov 2022]
• Cat E => $125,000 [May 2023]

Upcoming Bidding Exercise

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

Tender opens: Monday, 7 August 2023, 12 noon
Tender closes: Thursday, 10 August 2023, 4.00 pm
Tender results: Thursday, 10 August 2023 (Available on www.onemotoring.lta.gov.sg)

The total quota available for this tender is 1,886 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)) => 632
Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 470
Category D : Motorcycles => 522

TRANSFERABLE CATEGORIES
Category C : Goods Vehicles and Buses => 122
Category E : Open Category => 140

[Ct3833]

This is the first month that the COE supply is increased by 5%?   i personally dont think COE prices will decline much but hopefully will stop the price escalation 

[13177]

Increased only 5%, price difficult to drop much la. Maybe only drop 1k to 5k in one bid, then up 1k to 5k in next bid again, so in the end not much difference. 😅

[Kennethoka]

the coming expect to increase because the interval for this round is 3 weeks. That means more bidder for the coming one.

[Ct3833]

On 8/7/2023 at 9:45 AM, 13177 said:

Increased only 5%, price difficult to drop much la. Maybe only drop 1k to 5k in one bid, then up 1k to 5k in next bid again, so in the end not much difference. 😅

The real impact will come in 2025 when there are more cars to be scrapped but some COEs have already been pulled forward to now, by then when the demand for replacment COEs is really higher than supply, the hope of expecting COE to come down in 2025  and beyond will not happen .

[13177]

On 8/7/2023 at 10:12 AM, Ct3833 said:

The real impact will come in 2025 when there are more cars to be scrapped but some COEs have already been pulled forward to now, by then when the demand for replacment COEs is really higher than supply, the hope of expecting COE to come down in 2025  and beyond will not happen .

Means if want to change car or buy car, better buy now then to wait until 2025 and beyond?! 😅

[Wildfaye29]

Up up down down up up down!

[Ct3833]

On 8/7/2023 at 10:26 AM, 13177 said:

Means if want to change car or buy car, better buy now then to wait until 2025 and beyond?! 😅

If can afford to buy now, there is no need to wait till 2025, me have to wait till far beyond 2025 😅😅

[Arogab]

COE - you know the meaning?...... Si Hor Ee (Die for him). 

How to come down? The revenue is a good source of income leh

[13177]

On 8/7/2023 at 11:12 AM, Ct3833 said:

If can afford to buy now, there is no need to wait till 2025, me have to wait till far beyond 2025 😅😅

Hearsay many people even they can afford to buy now, but still wait till 2025 hoping the coe will come down. 😂

[Ct3833]

On 8/7/2023 at 11:31 AM, 13177 said:

Hearsay many people even they can afford to buy now, but still wait till 2025 hoping the coe will come down. 😂

They will likely be in for disappointment, i hope i am wrong, if the coe quota reduction is not too significant by then, then the price escalation may not be too bad. 

 

Edited August 7, 2023 by Ct3833

[inlinesix]

Huat ah!

[13177]

On 8/7/2023 at 11:46 AM, Ct3833 said:

They will likely be in for disappointment, i hope i am wrong, if the coe quota reduction is not too significant by then, then the price escalation may not be too bad. 

Only about 2 years to 2025, so many people would take the gamble to wait then to buy now. They rather pay $120k coe in 2025 than paying the $120k coe now. If the coe still did not drop in 2025 and maintain the current price. Also, when their car already 8-10 years old, so no choice but to pay for whatever coe in 2025. Now car maybe still 5-6 years old, still can wait.

[t0y0ta]

On 8/7/2023 at 1:16 PM, 13177 said:

Only about 2 years to 2025, so many people would take the gamble to wait then to buy now. They rather pay $120k coe in 2025 than paying the $120k coe now. If the coe still did not drop in 2025 and maintain the current price. Also, when their car already 8-10 years old, so no choice but to pay for whatever coe in 2025. Now car maybe still 5-6 years old, still can wait.

There is no logical reason to buy now if have 2 more years on COE and car is not breaking down every week.

So it is NOT a gamble to wait, rather it is the obvious choice to wait since 2012-2014 was the period with lowest ever qty of COEs.

[13177]

On 8/7/2023 at 9:45 PM, t0y0ta said:

There is no logical reason to buy now if have 2 more years on COE and car is not breaking down every week.

So it is NOT a gamble to wait, rather it is the obvious choice to wait since 2012-2014 was the period with lowest ever qty of COEs.

2 years very fast passed. And by then if the coe still did not come down or worst even go up, then it is really a gamble to wait. 

[Ginyu]

On 8/7/2023 at 9:33 AM, Ct3833 said:

This is the first month that the COE supply is increased by 5%?   i personally dont think COE prices will decline much but hopefully will stop the price escalation 

with the $0 drive off promo, guess is hard for it to decline 🤣

[Ingenius]

On 8/7/2023 at 9:45 PM, t0y0ta said:

There is no logical reason to buy now if have 2 more years on COE and car is not breaking down every week.

So it is NOT a gamble to wait, rather it is the obvious choice to wait since 2012-2014 was the period with lowest ever qty of COEs.

buy now can sell existing car at higher price mah, two years later if COE drop then car selling\trade-in price also lower.  Is this reasoning correct ? 

Edited August 8, 2023 by Ingenius

[Ct3833]

On 8/8/2023 at 10:57 AM, Ginyu said:

with the $0 drive off promo, guess is hard for it to decline 🤣

I can give the opty to those people , i have no maney to pay for high interest 😆😆😆