COE trend..

[Mkl22]

On 12/21/2023 at 7:24 PM, Fitmugen said:

Christopher Tan from ST posted this on his LinkedIn

https://www.linkedin.com/posts/christopher-tan-02a3b043_coe-premiums-fall-across-the-board-in-last-activity-7143489230416011264-Ath5?utm_source=share&utm_medium=member_ios

seems like he is not very happy that gahmen is not doing anything to prevent PHV companies from competing against individual buyers.

But I wonder what is his proposal? Make PHV separate category so that they pay more and then Grab rides double in price?

LTA Ownself stick STAMP on their eyes and then say cannot see any problem! 🤣

[Mkl22]

On 12/21/2023 at 12:10 PM, ccc888 said:

Garmen build so many new MRT lines for wat?

 

Think Think hahahaha

Why you repeating what I said more than 20years ago. 10M la.!

[Tohto]

On 12/21/2023 at 6:17 AM, Yaloryalor said:

Hopefully with the continuous bigger supply of COE for that one year or two is enough for real car owner to get lower price COE.

I think the big supply not so soon should about 2026 - 2029. 

This cycle repeat itself every 10yrs. But with the scholars keep changing and moving some of the quota to earlier, the supply won't be as high as previous ×6 - ×9 yrs.

Edited December 21, 2023 by Tohto

[Yaloryalor]

On 12/21/2023 at 2:23 PM, ksapple said:

As long as ppl is eyeing on CoE to drop means it is still affordable lor

If affordable then it’s not eyeing. Cheong to car showroom liao.

[ccc888]

@Fitmugen cat B already crashed by 20k what…Honda is the only AD that sell lesser than PI? Whahaha

any cat B buyers here last round and gotten some nice rebates?

[inlinesix]

On 12/21/2023 at 11:18 PM, ccc888 said:

@Fitmugen cat B already crashed by 20k what…Honda is the only AD that sell lesser than PI? Whahaha

any cat B buyers here last round and gotten some nice rebates?

Not surprising.

Other than Jazz, other AD model is not what the market wants

[Mkl22]

On 12/21/2023 at 9:01 PM, Tohto said:

I think the big supply not so soon should about 2026 - 2029. 

This cycle repeat itself every 10yrs. But with the scholars keep changing and moving some of the quota to earlier, the supply won't be as high as previous ×6 - ×9 yrs.

If they keep to only the 5yr coes, then it won’t matter. If they lock stock barrel just simply cut and fill then different story. 
 

but then we are slowly moving out of the low point, not too much sense to do it now. 

Edited December 21, 2023 by Mkl22

[Mkl22]

On 12/22/2023 at 12:42 AM, Mkl22 said:

If they keep to only the 5yr coes, then it won’t matter. If they lock stock barrel just simply cut and fill then different story. 
 

but then we are slowly moving out of the low point, not too much sense to do it now. 

https://www.channelnewsasia.com/singapore/coe-prices-falling-trend-time-buy-car-4004151?cid=internal_sharetool_iphone_22122023_cna
 

reduce volatility my foot. The quota numbers of the peak and trough are almost 3times. And like I said will further exacerbate when coe prices drop by another 50k to 60-70k then for sure those holding 130k-150k will scrap and buy new. Then come 2032-2033…one big hole again!
unless they hope there are many 5yr coe renewals come 2027-2028, but I would think these would largely be catA and especially those with 5k ARF. But those in catB don’t have the 5k ARF. And typically catB are renewed for 10years. 
 
one free advice. Renew your 2027-2028 for 10years especially if your ARF paid is 5k you lose only 2.5k and can get rebate of the coe anytime you scrap. This is really rental up front almost without any downsides. Of course must be a fairly reliable Japanese car like a toyota Honda. Don’t get and renew some French crap that no parts for. Waste of coe quota only.😂

likely can selling during 2032-2033 for not much less. Can almost drive for free. 

Edited December 22, 2023 by Mkl22

[t0y0ta]

Since zero growth, govt no need to peg to deregistration rate. Just issue exactly (car population /10) COEs a year lor. Perfectly steady flat supply. No uncertainty, no long-term car population increase.

[Mkl22]

On 12/22/2023 at 9:30 AM, t0y0ta said:

Since zero growth, govt no need to peg to deregistration rate. Just issue exactly (car population /10) COEs a year lor. Perfectly steady flat supply. No uncertainty, no long-term car population increase.

Stability means no chance to make a quick buck. With chaos then can chut pattern to say there is improvement. 🤣

[ccc888]

@Mkl22 power….predict til 2033 liao.

lets monitor 2024 first hehe

[ccc888]

@Mkl22 yeah, push to 150k and drop 40k is big improvement wor. Hahaha

Wonder what their sweet spot? I have the feeling they want to have price stability moving forward….

Lets see whats under their sleeve in 2024 first.

[Rickster]

On 12/21/2023 at 11:25 PM, inlinesix said:

Not surprising.

Other than Jazz, other AD model is not what the market wants

Or rather, their pricing and undesirable (boring) designs since the FD days are not attracting people.

Gone are the days when i see an attractively designed brand new Honda. Nowadays even Toyota designs are arguable more attractive than most Hondas.

Edited December 22, 2023 by Rickster

[Ginyu]

Maybe they rather sacrifice those rental car companies than their votes , more coe drops. Rental pushed it to 150k then coe drop to 50k mean they gg?🤣

Edited December 22, 2023 by Ginyu

[inlinesix]

On 12/22/2023 at 1:47 PM, Rickster said:

Or rather, their pricing and undesirable (boring) designs since the FD days are not attracting people.

Gone are the days when i see an attractively designed brand new Honda. Nowadays even Toyota designs are arguable more attractive than most Hondas.

I like this Honda especially the centre screen.

PI Honda Model like Ody and Stepwgn more desirable here.

On the other hand, CRV lost to GLB180.  Both cars are priced similarly. 

[Yaloryalor]

@Rickster seriously yes. Toyota design improved a lot over the past 5 years.

[ccc888]

@Rickster actually HRV and CRV looks Ok but pricing too ex.

PI Vezel sell 20-25k lower than HRV….so how to sell well hahaha

[ccc888]

@Yaloryalor saw new CHR online….looks vy futuristic