COE trend..

[Benarsenal]

On 4/2/2024 at 9:58 PM, metalstream said:

Wed, 3 Apr will see significant drop in COE prices as distributors manipulate the system to attract buyers at Cars @ Expo scheduled for 13-14 Apr.

In the end go up leh

Your crystal ball spoil si boh

[thebestbees]

@Benarsenal didn’t put battery that’s why didn’t work 

[thebestbees]

@metalstream gov’s stance is to reduce volatility of COE, they do not want to see huge price actions like last year and early this year 

[thebestbees]

@metalstream long run averaging $100k? Not sure if it will happen due to inflation and demand vs limited supplies 

[Mkl22]

On 3/6/2024 at 4:26 PM, metalstream said:

The new Transport Minister seems very pro active in raising the COE quota to bring prices down. Kudos to him! Great job!!! 
https://www.asiaone.com/singapore/transport-minister-were-open-charging-more-car-usage-increase-vehicle-population

Raise quota? No la. Part of higher dereg numbers. Will see quota increasing all the way till 2028. What prices are will be a different story. 

[Freeder]

With all the back log orders, will remain high for the next few months and also another car expo in Oct🙃..
 

[Fellows]

@Freeder 

In total, close to 900 cars were sold, garnering over $160 million in sales. Both of these figures are up by 33% and 29% from the previous event respectively. 

https://www.sph.com.sg/trade-highlights/success-stories/the-car-expo-breaks-records-at-biggest-edition-since-the-pandemic/

[Vratenza]

On 5/19/2024 at 5:53 PM, metalstream said:

COE prices to be left to market forces, says LTA 😏
https://www.todayonline.com/singapore/market-rule-coe-market-now-despite-fierce-bidding

But HDB resale flats cannot be left to market forces? 😂
https://www.channelnewsasia.com/commentary/singapore-hdb-2-million-resale-flat-listings-misleading-unrealistic-sengkang-toa-payoh-4343496

COE pays for the bills. 

HDB is raiding the reserves.

Get it? 😆

[Benarsenal]

On 5/19/2024 at 5:53 PM, metalstream said:

COE prices to be left to market forces, says LTA 😏
https://www.todayonline.com/singapore/market-rule-coe-market-now-despite-fierce-bidding

But HDB resale flats cannot be left to market forces? 😂
https://www.channelnewsasia.com/commentary/singapore-hdb-2-million-resale-flat-listings-misleading-unrealistic-sengkang-toa-payoh-4343496

Housing is necessity. Car is not.

[13177]

On 5/19/2024 at 5:53 PM, metalstream said:

COE prices to be left to market forces, says LTA 😏
https://www.todayonline.com/singapore/market-rule-coe-market-now-despite-fierce-bidding

But HDB resale flats cannot be left to market forces? 😂
https://www.channelnewsasia.com/commentary/singapore-hdb-2-million-resale-flat-listings-misleading-unrealistic-sengkang-toa-payoh-4343496

Why need to tackle unrealistic S$2 million HDB flat listings? Many people would say willing seller willing buyer le, no one is forcing who to buy a HDB at 2 mill lo. 😅

I think COE also same same la. Even COE so crazily high and yet still have people buying car, so means people willing to buy at such price and no one is forcing who to buy? 

[Benarsenal]

On 5/20/2024 at 2:41 PM, 13177 said:

Why need to tackle unrealistic S$2 million HDB flat listings? Many people would say willing seller willing buyer le, no one is forcing who to buy a HDB at 2 mill lo. 😅

I think COE also same same la. Even COE so crazily high and yet still have people buying car, so means people willing to buy at such price and no one is forcing who to buy? 

Because property is funny one. Some joker list $2mil, the neighbours will gian png, then everyone will up price. And that's considered valid.

All you need is one idiot to spoil market for everyone else.

[L23]

On 5/20/2024 at 4:20 PM, Benarsenal said:

Because property is funny one. Some joker list $2mil, the neighbours will gian png, then everyone will up price. And that's considered valid.

All you need is one idiot to spoil market for everyone else.

Well u can list 2m, or even 3m, will there be any joker forking up that 2m for a HDB then?

If yes, then the price should be set at 2m then.

If no, the seller is simply wasting his/her time.

So free market is a good way to go. 

[Benarsenal]

On 5/20/2024 at 5:09 PM, L23 said:

Well u can list 2m, or even 3m, will there be any joker forking up that 2m for a HDB then?

If yes, then the price should be set at 2m then.

If no, the seller is simply wasting his/her time.

So free market is a good way to go. 

Value and worth are quite different things IMO.

Just because someone willing to pay 2m, doesn't mean the thing is worth 2m.

[Vratenza]

On 5/20/2024 at 5:57 PM, Benarsenal said:

Value and worth are quite different things IMO.

Just because someone willing to pay 2m, doesn't mean the thing is worth 2m.

That is assuming there is only one willing to pay 2mil.

I say... Fool and his money will soon part. 

Why bother with one listing trying his/her luck? 

Unless you are concern with the optics for the up coming GE? 

HDB is not a political tool? 🤣

[Benarsenal]

On 5/20/2024 at 9:27 PM, Vratenza said:

That is assuming there is only one willing to pay 2mil.

I say... Fool and his money will soon part. 

Why bother with one listing trying his/her luck? 

Unless you are concern with the optics for the up coming GE? 

HDB is not a political tool? 🤣

The problem is, stupid people f*** things up for normal people.

[Ct3833]

Those who could afford are rich, not stupid. If cannot afford like me, just accept and face the fact, no point getting emotion about it.

[13177]

On 5/20/2024 at 5:57 PM, Benarsenal said:

Value and worth are quite different things IMO.

Just because someone willing to pay 2m, doesn't mean the thing is worth 2m.

But there are many hdb selling at millions le, can’t be there are so many fools around? 😅

I still think willing seller willing buyer. Nobody force who. 😂

[Rskc]

On 5/20/2024 at 5:57 PM, Benarsenal said:

Value and worth are quite different things IMO.

Just because someone willing to pay 2m, doesn't mean the thing is worth 2m.

Ask bimmer fans, they will say the drive is value for and worth the money, never mind the leaks.

Ask tesla fans and they will say the gadgets are value for money and worth the money, never mind the greenhouse effect. 

Ask toyota fans...they will say "what drive, tyres can roll can liao; what pad? Ipad on wheels? Siao".

😄😁

Edited May 20, 2024 by Rskc