awhtc
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1,527 5th Gear
About awhtc
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My gut feel is when the quota is on the down trend, and the excess bids are >40% of quota for 2-3 consecutive COE tenders, the COE prices will start to adopt an uptrend.
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I have translated it here via translation software: http://s000.tinyupload.com/index.php?file_id=81693427953106215411
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Bidding status as at 22/10/2019 https://www.onemotoring.com.sg/content/onemotoring/home/buying/coe-open-bidding.html
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Looking at the COE bidding and quota, Cat A and B/E are likely to go up slightly in this round.
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With VES, that will be a nice profit.
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I just realised that the petrol version has to enjoy the $10k VES rebate to make any financial sense for PI. However, the OMV of $22k+ is on the high side since it is equivalent to the hybrid version.
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For Honda Shuttle petrol, if: the OMV is around $22k+ (https://www.onemotoring.com.sg/content/onemotoring/home/buying/upfront-vehicle-costs/open-market-value--omv-.html?year=2019), the basic car cost without COE is already about $52k (https://www.onemotoring.com.sg/content/dam/onemotoring/Buying/Car_Cost_Update/Car_Cost_Update.pdf) - proxy HRV 1.5 LX CVT Given that the: the PI's average selling price is around $90k (https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11745&Subcode=6990), COE (Oct 2019) is around $34k, the gross profit will be about: $90k (selling price) - $52k (car cost) - $34k (COE) = $4k, excluding logistic cost, emission test, warranty, tax, rental, commission etc. Effectively, that will mean a loss for the PI. Am I missing anything here? 🙄
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2019 New(MC) HONDA SHUTTLE HYBRID 1.5L 4WD - Exterior & Interior https://www.youtube.com/watch?v=XL1TwOyyFqc
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I never understand why some drivers like to drive in such open-top cars when the air along the Singapore roads are so pollutive. After freshly washed my car and driving around for 30 min, there will always be a thin layer of greasy grime on my glass surface.
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Property speculators attracted by lowered threshold for foreigners to purchase Malaysian property: Sin Chew Daily https://www.straitstimes.com/asia/property-speculators-attracted-by-lowered-threshold-for-foreigners-to-purchase-malaysian
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Cam car driver was in the wrong. The blue car was already partially in the lane when cam car driver decided to speed up.
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This will reduce upward mobility and social progress.
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Singapore is already testing the concept of polders to increase land. National Day Rally 2019: Land reclamation, polders among ways S'pore looks to deal with sea-level rise https://www.straitstimes.com/politics/national-day-rally-2019-land-reclamation-polders-among-ways-spore-looks-to-deal-with-sea
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There are a lot of heavy vehicles and vans speeding.
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Singapore was almost in recession in the last quarter but the property buying was still relatively intensive. I wonder why property buyers are still so bullish.
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