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COE is 33years old... LTA still cannot get its act together. adjusting and adjusting... a thermostat is cheaper and faster.... https://www.channelnewsasia.com/singapore/lta-adjust-coe-quota-calculation-reduce-supply-volatility-3219981 SINGAPORE: The Land Transport Authority (LTA) announced on Friday (Jan 20) that it would be adjusting the method for computing Certificate of Entitlement (COE) quota available for bidding. The adjustment - six months after a similar move last year - is to "further reduce the quarter-on-quarter volatility of COE supply", said LTA. With effect from Feb 1, the number of COEs available for bidding in each quarter will be the rolling average of the number of vehicles deregistered over the previous four quarters, instead of two. For example, the number of COEs for the upcoming quarter of February to April will be 25 per cent of the number of vehicles deregistered from January 2022 to December 2022. The number of COEs for the next quarter - May to July - will be 25 per cent of the number of vehicles deregistered from April 2022 to March 2023. The start of each new COE quota bidding period will continue to be one month after the close of each calendar quarter. COE QUOTA FOR FEBRUARY TO APRIL The COE quota for February to April will be 9,437. This is a 3.4 per cent increase from the 9,128 COEs in the previous quarter. Bidding under the upcoming quota will start on Feb 6, said LTA . Under the previous method, the quota for the February to April period would have been a lower figure of 8,695, a difference of 7.9 per cent or 742 COEs. The next quota announcement for the bidding period of May to July will be made in April. After the adjustment in calculation method last year, experts told CNA that COE price peaks would not be as high as they would be under the current counting method. However, COE price troughs will also not be as low as they would have been.

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Highest Record Cat A => $92,100 [Jan 2013] Cat B => $115,388 [Nov 2022] Cat C => $81,802 [Nov 2022] Cat D => $13,189 [Nov 2022] Cat E => $116,577 [Nov 2022] The details of the January 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Tuesday, 3 January 2023, 12 noon Tender closes: Thursday, 5 January 2023, 4.00 pm Tender results: Thursday, 5 January 2023 (Available on www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,533 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)) => 462 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 410 Category D : Motorcycles => 445 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 70 Category E : Open Category => 146

Paiseh paiseh, I am late for this month... @Arogab @Wildfaye29 Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Highest Record Cat A => $92,100 [Jan 2013] Cat B => $115,388 [Nov 2022] Cat C => $81,802 [Nov 2022] Cat D => $13,189 [Nov 2022] Cat E => $116,577 [Nov 2022] The details of the December 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 5 December 2022, 12 noon Tender closes: Wednesday, 7 December 2022, 4.00 pm Tender results: Wednesday, 7 December 2022 (Available on www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,544 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)) => 458 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 427 Category D : Motorcycles => 441 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 69 Category E : Open Category => 149

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending The details of the November 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 7 November 2022, 12 noon Tender closes: Wednesday, 9 November 2022, 4.00 pm Tender results: Wednesday, 9 November 2022 (Available on www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,528 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)) => 460 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 411 Category D : Motorcycles => 441 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 70 Category E : Open Category => 146

https://www.straitstimes.com/singapore/transport/should-i-get-a-new-car-or-revalidate-the-coe-on-my-existing-one Saw this title but I have no subscriptions to read the article. It is interesting to revisit this topic now that COE prices is at 10 year high. If one has a lots of spare cash, then this discussion is irrelevant, please skip and go straight to sgcarmrt new car section.😄 I will stick to two distinctive categories, that is buying a new car vs renewing COE, the comparison will purely base on economy sense, not taking into considerations about new leather smell, flashy look, newer technology of a new car. Buying a new car now will tie one down with a 10 years of high COE, if he sells his car along the way when COE is lower, he will lose extremely high depre of his car. If he scraps it, he will get back paper value, lossing half the ARF or more depending on the emission rebate of his car, huge dealer margin and excise tax etc which will be a huge sum. Not to forget, dealer margin in SGP is based on total sales price, higher COE price will attract higher dealer margin. Conversely, if one will to renew COE assuming his car condition is decent, then he will just have to write off his PARF, no dealer margin, ARF to pay for, so the cost is relatively cheaper. Assuming 3 years down the road when COE drops,, he can scrap his car and get back his remaining unused COE and go buy a new car. If his car is a B& B car like Altis or Elantra, then his financial PARF write off will be limited to that $10k there about over the number of years, which is quite manageable. If one has a higher PARF car, then he may have to do his sum carefully. Next let's look at another alternative, that is buying a used car. If given myself this situation, my thought would be to buy a used car that is about 7 years old, allow me to ride through the high COE period and see how it goes, if COE drops by then, I will just scrap my car and buy a new one, or even renew its COE when PQP is lower. Considering the straining economy outlook now, better be more prudence in spending.

The details of the October 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 3 October 2022, 12 noon Tender closes: Wednesday, 5 October 2022, 4.00 pm Tender results: Wednesday, 5 October 2022 (Available on www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,806 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)) => 564 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 474 Category D : Motorcycles => 505 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 84 Category E : Open Category => 179

I think the more commonly accepted problem of COE if that the price swings too much until it is like lottery as others would say. So what is the solution. I think instead of a bidding system a pricing system by the government is better but than you have to think about how to control the quantity of COE. I don't know much about COEs so I am putting this suggestion up for criticism. 1) create a reserve COE pool of 1% which is 10k out of a million vehicles. 2) Instead of twice a month bidding, COE bidding or sale window (a better name since no more bidding) is increased to twice a week because we need a faster feedback response to set the price faster. The number of COE per window is divided accordingly 3) The two BIG question is how do you set the price and what to do if more people want to buy in each window than what is available. 4) price set is based on demand derived from each window. It is similar to how to price every goods. If we sell out, we increase the price depending on how much we sell out. If we don't sell out, we DON'T reduce the price to ridiculous level just to sell out like the current policy. The unsold COE goes into the reserve pool and the price drops based on how much unsold we have. 5) If we sell out, we can take a certain portion of the reserve COE to meet the sudden demand. If the demand is too big, it is by drawing lots to decide allocation. That is why we need to have more frequent COE bidding as you cannot be sure you will be successful. To solve this problem, we can also create a new Cat COE where it is by bidding. If you are time sensitive, you can go there. We also want to adjust the price faster so we don't have a sell out situations often and run out of reserve COEs. There are probably more details to iron out but I am wondering if there is anything seriously wrong with this. It sort of duplicates what normal people do when selling stuff. They keep inventories, and they price their goods based on demand. The only different thing is allocation is not allocated by first come first serve, but by drawing lots when sold out. If you looked at the current system, the MAIN problem of the system is that Price alone is handling ALL the fluctuations in the real world like demand. And instead of having the supply dampening those fluctuations, the supply itself is making worse as the supply it also wildly fluctuating based on things that happened 10 years ago. My system is trying to fix the supply side problem. It also removes the "bidding" problems like rigging, etc.

This is the new way forward? Seems like helplessness setting in. Quitting 5Cs? Netizens suggest many Singaporeans are content to 'just get by' - TODAY (todayonline.com) https://www.todayonline.com/singapore/trending-5cs-dream-quit-just-get-2003191 that said, we would lose all competitiveness and the path is then to import. I see more and more languishing in their demeanour with no more gumption to forge ahead. Good or bad?

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Past Bidding Results (2001 - 2021) Past Bidding Results (2022) 24 Months Trend Chart (Sep 2020 - Aug 2022) *chart taken from www.sgcarmart.com PQP (2010 - 2021) PQP (2022) The details of the September 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 5 September 2022, 12 noon Tender closes: Wednesday, 7 September 2022, 4.00 pm Tender results: Wednesday, 7 September 2022 (Available on the www.onemotoring.lta.gov.sg) The total quota available for this tender is 1,791 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)) => 556 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 => 515 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 85 Category E : Open Category => 165

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending The details of the August 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 1 August 2022, 12 noon Tender closes: Wednesday, 3 August 2022, 4.00 pm Tender results: Wednesday, 3 August 2022 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 1,863 (-149 / -7.41%) 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)) => 554 (-74 / -11.78%) Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 474 (-53 / -10.06%) Category D : Motorcycles => 573 (+12 / +2.14%) TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 95 (-7 / -6.86%) Category E : Open Category => 167 (-27 / -13.92%)

I am wondering, with COE being so high, should gov give COE rebates to households with 3 kids or more? Cars being a limited resource now, doesn't it make sense for a car to transport 5 people around vs 1 person on the road? If that one person cannot drive, all he adds is 1 person to the public transport load. Plus it helps to encourage kids which I feel is one of the biggest problems we have as a nation. Example, if the household rebate is 20%, you pay COE of 80% of prevailing price. If you scrape the car early, you will only get 80% COE rebate from remaining COE. When you sell the car to others, you have to top up the 20% of the remaining COE to prevent the next owner from benefiting from the reduced COE and the car COE gets converted to normal COE. This is to prevent profiteering.

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Past Bidding Results (2001 - 2021) Past Bidding Results (2022) Trend Chart (Jun 2020 - May 2022) *chart taken from www.sgcarmart.com PQP (2010 - 2021) PQP (2022) The details of the June 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 6 June 2022, 12 noon Tender closes: Wednesday, 8 June 2022, 4.00 pm Tender results: Wednesday, 8 June 2022 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 2,000 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)) => 612 Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 528 Category D : Motorcycles => 563 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 107 Category E : Open Category => 190

SINGAPORE - Consumers hoping for used car bargains will likely have to wait longer to see prices easing. While used car prices have been rising along with certificate of entitlement (COE) premiums, industry players say there are early signs of the market weakening after large car COEs breached the $100,000 mark in June. However, dealers are unwilling to drop prices on cars they had bought when the market price was high. Dealers said they have been offering higher prices to buy over used cars as the supply of used cars from new car trade-ins falls. This, in turn, translates into higher resale prices, which benefits sellers. Depreciation value reflects the basic cost of owning a car when comparing its purchase price with what it is worth at the end of its COE lifespan. In June this year, an owner of a 2018 Volkswagen Golf was offered $5,800 more than what the car was worth just three months ago by dealers on Quotz, an online bidding platform. The biggest source of used cars are trade-ins that come with new car purchases. But dealers have been going directly to owners to source for used cars, as new car registrations have fallen significantly during the current period of tight COE supply. In the first six months of 2022, there were 16,567 new car registrations, down 35.7 per cent from the 25,777 registrations seen in the same period in 2021. While fewer new cars were sold, used car transactions have been stable, with 47,480 recorded in the first six months of this year, a 1.4 per cent dip from the 48,173 seen in 2021. Since January, used cars have been selling faster than they did a year ago. At a major used car dealership, it takes less than 30 days for a car to leave its lot. In 2021, the average duration was 60 days. This suggests that more consumers are shifting to the used car market as new cars become increasingly more expensive due to rising COE prices. Dealers seem more hesitant to make higher offers for used cars as COE premiums continue to rise. Dealers are also concerned about whether buyers would be able to accept the higher used car prices. They are also wary of the risk of being caught with overly expensive cars, should COE premiums fall. This is a likely explanation for the stock situation at Sgcarmart, which is the most established player among online used car marketplaces, with more than a thousand dealers. On average, 7,000 to 8,000 used car listings are added to the portal monthly. However, its spokesman said the overall stock of cars has come down slightly since June. That is to say, its dealers are not replenishing their stock of cars as quickly as they are sold. Mr Raymond Tang, honorary secretary of the Singapore Vehicle Traders Association, said dealers may be becoming more selective about the cars they want to sell and how much they are willing to pay for them, following a rush for stock to meet strong demand in the earlier part of the year. https://www.straitstimes.com/singapore/transport/used-car-prices-expected-to-stay-high-for-the-rest-of-2022 Used values of some car models may have also become too inflated to be resold easily, he added. Hence, some dealers are adjusting their valuation when making offers. Demand may also be starting to taper following record-breaking COE premiums. At the latest tender exercise that ended on July 20, the price of an Open category COE was $114,001 while the category for large cars was priced at $110,003. A salesman who has been in the trade for more than 20 years said showrooms for used cars at Automobile Megamart in Ubi have been much quieter in recent weekends. While used car prices rise quickly with new car prices, they tend to lag behind when the opposite happens. Industry watchers say it is unlikely for used car prices to come down in the near future - at least not for a while.

Didn't know that it has started on Wednesday, and the bidding exercise will end this afternoon. High chance COE premium will continue to soften this round. Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Trend Chart (Jan 2020 - Mar 2022) *chart taken from www.sgcarmart.com The details of the May 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Wednesday, 4 May 2022, 12 noon Tender closes: Friday, 6 May 2022, 4.00 pm Tender results: Friday, 6 May 2022 (Available on the www.onemotoring.lta.gov.sg) The total quota available for this tender is 2,001 (+245) for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1600cc & 97kW (130bhp), fully electric car up to 110kW (147bhp)) => 612 (+80) Category B : Cars (above 1600cc or 97kW (130bhp), fully electric car above 110kW (147bhp)) => 527 (-33) Category D : Motorcycles => 563 (+159) TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 104 (+28) Category E : Open Category => 195 (+11)

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Trend Chart (Jan 2020 - Mar 2022) *chart taken from www.sgcarmart.com The details of the April 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 4 April 2022, 12 noon Tender closes: Wednesday, 6 April 2022, 4.00 pm Tender results: Wednesday, 6 April 2022 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 1,758 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1600cc & 97kW (130bhp)) => 536 Category B : Cars (above 1600cc or 97kW (130bhp)) => 550 Category D : Motorcycles => 407 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 85 Category E : Open Category => 180

1994: The one and only time COEs hit S$100,000 FRI, APR 08, 2022 - 1:07 PM MATTHEUS WEE THE angry Facebook reacts are out in full force. The fear is starting to creep in. On the lips of observers all around, the same question is starting to form: Will COE premiums hit S$100,000? To be more accurate, that question was already floating around on Wednesday (Apr 6), as it also was 2 Wednesdays ago. We know how both eventually panned out, though. Cat B and Cat E ultimately didn't cross the dreaded 6-figure line, although as some sort of perverse inside joke, the latter levelled out at S$99,999 yesterday (What is this? A twisted version of the Great Singapore Sale?). The former, on the other hand, dropped slightly - by S$500. It's to be expected that many of us will gawk at the numbers now, but some (probably) older folk will remember: They don't actually represent the highest peaks premiums have ever scaled. The events of 1994: Lead-up to 100k The lead-up to S$100,000 back then wasn't so much a sudden twist as it was a slow build, begrudgingly recognised in the papers as an inevitable culmination of prices inflating across 2 years. It's difficult to pin the phenomenon down to any single event or reason, but we can broadly focus on 2 forces acting in relation to one another. The first: Singapore's economy was booming. Without diving into an exhaustive list of what was happening, the general sensing one may get from the period is that folks were doing well financially. For example, CPF funds were liberalised for investment in 1993 (Ctrl + F "Basic Investment Scheme" here). The stock market was on a good run. And bank interest rates were low. In essence, people had the cash to spare, and more importantly, they were willing to part with it. (On a side note, there's also the fact that a spanking new initiative - called the "Goods and Services Tax" - had been recently announced for impending implementation... And at an exorbitant rate of 3 per cent too. We know what occurs when people fear an incoming price hike.) But there was another issue that cannot be ignored. Introduced as part of the Vehicle Quota System (VQS), the COE system was only 4 years old back in 1994. We grumble about it now, but there was objectively more that was wrong with it back then. Car loans at that point had yet to be restricted, meaning that one could effectively borrow close to the full amount for a car, then spread payments out over the entire 10-year period. More importantly, speculation and market manipulation was rife among distributors and dealers with deep enough pockets. For a while, this was even fine by the authorities, who were sold on the principles of free market economics. Flipping through the archives will reveal, in particular, that many believed regulations for the transference of vehicle ownership were too loose at that point. This enabled bigger market players to hoard COEs, and then bid aggressively to drive premiums skywards so that they could constantly offload their supply on hand at a profit. And so, skywards they went. In December 1994, premiums in Category 4 (for luxury cars, 2,001cc and above) reached an eventual high of S$110,500. Category 3 (for big cars, between 1,601 and 2000cc) also managed to exceed S$95,000. https://m.sgcarmart.com/articles/articleinfo.php?AID=4102&CT=e

Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: Real Time COE Bidding Results Check Your COE Bidding Status Latest COE Prices and Trending Past Bidding Results (2001 - 2021) Past Bidding Results (2022) Trend Chart (Dec 2019 - Feb 2022) *chart taken from www.sgcarmart.com PQP (2010 - 2021) PQP (2022) The details of the March 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 7 March 2022, 12 noon Tender closes: Wednesday, 9 March 2022, 4.00 pm Tender results: Wednesday, 9 March 2022 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 1,753 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1600cc & 97kW (130bhp)) => 531 Category B : Cars (above 1600cc or 97kW (130bhp)) => 551 Category D : Motorcycles => 405 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 76 Category E : Open Category => 190

Hello guys I went to the toyota showroom recently and saw on the price list that there's this "Gold COE price" for an extra $1000. Mind you it's not 1 bid guarantee, it's 4 bids guarantee. If you don't opt for it, it's 4 bid non-guarantee. Anyone knows if it is worth it to top up the extra $1000?

I bought Cat E car at 33k COE in 2018 (Cat A was 25k at the time), does it make sense to downgrade from Cat B to Cat A car now? Cat E is now 98k while Cat A is now 68k, so the price gap has grown from 7k in 2018 to 30k now. Does this mean I make 23k profit (before adjusting for COE depreciation)?

https://www.straitstimes.com/singapore/politics/budget-debate-new-coe-criteria-for-evs-charging-points-to-be-installed-in-nearly-2000-hdb-carparks-by-2025

Good day everyone, I'm looking to purchase my first car. Have been driving the family car on and off but now i've decided to buy my own. Been driving for around 4 years now. I'm currently looking at the BMW E89 Z4, which has a depre of roughly 11k/yr. I have no plans to have kids anytime in the near future and it's a car that i really like. The only concern i have is the road tax for the 6 cyl 23i. At the 15th yr, it amounts to an astounding 2.7k/yr. With that in mind, does it ever make sense to purchase a 2.5l COE car? Or do i just play w it for a few years then sell? I have also looked at the 2.0l turbo variant (20i), but being a newer model, it costs way more than the 23i (around 14k/yr depre). If it doesn't make sense to purchase a 2.5l COE car, what other options do i have? I have previously also shortlisted the 320i coupe (underpowered and heavy) and e250 coupe (hearsay FC is below average). Budget is around 80-85k. All suggestions all welcome, thanks in advance!

Borrowed @RadX's favourite gif, Or everyone's like @Jamesc, relaxing in one corner to decide what is the ideal buy / sell price (for their new / used car)? Oh I forgot, maybe many are still waiting for Friday Toto draw... Community Service brought to you by MCF Good Luck to all vested! 3 useful links for our dear MCFers: => Real Time COE Bidding Results => Check Your COE Bidding Status => Latest COE Prices and Trending The details of the February 2022 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 7 February 2022, 12 noon Tender closes: Wednesday, 9 February 2022, 4.00 pm Tender results: Wednesday, 9 February 2022 (Available on the www.onemotoring.lta.gov.sg website) The total quota available for this tender is 1,758 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES Category A : Cars (up to 1600cc & 97kW (130bhp)) => 542 Category B : Cars (above 1600cc or 97kW (130bhp)) => 550 Category D : Motorcycles => 406 TRANSFERABLE CATEGORIES Category C : Goods Vehicles and Buses => 80 Category E : Open Category => 180

Fewer keeping cars beyond 10 years, as COE renewals plunge for second year in a row to six-year low SINGAPORE - The number of people extending the lifespan of their cars has fallen sharply, which may turn out to be good news for those looking to buy a new car. Last year, the number of car certificate of entitlement (COE) revalidations plunged by 44 per cent to 11,305 - the lowest since 2015, according to Land Transport Authority (LTA) figures. This followed a drop of more than 50 per cent in 2020. This is a stark reversal of a trend that started in 2015, when motorists turned to revalidating their aging car's COE by paying a three-month average of the prevailing premium instead of buying a new one. https://www.straitstimes.com/singapore/transport/fewer-keeping-cars-beyond-10-years

Motor Mouth: COE price surge goes beyond supply and demand Christopher Tan Senior Transport Correspondent PUBLISHED FEB 11, 2022, 2:00 PM SGT ... The COE prices for cars are roughly double what they were before the pandemic. The shrinking supply of certificates has often been cited as the reason for the escalating premiums. While that is logical, it does not tell the whole story. In the last two years, it appears there is another factor turbocharging the surge in premiums - discretionary purchases. These include people trading in their current cars for new ones earlier than usual as well as those adding to their stable of vehicles. If you look at the supply and price trends from 2020, you will see price increases far outpacing the reduction in supply. On average, the Category A quota has shrunk by 21.4 per cent from 2020 to 2021, but the premium has gone up by 34 per cent. The disparity is more stark for bigger cars. On average, the supply of Category B and Open certificates has fallen by 24.2 per cent in the same period, but the average premium has soared by 63 per cent. The same can be seen in Category D (motorcycles), where a 9.7 per cent cut in supply has resulted in a 35 per cent rise in average premium. In the case of Category A, industry players say a rush by private-hire operators to replace ageing cars - especially those older than 10 years - to meet stricter regulatory requirements is a contributing factor. ... If the trend seen in the last two years persists this year, car and bike prices will reach unthinkable levels. And that will trickle down to consumers who do not drive or ride - in the form of higher fares and delivery charges. https://www.straitstimes.com/life/motoring/motor-mouth-coe-price-surge-goes-beyond-supply-and-demand

https://www.straitstimes.com/singapore/transport/budget-2022-buyers-of-luxury-cars-to-pay-even-higher-taxes so coming Wednesday COE up or down? 🤣🤣🤣 I think not much impact for above OMV $80,000 cars buyers 😭