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  1. 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
  2. Hi guys, my Audi 1.8TFSI was on MTM staged 1 tune. I did an engine overhaul with new sets of Wossner pistons recently. Would it be recommended to go for a re-tune of the ECU?
  3. Good News for All !!! SINGAPORE: There will be more Certificates of Entitlement (COEs) available in the February to April period, with the quota set at 26,391 – an 8.9 per cent increase from the previous quarter, according to figures released by the Land Transport Authority (LTA) on Thursday (Jan 19). A total of 24,234 COEs were available in the November 2016 to January 2017 period. Except for Category C and D, all other vehicle categories will see a rise in the number of COEs. In Category A, which is for cars up to 1,600cc and maximum power output not exceeding 97kW, there will be a monthly quota of 4,104, up from the previous quarter's 3,688. Category B, which is for cars above 1,600cc or maximum power output above 97kW, will have a monthly quota of 2,714 COEs, compared to 2,486 in the previous quarter. As for Category C, which is for goods vehicles and buses, the number of monthly COEs will be 322, slightly lower than the previous quarter's 361. In Category D, which is for motorcycles, the monthly COE quota is 692, down from the previous quarter's 741. Category E - also known as the Open Category - will see a monthly quota of 963 COEs, compared to 799 in the previous quarter. According to LTA, the COE quota consists of three components: The provision for the 0.25 per cent per annum vehicle growth was based on the vehicle population as at Dec 31 last year; the replacement COEs from vehicles de-registered over the preceding three-month period of October to December 2016; and adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme and expired COEs. The next quota announcement for the bidding period of May to July will be made in April. - CNA/mz
  4. OK, so I guess most people already know how a car loan of 2% HP rate equals to easily over 5% APR over a few years. But for mortgage loans in Singapore, the rate which the bank advertises, is the 'nominal' APR and not the effective APR correct? e.g. I understand most banks use the 'daily rest' method to compound mortgages? (correct me if I am wrong, which banks here use monthly rest?). So for a loan at nominal 5% APR but with daily compounding, it would say work out to about 5.13% effective APR. Am I right to say the APR quoted by the banks here for mortgages is the nominal and not the effective APR? Is there any MAS rules that says we can ask for the effective APR from the banks?
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