COE bidding - 2nd round of Feb 2017 delayed with change

[Tianmo]

If we look at the formation of CEVS again. Instead of collecting the money from you first, and return a percentage to you 10 years later, CEVS did the opposite. 

 

assuming an average of  $10,000 is rebated on every car on CEVS . $10,000 x 4000 cars x 2 times a month.

 

$80,000,000 a month, translated into $960,000,000 a year of advance payment the gov can keep for 10 yrs, Interest free. 

 

Better than selling gov bonds, whose idea was it to not collect this money?     

[awth]

I signed this week, supposed to collect car on 25th. SE told me changes won't affect, will collect car on 27th instead.

 

Anyone remember if the bidding has ever been delayed in the past?

[Tianmo]

If CEVS is removed/reduce by a big sum, and given to the area where demand is the lowest (read electric cars) , technically the gov is still supporting green vehicles and seen as encouraging to switch to green cars.  

 

If CEVS is added back to car price, suddenly almost every car will increase by $10K. Lets say effective in march, and we will see showroom employ security guards to allow buyer in batch by batch, alike LV boutique.  

 

And COE will just take a lift up from mid floor  level 15 to level 25.     

[Philipkee]

I am guessing that the coe for public hire cars will removed from whatever cat and put into a new car or added into the one for commercial vehicle. MAYBE this will start from march but why announce now and why the delay?

 

1) the private hire companies will have to compete with companies so coe will rise for the cat c

 

2) A proportionate decrease in coe for the car category will see coe rise for a b and e

 

3) the reason for the delay is to give potential buyers to have the chance to rush to showrooms after this budget day so that the coe for this coming coe bid will rise or not fall.

[Arch1984]

If CEVS is removed/reduce by a big sum, and given to the area where demand is the lowest (read electric cars) , technically the gov is still supporting green vehicles and seen as encouraging to switch to green cars.

 

If CEVS is added back to car price, suddenly almost every car will increase by $10K. Lets say effective in march, and we will see showroom employ security guards to allow buyer in batch by batch, alike LV boutique.

 

And COE will just take a lift up from mid floor level 15 to level 25.

Yeah same as what happened the last round when cevs got reduced when buyers rushed to get their car before cevs reduction. After the cevs reduction kicks in coe go back down again. Pay the same price but get more parf.

[Kasiao]

My SE informed that Monday all car prices will increase.

[Nighto]

Exciting times! Must join in to be part of the guesswork action.

 

1) CAT A and B to be combined into one big number.

2) COE quota to remain unchanged.

3) Road Tax to be revamped with big cars exponentially paying higher taxes.

4) PH cars remain as a free market no restrictions.

5) New better options/plans for COE renewal to smoother even the supply.

 

Whatever price the COE lands on after these changes is up to the free market forces. +1 PAP logic

[Dilemma]

Increase also must have reason....why increase ????

 

The reason is simple, just 1 word. Our dear PAP ministers embraces it very well.

 

GREED.

[therock]

Increase also must have reason....why increase ????

Make you commit..

They raise, then offer you the 'same price' or 'hold' the price and viola, you will commit in fear of losing out..

Good move.

[Archang3l]

They'll probably have something preventing cat B from being lower than cat A

[therock]

Hmmm very odd that we had to lock the last thread on COE, considering that none of the past threads were locked? 

[No_worries]

I would rather LTA say the bidding exercise is postpone and not mention 'due to upcoming announcement'. This causes a lot of speculation and it is not good for businesses .

[RadX]

Oversight and seems like mcf is coe forum

Really wonder

 

Nooothing else to Tok besides coe.... whole focus of active discussion threads all around price entry, expiry, discounts, etc

 

 

 

Sad state

[east41st]

will see, but gov can not do it too obviously.

 

Election already long over. Obvious or not does not matter.  

[therock]

Oversight and seems like mcf is coe forum

Really wonder

 

Nooothing else to Tok besides coe.... whole focus of active discussion threads all around price entry, expiry, discounts, etc

 

 

 

Sad state

As tianmo bro said, elections will be another hot area.

But our lives seem to revolve around accidents and COEs...

[RadX]

As tianmo bro said, elections will be another hot area.

But our lives seem to revolve around accidents and COEs...

Sadly....

[Nav14]

Are you on the sidelines waiting to enter? have you decided which car?

 

I think you should hold out till monday before deciding, especially if you going for CAT A car

 

best is to get into very advance negotiation with your SE this weekend, just short of signing and placing your deposit.

and once announce on Monday, be ready to decide or action on Tuesday

Very likely related to closing the loopholes for PH. Many are buying cars as private Hirers with low downpayment and high interest rates. Also likely to get them to bid for the taxi Coe category. Net effect should be lower cat A prices.

[RadX]

Very likely related to closing the loopholes for PH. Many are buying cars as private Hirers with low downpayment and high interest rates. Also likely to get them to bid for the taxi Coe category. Net effect should be lower cat A prices.

More like loan tightening?