Jump to content

COE Bidding – 2nd Round of April 2017


Carbon82
 Share

Recommended Posts

For once, I am guessing that we shall see a sharp drop in COE premium for Cat C. [:p]

 

29xwt1t.png

 

snc7dz.png

 

2itj2o5.png

 

 

The details of the April 2017 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 24 April 2017, 12 noon

Tender closes: Wednesday, 26 April 2017, 4.00 pm

Tender results: Wednesday, 26 April 2017 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,413 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,052

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,369

Category D: Motorcycles => 347

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 163

Category E: Open Category => 482

Edited by Carbon82
↡ Advertisement
  • Praise 8
Link to post
Share on other sites

My guess  and usually i dont interested on Cat C result but this round is interesting. Probably many buyers for cat C hold on this time

 

Cat A 51500

Cat B 53000

Cat C 38000

  • Praise 3
Link to post
Share on other sites

Supercharged

COE prices are controlled by the dealers. as long as the car selling price is fixed with the (intended) COE price, the dealer will just

hamtan the amount into the bid. anyway, the dealer's mind is the car is sold to a willing buyer who already agreed to the car + COE

price, why bother le?

 

if you look at the spread shiit of our COE bidding history, you can see that some s.bid number and bid received have no significant

increased in number but the successful bid price increased in many folds. CAT C - year 2006 to 2008. it is not difficult to see that the

dealers then was desperate to close some deals and thus started to bid the COE with higher prices soon after 2006. this shows that 

s.bid number and bid received are NOT the only component attribute to the successful bid prices. 

 

anyway, the COE prices will not deflating much as long as if we have to get the dealers who are desperately needed to sell to bid for us.  :a-bang:

 

 

  • Praise 1
Link to post
Share on other sites

Yeah but dealer will not anyhow bid if they have no orders to fulfil. As long as Singaporeans are doing well and can afford to pay the prevailing COE prices, hard for COE to drop.

 

It will only drop when there is a drop in orders and dealers need to reduce price to sell their cars. But then, Grab or Uber or the government will come in.

  • Praise 3
Link to post
Share on other sites

COE prices are controlled by the dealers. as long as the car selling price is fixed with the (intended) COE price, the dealer will just

hamtan the amount into the bid. anyway, the dealer's mind is the car is sold to a willing buyer who already agreed to the car + COE

price, why bother le?

 

if you look at the spread shiit of our COE bidding history, you can see that some s.bid number and bid received have no significant

increased in number but the successful bid price increased in many folds. CAT C - year 2006 to 2008. it is not difficult to see that the

dealers then was desperate to close some deals and thus started to bid the COE with higher prices soon after 2006. this shows that

s.bid number and bid received are NOT the only component attribute to the successful bid prices.

 

anyway, the COE prices will not deflating much as long as if we have to get the dealers who are desperately needed to sell to bid for us. :a-bang:

I shall say COE is mostly control by buyer as nowadays more people paid GTD COE than 10 years ago due to buying car very uncertain nowadays due to private hires , LTA system twist here and there , CEVS vs VES ( from hero become zero ) ... buyer wants to have peace of mind and pay extra for gtd so the dealers LL must give you the COE ... another words I also shall say gtd COE package is gimmicks as dealers already got open cat on hand and they are no need to worry COE price up or down , if up they always can use open cat and if down they bid for you lo and at the same time laugh all the way to the bank .... that's why gtd package one mostly get open cat .
  • Praise 2
Link to post
Share on other sites

one noob question... say one gotten the CAT B COE under the owner/buyer's name last month, i.e. I login in to the LTA's COE website and confirmed that the AD had successfully bidded and secured the COE under my name,  will it suddenly turned out to be a Open CAT when come to the delivery and registering of my new car in one month time? ie on the paperwork..

 

 

Edited by Atomicman
Link to post
Share on other sites

one noob question... say one gotten the CAT B COE under the owner/buyer's name last month, i.e. I login in to the LTA's COE website and confirmed that the AD had successfully bidded and secured the COE under my name,  will it suddenly turned out to be a Open CAT when come to the delivery and registering of my new car in one month time? ie on the paperwork..

You don't have to worry about that. CAT A/B COE is non-transferable meaning if bid in your name, it can only be use for registering of vehicle under your name. So if the dealer or the company don't use it to register the vehicle in your name, it's as good as throwing away SGD10K.

  • Praise 2
Link to post
Share on other sites

You don't have to worry about that. CAT A/B COE is non-transferable meaning if bid in your name, it can only be use for registering of vehicle under your name. So if the dealer or the company don't use it to register the vehicle in your name, it's as good as throwing away SGD10K.

 

thanks Bro!

Link to post
Share on other sites

Twincharged

My guess and usually i dont interested on Cat C result but this round is interesting. Probably many buyers for cat C hold on this time

 

Cat A 51500

Cat B 53000

Cat C 38000

Cat C will be much lower. @38k tan Chong will lose money. They have priced the selling price 20-25k lower than the last selling price.
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...