COE Bidding – 1st Round of February 2018

[Kia7200]

Will go up both cat 2k

[car_Boy_75]

CAT A go up by $2-3k, CAT B remain or go up slightly more.

[Vidz]

hearsay BM and some AD didn't bid the last round due to whatever reasons. ah-gong also kancheong announcing tightening on CatA.

 

So my guess is +2k; 40K CatA and 45K CatB

 

HUAT Ah!

[EvaEva]

Most ADs raised prices before the Motorshow in Jan expecting demand to rise. However, COE fell and those made bookings during the show were caught. Expect COE to fall further going forward. The correction of the stock market globally will be felt badly this time.

[Jwee85]

Perhaps today stock market and Bitcoin issues will temper the demand this week.

 

I will likely bid for the second round after the CNY.

 

Demand seems week over the last two weekends.

If the weak sentiments carry forward, the COE will soften after CNY.

 

Hope the budget day announcement will lower the ARF to a lower level, 0% if possible.

LHL has promised many years ago, to make car ownership affordable but driving to be expensive.

This should be timed with the 2020 GPS ERP system.

[car_Boy_75]

Perhaps today stock market and Bitcoin issues will temper the demand this week.

 

I will likely bid for the second round after the CNY.

 

Demand seems week over the last two weekends.

If the weak sentiments carry forward, the COE will soften after CNY.

 

Hope the budget day announcement will lower the ARF to a lower level, 0% if possible.

LHL has promised many years ago, to make car ownership affordable but driving to be expensive.

This should be timed with the 2020 GPS ERP system.

They're scrambling to raise taxes and you're hoping ARF to be 0% after the budget?

[leslchia]

Market V Weak

Guess Cat A 32K

                  B 35K

                  E 36K 

[Fitvip]

Community Service time...

 

Need a small favor from those who are has been following the COE Bidding threads I have started.

 

As I have receive several requests over the past 1.5 years, to include more useful information in the table, I have made some amendment to it, replacing the revenue collected for each category, with movement for that category (in absolute $ and %) for ease of reference.

 

I will need you to choose the preferred format via the poll created. Full changes (for the year 2006 - 2018 data) will be effective from next bidding exercise. Thanks in advance for your help with the poll and have a nice weekend.   Also, Best of Luck to those vested.

 

Old Format

 

New Format

 

The details of the February 2018 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 5 February 2018, 12 noon

Tender closes: Wednesday, 7 February 2018, 4.00 pm

Tender results: Wednesday, 7 February 2018 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,392 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,557 (-156 / -9.11%)

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,396 (+15 / +1.09%)

Category D: Motorcycles => 624 (+59 / +10.44%)

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 249 (-8 / -3.11%)

Category E: Open Category => 566 (+51 / +9.90%)

Great effort. New format is nice!

[JQ01]

Prefer new format personally.

 

Just guessing:

 

Cat. A: $35K (slightly down)

Cat. B: $39K (another $3k down)

[DACH]

Market V Weak

Guess Cat A 32K

B 35K

E 36K

New year already. Economy still bad.

Haizzz

[EvaEva]

As with any correction, CAT A may rise this round but likely to fall greater than the rise in subsequent bid. If we take a 3 to 6 months horizon, COE should fall gradually.

[Wildfaye29]

As with any correction, CAT A may rise this round but likely to fall greater than the rise in subsequent bid. If we take a 3 to 6 months horizon, COE should fall gradually.

Why. Explain the reasons and rational.

[Kurty]

Market V Weak

Guess Cat A 32K

                  B 35K

                  E 36K 

 

keeping our fingers crossed 

[Spring]

My take is COE will rise by up to 2k reason being it always does after a downward correction n with less COEs coming up, it shld inch up.

[Friendstar]

keeping our fingers crossed

U book which car

[Kurty]

U book which car

 

none, waiting for COE to hit 30k then i will consider 

[DACH]

none, waiting for COE to hit 30k then i will consider 

Aim which car then?

[supersen]

hearsay BM and some AD didn't bid the last round due to whatever reasons. ah-gong also kancheong announcing tightening on CatA.

 

So my guess is +2k; 40K CatA and 45K CatB

 

HUAT Ah!

if AD didn't bid and ah gong tightening cat A, wouldnt make sense to increase cat A anymore right??