Do take note that COE revenue (per bidding exercise) is at all time low since Jan 2015, and year on year, the total premium collected for the 1st half year is $1.75 bil (2018) vs $2.53 bil (2017) vs $2.32 bil (2016) vs $1.89 bil (2015).
Even if we assume that 70% of the new car will need to pay VES surcharge of $10K in average, that would add "just" $289 mil to LTA revenue in the 1st half of this year (which bring the total tax collected to ~$2.04 bil). So I have every reason to suspect that some policy change might be announced in the next few months, in bid to turn the situation around (to boost government earning).
Good Luck to all vested!
Past Bidding Results (2001 - 2018)
PQP (2013 - 2018)
The details of the July 2018 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 2 July 2018, 12 noon
Tender closes: Wednesday, 4 July 2018, 4.00 pm
Tender results: Wednesday, 4 July 2018 (Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 4,239 for the following vehicle categories:
Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,435
Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,288
Category D: Motorcycles => 612
Category C: Goods Vehicles and Buses => 313
Category E: Open Category => 591
During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks’ services or the LTA Open Bidding website (https://ocoe.lta.gov.sg).