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101 replies to this topic | 260 praises

#1

Posted 24 January 2019 - 11:32 AM

RickWong
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The Land Transport Authority has announced that there will be fewer certificates of entitlement for the next three months starting from February.
There will be fewer certificates of entitlement (COE) for the next three months starting from February.

The Land Transport Authority (LTA) said the supply of Category A COEs, which are for cars up to 1,600cc, will shrink by 9.1% to 3,300 a month. Category B (cars above 1,600cc) will have 2.9% fewer certificates at 2,471 a month. There will be 26.4% fewer open category COEs, which are for all vehicles except motorcycles, at 784 a month.

Commercial vehicle buyers and sellers will have 25.2% fewer COEs at 1,651 per month. And motorcyclists will see a 7.6% dip in their COE supply to 608 pieces a month. In total, the supply is 12.9% smaller than the November-January quota.
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#2

Posted 24 January 2019 - 11:32 AM

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#3

Posted 24 January 2019 - 03:14 PM

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Why u wanna spam when got lotsa COE thread oredi? Trying to drive fear for buyer? No motorshows but quota is same as 3Q18 when COE dip from 34k to 25k

#4

Posted 24 January 2019 - 04:29 PM

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Why u wanna spam when got lotsa COE thread oredi? Trying to drive fear for buyer? No motorshows but quota is same as 3Q18 when COE dip from 34k to 25k

i click it came out 2 post when it load....🙄

Edited by RickWong, 24 January 2019 - 04:29 PM.


#5

Posted 24 January 2019 - 04:46 PM

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The Land Transport Authority has announced that there will be fewer certificates of entitlement for the next three months starting from February.
There will be fewer certificates of entitlement (COE) for the next three months starting from February.

The Land Transport Authority (LTA) said the supply of Category A COEs, which are for cars up to 1,600cc, will shrink by 9.1% to 3,300 a month. Category B (cars above 1,600cc) will have 2.9% fewer certificates at 2,471 a month. There will be 26.4% fewer open category COEs, which are for all vehicles except motorcycles, at 784 a month.

Commercial vehicle buyers and sellers will have 25.2% fewer COEs at 1,651 per month. And motorcyclists will see a 7.6% dip in their COE supply to 608 pieces a month. In total, the supply is 12.9% smaller than the November-January quota.

Yeah! Economy growth will be 2%.
More Jobs cut and fewer jobs available.
Economy environment has become very hostile.

#6

Posted 25 January 2019 - 05:58 AM

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.


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#7

Posted 25 January 2019 - 06:13 AM

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.

Some may have scrap their cars earlier and their coes will have gone back into the market, thus spreading out the supply so prices may not spike as much.
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#8

Posted 25 January 2019 - 06:27 AM

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Majority of those who bought during the 2013 peak had already scrapped their cars.

Hence, the COE supply will come down quite fast from 2020 to 2024 before expanding again.

In fact, the cyclic prices of 2019-2028 might be even worse than the previous 2009-2018 cycle if demand is held constant.

Usually, I guess the COE biddings for fun but the above trend is quite a firm projection.
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#9

Posted 25 January 2019 - 07:26 AM

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Many people also extend their COEs for 5 years recently.
That should also be factored in the next few years.
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Dream car: Lamborghini Murcielago 6.2

#10

Posted 25 January 2019 - 08:42 AM

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Based on data from LTA website, assuming current demand is constant, the COE prices should go up sharply from the 2nd half of this year and peak in 2024.

So sure... Do you know the economy condition......
Singapore economy is slowing down less than 2%. Hey day is over.
Better worry jobs unless you have silver spoon.

Majority of those who bought during the 2013 peak had already scrapped their cars.

Hence, the COE supply will come down quite fast from 2020 to 2024 before expanding again.

In fact, the cyclic prices of 2019-2028 might be even worse than the previous 2009-2018 cycle if demand is held constant.

Usually, I guess the COE biddings for fun but the above trend is quite a firm projection.

At the same time, Singapore economy is coming down very fast.
Common Singaporean is getting smarter. Car ownership could be secondarly. House ownership is more important.
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#11

Posted 25 January 2019 - 08:50 AM

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Don't worry too much that COE prices will spike.

 

Car buyers are now used to $30K (or lower) COE.

 

If COE spikes far beyond $30K, the buying will slow down significantly.

 

Car distributors will then bid lower to attract the crowd and COE prices will fall back to current sub $30K levels.


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#12

Posted 25 January 2019 - 09:10 AM

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So sure... Do you know the economy condition......
Singapore economy is slowing down less than 2%. Hey day is over.
Better worry jobs unless you have silver spoon.
At the same time, Singapore economy is coming down very fast.
Common Singaporean is getting smarter. Car ownership could be secondarly. House ownership is more important.

 

Sadly car ownership has been the first aim of the younger generation.


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#13

Posted 25 January 2019 - 09:12 AM

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Sadly car ownership has been the first aim of the younger generation.

I do not think so. Unless, he or she from well to do family.
By the way, GPSS ERP is coming.

#14

Posted 25 January 2019 - 09:13 AM

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There's an article in ST today. Head of sales of Nissan commented that in his experience pre-CNY period demand is typically weak!

Counter intuitive?
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#15

Posted 25 January 2019 - 09:13 AM

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Now many young gen getting used to grab service. Screen time More important than eyes on road grab steering wheel.
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#16

Posted 25 January 2019 - 09:14 AM

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Many people also extend their COEs for 5 years recently.
That should also be factored in the next few years.

I will join this family soon also.

#17

Posted 25 January 2019 - 09:20 AM

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I do not think so. Unless, he or she from well to do family.
By the way, GPSS ERP is coming.

But based on the people i know. Mostly have a car before getting a property and i'm one of them.



#18

Posted 25 January 2019 - 09:21 AM

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One day COE will be irrelevant.

With satellite COE every inch you drive you will pay and car parks will be very expensive like Hong Kong.

So every one can buy a car just cannot afford to drive or park it.

:D
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#19

Posted 25 January 2019 - 09:21 AM

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My noob guess is coe hover around 26k during this period
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#20

Posted 25 January 2019 - 11:27 AM

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Sadly car ownership has been the first aim of the younger generation.

The real concern is a high percentage of first time car owners who just started work  are looking at cars as a status symbol instead of a mode of transport.

 

They could spend just $70K for a Hyundai Avante or Kia Cerato or $60K for  a Mitsubishi Attrage or Perodua Bezza, but these people rather spend double - over $130,000 for a base model Audi A3 which comes with an underpowered 1000cc 3 cylinder, 12 valve engine.

 

Many live on future money and live by the month.


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