COE: December...........

[ac323]

Certificate of Entitlement, or COE premiums, for the first bidding exercise in December ended mixed on Wednesday, with the highest increase seen in the Open Category (Cat E) which jumped by $3,010 to close at $97,000.

Also up are rates for goods vehicles and buses. COE premiums for this category (Cat C) went up by $2,800 to $63,035.

Rates for small cars (1,600 cc and below under Cat A) closed at $78,523 - up by $1,232 from the last bidding exercise.

Going down though are rates for big cars (above 1,600 cc under Cat B) which dropped by $2,804 to $90,200.

Premiums for motorcycles closed at $1,612 - down by just $77.

Observers said car dealers could be bidding more aggressively due to a few factors.

Mr Ron Lim, General Manager of Tan Chong Motor Sales, said one of the factors is the rush for year-end registration.

"Basically you're looking at this month's registration to close off the year. Secondly, in anticipation of the expected further cut in quota come February. So everyone is rushing to get the COE and not take the chance to roll over," he said.

 

[wt_know]

Re: COE: December...........

coe is cheap ...

 

[ozipo]

Re: COE: December...........

coe is cheap ...

per hour it will be $11, per minute it is 18 cents...very affordable

 

[wt_know]

Re: COE: December...........

10 years loan ... 1st and 2nd year low repayment ... 3rd year onward who care ... huat ah

per hour it will be $11, per minute it is 18 cents...very affordable

 

[golilok]

Re: COE: December...........

how cum the open cat and B cat so confused

 

[wobbles]

Re: COE: December...........

I hope it breaks $100,000 ... then, my father (who was one of the Robert Carrot Top Heads back then who paid the $100,000 record breaking COE in the 90's) will finally say "See, I got a good deal!".

 

[kelvin yeo]

Re: COE: December...........

coe at record hi and still got ppl buying, but when erp is adjusted up 0.50$, or 1$, and car drivers will avoid those erp gantry, adjust their driving pattern singaporean are so weird and the gov are so "smart"!!
which is the better method of controlling car population??

 

[Red_Bean_Bun]

Re: COE: December...........

This is going to be permanant - so many people migrate here and start to buy houses and cars. This is not a supply demand issue. This is a policy issue because if for any reason anyone finds it easy to get a car then Singapore will have major traffic jams like Jarkarta, KL etc.

And I am talking about the type of jam where it takes 1 hour to get from one end of orchard road to another.

Will also create a car park crunch - no lots available. Come back after a 2 hour jam and the lots are full at your condo, house or hdb. Park 0.5km away and then walk to your residence ?

Already seeing the symptoms ......

 

[kelvin yeo]

Re: COE: December...........

the coe at record hi now because some smart alex gave out so many coe and caused the traffic jam everywhere and now they start to clamp down the quota.. sigh..
when the road is not crowded, they increased the coe quota, and tempted so many ppl buying car at record lo coe, is that the way to reduce car population??

 

[wt_know]

Re: COE: December...........

This is going to be permanant - so many people migrate here and start to buy houses and cars. This is not a supply demand issue. This is a policy issue because if for any reason anyone finds it easy to get a car then Singapore will have major traffic jams like Jarkarta, KL etc.

And I am talking about the type of jam where it takes 1 hour to get from one end of orchard road to another.

Will also create a car park crunch - no lots available. Come back after a 2 hour jam and the lots are full at your condo, house or hdb. Park 0.5km away and then walk to your residence ?

Already seeing the symptoms ......

yeah, target 6.5M population hor ... the tagline of spore 3M population is a thing of the past. population double, as a result all other capacity seems too low now ie hdb, transport, hospital, university, road and of course limited coe.

 

[Javaben]

COE: December...........

Will it continue in 2013? Or crash ..... Any insides

 

[Centurion9990]

Re: COE: December...........

Will it continue in 2013? Or crash ..... Any insides

rise for sure. LTA is reducing the number of new COEs in 1st quarter of 2013.

 

[wt_know]

Re: COE: December...........

S$100,000 mark as just "a matter of time".
say like no say ... what's new

COE premiums surge in pre-CNY rush


Dealers say aggressive bids made in anticipation of drop in quotas in February

by Woo Sian Boon
04:45 AM Dec 06, 2012



SINGAPORE - A rush to secure coveted Certificates of Entitlement (COEs) for vehicles before an anticipated cut in February resulted in a surge in premiums as the latest bidding exercise closed yesterday, with two categories hitting record highs.

COE premiums for small cars (1,600cc and below) continued their upward climb, rising 1.59 per cent to hit a high of S$78,523.

The previous high of S$77,291 was set last month.

COE premiums for big cars, those above 1,600cc, dipped 3.01 per cent to close at S$90,200, compared with S$93,004 two weeks ago.

In the open category, where COEs can be used for any type of vehicle but end up mainly for cars, premiums rose by 3.2 per cent to hit an 18-year high of S$97,000. It was S$105,000 in November 1994.

In a trend that dealers felt was "out of the norm", COE premiums for commercial vehicles jumped 4.65 per cent to a high of S$63,035, surpassing the premium of S$60,235 set last month.

Meanwhile, the COE for motorcycles continued to slide, as it closed 4.56 per cent lower at S$1,612.

The rise in COE premiums were attributed by dealers to aggressive bids made in anticipation of customers' demand before the Lunar New Year in February.

The vehicle growth rate will be halved then and dealers are projecting a smaller COE quota, as de-registration of vehicles - which influences the number of COEs the Government will release - has also slowed.

Between July and October, 12,145 vehicles were de-registered, a 5.8 per cent decrease, compared to the corresponding period last year.

This has led to dealers bucking the trend of waiting close to the Lunar New Year to make their bids, according to Mr Raymond Tan, the Singapore Vehicle Traders Association's Honorary Secretary.

"If the quota is getting less, prices will definitely not drop, so there is no point waiting for Chinese New Year to roll around," he said.

Mr Ron Lim, General Manager of Nissan agent Tan Chong Motor, attributed the escalating premiums for commercial vehicles to an increased demand for heavy vehicles given the large number of infrastructural projects going on.

Mr Lim also said that the increase in commercial vehicle COE premiums - the fourth consecutive rise - stemmed from an increase in the number of delivery and replacement of such vehicles currently taking place.

Between July and October, 1,788 commercial vehicles and buses were deregistered, more than twice the number in the same period last year.

Both dealers expect premiums to continue rising in the next few bidding exercises, with Mr Lim noting that premiums for open category breaching the S$100,000 mark as just "a matter of time".

 

[iScoupe]

Re: COE: December...........

i brought a 1.0cc brand new suzuki swift in 1994 for $79,000.
don't rem got airbag hahahaha... worst black bumper..

 

[Dinosaur hunter]

Re: COE: December...........

i brought a 1.0cc brand new suzuki swift in 1994 for $79,000.
don't rem got airbag hahahaha... worst black bumper..

$79,000 can only buy the COE and some spare change to buy insurance for the current situation.

 

[wobbles]

Re: COE: December...........

Tulip bulbs - back in the 16-hundreds in Holland, those things seemed like they were going up and up and up forever...

I've never forgotten the adage: what goes up, must come down.

I just hope the COE comes down in my lifetime, that's all

 

[ozipo]

Re: COE: December...........

i brought a 1.0cc brand new suzuki swift in 1994 for $79,000.
don't rem got airbag hahahaha... worst black bumper..

I think it was 1993 when I bought my Swift GTi 1.3 at $80k

 

[Ahbengdriver]

Re: COE: December...........

we all have a choice in 2016, and that might change things.

 

[MW]

Re: COE: December...........

so if PAP is voted out and maybe WP becomes next government...COE will drop?

 

[Centurion9990]

Re: COE: December...........

so if PAP is voted out and maybe WP becomes next government...COE will drop?

no COE, no car taxes, houses too ex to own, most families live in car... best! WP Aye!