COE trends
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Eh? Remember we bought our car new because the resale cars are more $x high to their higher COEs.... Doubt can sell 2nd hand easily if COE come down in 6-7 yrs time. Yes, scrap value higher due to COE. Though we remain unconvinced we need to pay higher price for car + higher interest due to car loans just to have higher scrap value? :scratchhead:
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not much movement now
Bidding status as at 20/07/2011 14:30:19.00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) & TAXI 1 510 407
B CAR (ABOVE 1600CC) 1 436 312
C GOODS VEHICLE & BUS 1 284 163
D MOTORCYCLE 1 332 166
E OPEN 1 335 67 -
lets wait till 4pm for result
Bidding status as at 20/07/2011 15:06:04.00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) & TAXI 10,001 510 522
B CAR (ABOVE 1600CC) 1 436 358
C GOODS VEHICLE & BUS 1 284 181
D MOTORCYCLE 1 332 188
E OPEN 1 335 112 -
COE Open Bidding
JULY 2011 2nd Open Bidding Exercise has ended on 20/07/2011 16:00 hrs
Results are being finalised
Bidding status as at 20/07/2011 16:00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) & TAXI 56,002 510 776
B CAR (ABOVE 1600CC) 72,501 436 626
C GOODS VEHICLE & BUS 34,502 284 393
D MOTORCYCLE 2,012 332 496
E OPEN 74,490 335 459
Source: Land Transport Authority -
Hi!
I think the high COE prices (>50K) are here to stay for a bit, albeit circa October 2011.
COE numbers have been readjusted and the new formula tweaked from the old formula so quota numbers are affected. This together with a lot of liquidity around, seems to be affecting ppty and COE prices…
I do not see a drop <40K until 2014 thereabouts…
btw, I got my COE at 6K in 2007 after tracking and timing, with a stroke of luck as well when the prevailing COE was 12K. Since it was a Jap car, it was the cheapest at that point. Even in Feb 2009, when Cat B COE was $589, the car price was higher as the Yen (hence OMV) went rocketing due to the GFC. -
u see 2014 can drop? i dun see so soon…anyway the most take taxi loh…at least cheaper than owning a car…
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COE drop, drop the drop, drop, drop....
Hopefully, some more :xedfingers: -
eurostar:
u see 2014 can drop? i dun see so soon....anyway the most take taxi loh...at least cheaper than owning a car...
Not a major drop with such low interest rates, and high liquidity... Plus early 90s quota levels.
Some reprieve should be about shortly till about October 2011 IMHO. -
dicky:
Might increase the next round as people would be rushing in since Cat A and B dropped.COE drop, drop the drop, drop, drop....
Hopefully, some more :xedfingers: -
COE
AUGUST 2011 2nd Open Bidding Exercise has ended on 17/08/2011 16:00 hrs
Results for AUGUST 2011 2nd Open Bidding Exercise
Category \t Quota \t QP($) PQP($)
A \tCAR (1600CC & BELOW) & TAXI \t557 \t49,301 \t52,288
B \tCAR (ABOVE 1600CC) \t 353 \t65,521 \t68,019
C \tGOODS VEHICLE & BUS \t 245 \t32,289 \t32,248
D \tMOTORCYCLE \t 387 \t1,999 \t2,174
E \tOPEN \t 337 \t67,000
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