COE trends

[Herbie]

Will the coe prices come down?

[verykiasu2010]

Herbie:

Will the coe prices come down?

whenever it comes down will go up again!

[MadScientist]

MadScientist:

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.

As expected, the results after the recent measures!
COE for cars up to 1,600cc ended at $74,689, down slightly from $78,301.
COE for cars above 1,600cc PLUNGED from $92,667 to $58,090.

For those who never believed that by 2014, COE will moderate, perhaps we are starting to see that happening...

Cheers! :imcool:

[ngl2010]

MadScientist:

MadScientist:

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.

As expected, the results after the recent measures!
COE for cars up to 1,600cc ended at $74,689, down slightly from $78,301.
COE for cars above 1,600cc PLUNGED from $92,667 to $58,090.

For those who never believed that by 2014, COE will moderate, perhaps we are starting to see that happening...

Cheers! :imcool:

Do you think it will go down to below 40k in 2014 or even this year?

[hquek]

Not unless buyers bid their own coes. Leave it to the dealers, pp should expect they will continue to bid as high as they can. Afterall coe money doesnt hurt their pocket.

[starlight1968sg]

Small car COE lowest since early 2012


COE for cars up to 1,600cc and 130bhp fell from $62,002 a fortnight ago to end at $57,199 - almost a three-year low.

http://www.straitstimes.com/news/singap ... 2-20150217

[atrecord]

starlight1968sg:

Small car COE lowest since early 2012


COE for cars up to 1,600cc and 130bhp fell from $62,002 a fortnight ago to end at $57,199 - almost a three-year low.

http://www.straitstimes.com/news/singap ... 2-20150217

I'm hoping cat B will drop significantly in the next 6 months...

[starlight1968sg]

atrecord:

starlight1968sg:

Small car COE lowest since early 2012


COE for cars up to 1,600cc and 130bhp fell from $62,002 a fortnight ago to end at $57,199 - almost a three-year low.

http://www.straitstimes.com/news/singap ... 2-20150217

I'm hoping cat B will drop significantly in the next 6 months...

I have started praying the price of COE to drop below 10k :roll:

[janet88]

The COE seems to be dropping for cat A cars.

[atrecord]

starlight1968sg:

atrecord:

[quote=\"starlight1968sg\"]Small car COE lowest since early 2012


COE for cars up to 1,600cc and 130bhp fell from $62,002 a fortnight ago to end at $57,199 - almost a three-year low.

http://www.straitstimes.com/news/singap ... 2-20150217

I'm hoping cat B will drop significantly in the next 6 months...

I have started praying the price of COE to drop below 10k :roll:[/quote]Wah… you need pray quite hard i think

I think in general Singaporeans have seen an improvement in living standard, and a sizable group has become richer c.f. to about 7-10 yr ago. The rich ones have obviously gotten a lot richer (as seen by reports of record number of millionaires here).

Just look at those people queuing up to buy condos. I was shocked some years ago, when I went to Trevista in Toa Payoh to view the place, and even near the end of the day, must take queue number and wait in tent age to go in…

So, once COE drops to an affordable level (yes, this is arbitrary), almost certainly those with $$ will rush in, either to buy a new car if they do not yet have one, or to replace existing cars. This will support the COE level so I'm not optimistic it will go to <$10K again - barring some catastrophe like global economic meltdown and widespread retrenchment and recession.

And the scenario of mid 2000s will likely repeat if COE drops to, say, $20K: for those who bought in the last year or two, at let's say, $70K COE, after using 2 yr, they can scrap the car, and get back refund from govt of $56K for COE part alone. Use this to buy new car, still get back in theory $36K, plus 2 more years of use of the car… of course there are other costs to consider, but most will just focus on this basic maths…

And not forgetting that the roads are all jammed, so govt is unlikely to increase the vehicle growth rate significantly like 7-10 yr ago...