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:
