COE continue to climb …

[superman]

Where's the source about the streamline? Does it mean they will hold back supply and release much slower or using 1Q, 2Q etc as the formula?

If they were to hold back the supply much longer, they are reducing the car population generally and coe will remain very much high for a much longer period of time and stabilise at a high also. I really doubt it's this case.

https://www.channelnewsasia.com/singapore/coe-quota-vehicles-november-january-drop-lta-3007911
See the line "LTA announced in July that the method for computing the quota available for COE bidding would be adjusted to reduce volatility in supply."

Regardless, I think LTA aim to cut COE quota to reduce the car population anyway in order to reach their target of Net Zero Carbon by 2050.

 

[kebinu]

https://www.channelnewsasia.com/singapore/coe-quota-vehicles-november-january-drop-lta-3007911
See the line "LTA announced in July that the method for computing the quota available for COE bidding would be adjusted to reduce volatility in supply."

Regardless, I think LTA aim to cut COE quota to reduce the car population anyway in order to reach their target of Net Zero Carbon by 2050.

Ai zai. They just use 2q instead of 1 so the supply drops slower now but it won’t affect the overall feast and famine supply.
Negative 0.25% growth may be expected later but it should not affect premium that much.

 

[superman]

Ai zai. They just use 2q instead of 1 so the supply drops slower now but it won’t affect the overall feast and famine supply.
Negative 0.25% growth may be expected later but it should not affect premium that much.

I am not really paying attention to the current COE policy as LTA can always change status quo, I am trying to guess what is their aim. From what I see what LTA is doing in the past, they are trying to prevent the feast and famine supply like what you say. You won't be seeing 200K COE but you also won't be seeing COE less than 80K. My guess is people will get used to 80K to 100K COE and COE will maintain at that level.

 

[ryan_khoo]

CAT A will hoover around 50-60K, CAT B about 70-80K. This is when prices are stable.

For now expect CAT A to be 80-90K and CAT B to be 100-120K.

Hard truths.

Think will take quite a while for Cat A to hoover around 50 - 60K ...

 

[EJB]

Think will take quite a while for Cat A to hoover around 50 - 60K ...

Yes sir, I did mention when prices are stable.

 

[myviowner]

I am not really paying attention to the current COE policy as LTA can always change status quo, I am trying to guess what is their aim. From what I see what LTA is doing in the past, they are trying to prevent the feast and famine supply like what you say. You won't be seeing 200K COE but you also won't be seeing COE less than 80K. My guess is people will get used to 80K to 100K COE and COE will maintain at that level.

Whats your purpose of getting their aim correct?

 

[ryan_khoo]

Yes sir, I did mention when prices are stable.

Yes, you did, big boss EJB ...

 

[koster]

Yes, you did, big boss EJB ...

Big boss @EJB is right and hope no need to draw emo circles during weekend!

 

[EJB]

I leaving again, keep kena bullied, very emo de.

 

[myviowner]

I leaving again, keep kena bullied, very emo de.

Big brother @EJB, aiya even weekend also like this huh.. who bullied you sia!

 

[ryan_khoo]

Big brother @EJB, aiya even weekend also like this huh.. who bullied you sia!

Aiya, big bro EJB usually on the weekends, spend his time going on a spin with all his fleet of sport cars mah … lately not happy with his Audi TT, so put it up for sale at SgCarmart …

 

[superman]

Whats your purpose of getting their aim correct?

To guess what is the stable COE price.

 

[batniss]

hope COE climb until 300K.

so not any tom dick harry can affrod 1.

 

[YouHappyCanLiao]

No worth to renew coe anymore and used car below 10 years old are so expensive

 

[myviowner]

No worth to renew coe anymore and used car below 10 years old are so expensive

Singaporeans love to calculate. And yes, with current Coe prices, no meaning to renew.

 

[anytime]

Singaporeans love to calculate. And yes, with current Coe prices, no meaning to renew.

cant say not worth renewing. If can get a low arf coe ending car, ok to renew. The depre will be near to just coe premium only. When coe starts to soften, can scrap for coe refund. At current cat A or B coe, the pqp is still worth it but only if one can get a low arf car. Eg, i see some 2013 cars with merely 6k arf only.

 

[archon75@]

hope COE climb until 300K.

so not any tom dick harry can affrod 1.

Many way to help more poor

 

[myviowner]

cant say not worth renewing. If can get a low arf coe ending car, ok to renew. The depre will be near to just coe premium only. When coe starts to soften, can scrap for coe refund. At current cat A or B coe, the pqp is still worth it but only if one can get a low arf car. Eg, i see some 2013 cars with merely 6k arf only.

You are correct on the $$ side. Nevertheless, more $$ will have to set aside for older cars.

 

[hachi]

cant say not worth renewing. If can get a low arf coe ending car, ok to renew. The depre will be near to just coe premium only. When coe starts to soften, can scrap for coe refund. At current cat A or B coe, the pqp is still worth it but only if one can get a low arf car. Eg, i see some 2013 cars with merely 6k arf only.

I also think this where.. Looking for 1-3 years left car... My ride expiring next year July...

 

[kebinu]

cant say not worth renewing. If can get a low arf coe ending car, ok to renew. The depre will be near to just coe premium only. When coe starts to soften, can scrap for coe refund. At current cat A or B coe, the pqp is still worth it but only if one can get a low arf car. Eg, i see some 2013 cars with merely 6k arf only.

Correct that the ARF is low, but still have to buy some $8-$10+k premium over this ARF from the owner.

For COE renewal, have to be cash rich to do full cash, else need to do that coe renewal loan.. this means if later scrap, have that penalty fee of 1% ($800+ base on cat a PQP) and rule 78 etc.

Still have to spend a few k on some repair to fix up the car. Worth it or not? Very hard to say. If one can come up with $80+k, then maybe won't consider the hassle unless it's second or third car etc.

So personally I got a $8k parf car at $17+k. Renew COE in aug/sep at $74k, spent $6k on replacement and respray (respray is extra), total cost also up to $98k liao.