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View Full Version : COE quota for May-July will be 12 060


princess_morbucks
11-04-14, 10:25
LTA ‏@LTAsg 9m

#COE quota for May-July will be 12 060. Bidding under this quota will start in May 2014 1st open bidding exercise. pic.twitter.com/WwB5LbA8ui

https://pbs.twimg.com/media/Bk6A7KtCYAAwxu3.jpg
august
11-04-14, 10:31
LTA should reduce the number of Coe further. :cool:
princess_morbucks
11-04-14, 10:49
Channel NewsAsia ‏@ChannelNewsAsia 4m

A total of 12,060 COEs will be available for May-July bidding exercises, @LTAsg says – a 32.1% increase over Feb-Apr pic.twitter.com/y2DncW9kCi
catsick
11-04-14, 11:12
That is nothing , when the 2006 vintage coes start expiring in 2016 we will get up to 25-30,000 coes in a quarter ...

2016 is going to be the time to buy a new car , perfectly timed for the elections the coes will be down to 10k again and I will be paying 150k for a nice new 528
princess_morbucks
11-04-14, 11:20
That is nothing , when the 2006 vintage coes start expiring in 2016 we will get up to 25-30,000 coes in a quarter ...

2016 is going to be the time to buy a new car , perfectly timed for the elections the coes will be down to 10k again and I will be paying 150k for a nice new 528

I am looking at the Audi A3 sedan.
Hopefully by that time, it will be below $100k.
xebay11
11-04-14, 12:33
I am looking at the Audi A3 sedan.
Hopefully by that time, it will be below $100k.

Sure, just not in Singapore.
DC33_2008
11-04-14, 12:57
Looking forward to 2016 as my COE will be expiring then. :p
That is nothing , when the 2006 vintage coes start expiring in 2016 we will get up to 25-30,000 coes in a quarter ...

2016 is going to be the time to buy a new car , perfectly timed for the elections the coes will be down to 10k again and I will be paying 150k for a nice new 528
westin
11-04-14, 13:41
Coe to crash liao... hooray... Audi, Mercs and BMW .....woohoo...
Arcachon
11-04-14, 13:47
That is nothing , when the 2006 vintage coes start expiring in 2016 we will get up to 25-30,000 coes in a quarter ...

2016 is going to be the time to buy a new car , perfectly timed for the elections the coes will be down to 10k again and I will be paying 150k for a nice new 528

LTA need a COW to fix it. LTA = If it is not broke don't fix it.

http://www.cabinet.gov.sg/content/cabinet/appointments/mr_lui_tuck_yew/_jcr_content/minister/image.img.jpg/1343793307907.jpg

Don't know whether he is looking at the exist like Raymond.
astroboy8681
11-04-14, 16:53
That is nothing , when the 2006 vintage coes start expiring in 2016 we will get up to 25-30,000 coes in a quarter ...

2016 is going to be the time to buy a new car , perfectly timed for the elections the coes will be down to 10k again and I will be paying 150k for a nice new 528

neck wait long... new PI 520i 200k tao chio leaw
matrix0405
11-04-14, 17:08
As you can see the wild card is the -300+ adjustment for over projection, otherwise the number of COE would have double up. Is it an offence to suggest they put it in 2016 when there will be 1000 Cat A per session? When will this adjustment be over?
Arcachon
11-04-14, 20:37
http://www.moneysmart.sg/wp-content/uploads/2014/04/7916421180_0d1949e436_b-300x262.jpg

http://www.moneysmart.sg/featured-post/lta-might-spoil-the-coe-market-for-motorcyclists-with-this/
earthling
12-04-14, 12:27
More cars de-register in coming years doesn't mean they will release the same amount of COE back as LTA will not want to repeat the same mistakes in Raymond Lim's era.

As for the coming May to July, those hoping for COE to crash or correct sharply will be disappointed as there is a considerable pent up demand and our economy is generally doing well.

Not to mention, loan curb is still in place.
Arcachon
12-04-14, 13:55
More cars de-register in coming years doesn't mean they will release the same amount of COE back as LTA will not want to repeat the same mistakes in Raymond Lim's era.

As for the coming May to July, those hoping for COE to crash or correct sharply will be disappointed as there is a considerable pent up demand and our economy is generally doing well.

Not to mention, loan curb is still in place.

Don't understand, "loan curb is still in place" means COE will not crash or correct sharply.
star
12-04-14, 14:29
In life there is always a choice to own a car or not. Nobody is pointing a gun at your head to buy.
earthling
12-04-14, 15:59
Don't understand, "loan curb is still in place" means COE will not crash or correct sharply.

Loan curb is to 'stabilise' the demand for cars, nothing to do with the supply of COE, just to clarify. Thanks for pointing out.

I think our government's objective is to stabilise (not minimise) COE prices and at the same time earn revenue from it. The prices of COE still boils down to the demand and supply of COE.
princess_morbucks
12-04-14, 21:56
http://www.channelnewsasia.com/news/singapore/new-car-sales-expected-to/1069152.html?cid=TWTCNA&utm_source=dlvr.it&utm_medium=twitter




SINGAPORE: Sales of new cars are expected to pick up in the coming months.

This comes after the Land Transport Authority raised by 42 per cent the quota of Certificates of Entitlement (COE) for cars during the May-July period.

Several businesses that Channel NewsAsia spoke to said they plan to introduce discounts of as much as S$5,000 to attract buyers, and expect sales to go up by at least 10 per cent from May.

But some showrooms Channel NewsAsia visited on Saturday remained quiet, with would-be customers saying they were adopting a wait-and-see approach.

This is because they do not expect COE prices to fall dramatically despite the increase in quota. Observers agreed with the prospective customers.

Neo Tiam Ting, president of Singapore Vehicle Traders Association, said: "If too many people (enter the market) to buy new cars, and demand goes up, for COE to come down, I think will be quite difficult. But if this group of people differentiate into new and used cars, it will be easier for new car COEs to come down."
richwang
13-04-14, 20:08
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/M01-03M-Age.pdf

<1 yr, 34,290 (Year 2014)
1-2 yr, 97,061 (Year 2015)
2-3 yr, 113,832 (Year 2016)

So next year will be better and 2016 will be the best!
DC33_2008
13-04-14, 21:30
Just nice for. GE2016. :D
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/M01-03M-Age.pdf

<1 yr, 34,290 (Year 2014)
1-2 yr, 97,061 (Year 2015)
2-3 yr, 113,832 (Year 2016)

So next year will be better and 2016 will be the best!