COE- February 2011 2nd Bidding Exercise

[Laworder17]

 

 

 

February 2011 Second Open Bidding Exercise for Certificates of Entitlement

 

The details of the February 2011 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 21 February 2011, 12 noon

 

Tender closes: Wednesday, 23 February 2011, 4.00 pm

 

Tender results: Wednesday, 23 February 2011

(Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 1,888 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

 

Category A : Cars (1,600cc and below) & taxis 511

 

Category B : Cars (1,601cc and above) 424

 

Category D : Motorcycles 330

 

TRANSFERABLE CATEGORIES:

 

Category C : Goods Vehicles and Buses 287

 

Category E : Open Category 336

 

COEs for categories C and E are valid upon receipt until 31 May 2011 whilst COEs for categories A, B and D are valid until 31 August 2011.

[Ben5266]

Why so quiet? Loss money in stock market? Money got lock in pte property?

Ho say Liao. Tomorrow Coe $1.

[Kar_lover]

  On 2/22/2011 at 10:00 AM, Ben5266 said:

Why so quiet? Loss money in stock market? Money got lock in pte property?

Ho say Liao. Tomorrow Coe $1.

 

The bidding only gets serious in the last half hour or so.

[SimonTan]

Very likely tomorrow will be low or crash.

Stock market Lao sai.

Middle east got problems.

Budget handouts money not enough.

Some more gov say only 14% enough for retirement.

If keep paying for overpriced cars..... more people cannot retire anymore.

 

Not many will be in the mood to buy cars.

[Summer69]

sure crash lah!

 

somebody say hor, don't splurge on car, wait inflation, so we must obey.

[Darryn]

If crash, I may go look for new car...wifey is nagging already

[Derick]

Totally agreed for "The bidding only gets serious in the last half hour or so. "

[Lovethecars]

i think coe won't go down? maybe around the same price as the previous round...

[Gnixer]

remember to log in 1545hr to see spolier

all kiasu brainless dealers anyhow bid, can see how the number shoot up.

etc ; 0 to 5000, 4000 to 14000 - considered normal

another pattern is 0 shoot all the way to 30000 then shoot again to 40000.

siao lang, where got got ppl like that bid. u go auction bidding also do it the steady way

[Silver_blade]

  On 2/22/2011 at 10:59 AM, Summer69 said:

sure crash lah!....

No think so....demand is still strong.

[JerryT]

Seems like there were quite a fair bit of backlog from previous bid. Also, I saw more customers at showrooms than previous weeks... Maybe maintain or may go up slightly?

[JX83]

Hopefully tomolo will go up..

Edited February 22, 2011 by JX83

[Mllcg]

  On 2/22/2011 at 1:35 PM, Gnixer said:

remember to log in 1545hr to see spolier

all kiasu brainless dealers anyhow bid, can see how the number shoot up.

etc ; 0 to 5000, 4000 to 14000 - considered normal

another pattern is 0 shoot all the way to 30000 then shoot again to 40000.

siao lang, where got got ppl like that bid. u go auction bidding also do it the steady way

 

we all know who can le. btw, its not dealers.

 

its TAXI

[SimonTan]

Me think taxi will keep buying.

The good economy, increased tourists, is driving the demand.

Also increased population will create demand for taxi.

 

Taxi companies are rich, when they want to increase the fleet. Die die they will get the COE.

 

Some more now lesser COE, means some will be deprived of owning a car. This group of people will tend to take taxi to their destination. It's a vicious cycle causing the taxi demand to increase.

[Csnewbie]

I hope COE will cum down next year.

 

Cos i am thinking of getting the Rio 1.2 GDI turbo.

Edited February 23, 2011 by Csnewbie

[Lovethecars]

  On 2/22/2011 at 11:43 PM, SimonTan said:

Me think taxi will keep buying.

The good economy, increased tourists, is driving the demand.

Also increased population will create demand for taxi.

 

Taxi companies are rich, when they want to increase the fleet. Die die they will get the COE.

 

Some more now lesser COE, means some will be deprived of owning a car. This group of people will tend to take taxi to their destination. It's a vicious cycle causing the taxi demand to increase.

 

 

more people are renting taxi as private car....

[Fresh]

  On 2/22/2011 at 11:14 AM, Darryn said:

If crash, I may go look for new car...wifey is nagging already

 

huh?? get rid of her you mean, keep the car.

[Csnewbie]

  On 2/23/2011 at 12:25 AM, Fresh said:

huh?? get rid of her you mean, keep the car.