COE- March 2011 2nd Bidding Exercise

[Laworder17]

 

 

 

March 2011 Second Open Bidding Exercise for

Certificates Of Entitlement

 

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

 

Tender opens: Monday, 21 March 2011, 12 noon

 

Tender closes: Wednesday, 23 March 2011, 4.00 pm

 

Tender results: Wednesday, 23 March 2011

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

 

The total quota available for this tender is 1,924 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

 

Category A : Cars (1,600cc and below) & taxis 527

 

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

 

Category D : Motorcycles 362

 

TRANSFERABLE CATEGORIES:

 

Category C : Goods Vehicles and Buses 281

 

Category E : Open Category 330

 

[PPeripheraL]

hopefully Cat A drop to low 40s or maybe reach 39k

[Richardlimbs]

I hope Cat B goes down...

[SimonTan]

It will drop.

Japanese AD might have lesser stocks of car to sell.

Less stocks means lesser COE to bid for customers.

Just need Toyota to suffer slow down and delay on the car shipment by three months to Sinagpore, then COE might crash to $1.

 

[Mllcg]

It will drop.

Japanese AD might have lesser stocks of car to sell.

Less stocks means lesser COE to bid for customers.

Just need Toyota to suffer slow down and delay on the car shipment by three months to Sinagpore, then COE might crash to $1.

 

dream on.

 

lower stocks for AD,

 

means taxi will run riot.

[SimonTan]

Taxi buy what car hur? Japanese cars!!

[Mllcg]

Taxi buy what car hur? Japanese cars!!

 

hyundai not japanese

[Tayspiderx]

It will drop.

Japanese AD might have lesser stocks of car to sell.

Less stocks means lesser COE to bid for customers.

Just need Toyota to suffer slow down and delay on the car shipment by three months to Sinagpore, then COE might crash to $1.

 

To be honest $1 coe will only arrive when GAHMEN need to refresh their fleet of cars...Just analyze, Police force changed most of their 2000 corolla to 2009 Altise and Hilux, Comfort change their Crown fleet to 2009 Sonata fleet, coincidence?

[Vangaat]

To be honest $1 coe will only arrive when GAHMEN need to refresh their fleet of cars...Just analyze, Police force changed most of their 2000 corolla to 2009 Altise and Hilux, Comfort change their Crown fleet to 2009 Sonata fleet, coincidence?

 

Hahaha! Thats a good point raised.

[Kar_lover]

hopefully Cat A drop to low 40s or maybe reach 39k

 

Isn't it already low 40s now?

[PPeripheraL]

Isn't it already low 40s now?

 

now is 42k if im not wrong, so i was going along the line of 40k. sorry for the misconception

[13177]

Taxi buy what car hur? Japanese cars!!

No matter taxi buy wht car, they still push up the COE in cat A & B!

Edited March 22, 2011 by 13177

[PPeripheraL]

No matter taxi buy wht car, they still push up the COE in cat A & B!

ya, they take up so many of the quotas in cat A..makes me want to

they should make another cat for taxis altogether.. don't fight with poor ppl

[MTRAC]

ya, they take up so many of the quotas in cat A..makes me want to

they should make another cat for taxis altogether.. don't fight with poor ppl

 

Not sure if It would help. If they were to create another category for Taxi, they will simply

reduce the quota for cat A and used it in the new cat for Taxi. They wont increase

the number to quota.

Edited March 22, 2011 by MTRAC

[13177]

Not sure if It would help. If they were to create another category for Taxi, they will simply

reduce the quota for cat A and used it in the new cat for Taxi. They wont increase

the number to quota.

True, still back to square one. If they create another cat for taxi, they still plus and minus here & there to make up, overall still same number of quota.

[Mona-vie]

Taxi buy what car hur? Japanese cars!!

 

Hyundai is Korean......

[Kar_lover]

Not sure if It would help. If they were to create another category for Taxi, they will simply

reduce the quota for cat A and used it in the new cat for Taxi. They wont increase

the number to quota.

 

Well, it would help if it is indeed true dat the taxis end up with the lion's share of the COEs. Cos then having this separate category will put a limit on them.

 

For example, without limits, out of 1000 COEs for Cat A & B cars, the taxi companies may take 600 leaving 400 for pte users. But if new category is created and Pte User Cat A & Cat B is 500 and Taxi is another 500 (total COEs still the same), at least the Taxis will then only be limited to 500, releasing another 100 to pte users.

 

The point is dat its unfair for Taxi (which are revenue making) to compete with us for the same COEs. They can pay more as they can pass the cost to customers thru higher taxi rates i.e. the public ends up subsidising/paying for the COEs. So when u hear transport companies citing higher operating costs as justification for increasing fares, its not just the fuel dat is going up.

 

 

[Timex1441]

anyone knows how long a COE, once successfully bidded, is valid for?

i think the taxi companies might juz go for the COE n wait to use them later as long as they r still valid, rite?