COE prices set to soar further

[Kangadrool]

  On 6/28/2011 at 1:24 AM, 13177 said:

Very soon those 2004/5/6 cars will reach 10 years mark. And these cars will disappeared from the road.

 

No lost love. Most won't be classics, just econoboxes built at their cheapest as long as got 4 wheels and a steering wheel, meant to be "buy and throw kind".

Edited June 28, 2011 by Kangadrool

[Unltd]

  On 6/28/2011 at 1:11 AM, Jolie888 said:

I am glad that the new MoT is continuing its (original) intended efforts to cap the fast-growing car population in Singapore.

The COE/ERP system in tandem, should be made progressively more punitive for all to own and use a car.

 

Cars (though not commercial vehicles ... which is requisite to sustain a growing economy/GDP) should be destined as luxury items here.

 

Not everyone should and can (be allowed to) own cars.

If one cannot afford a car, the alternative should be public transport.

So cut the whining about rising COE prices and take your medicine!

 

The MoT should also continue its efforts to improve on public transportation ... put more trains on the MRT tracks and more buses on the roads, to serve the public at large.

 

Unlike houses, there is no such thing that everyone ought to be given an opportunity to own a car.

That's plain BS in land-constrained Singapore.

Even if its just to own a car (and not drive), more car parks will have to be built and that in itself would take up real estate space.

 

If anyone wants to have the pleasure of driving their family around, they will need to pay for that luxury.

It has to be earned, as car ownership can never be a privilege an entitlement.

We are not a communist state and the MoT can never hope to satisfy the populace' desire and want, re car ownership for the masses.

 

I don't want Singapore to end up as another Jarkarta, Manila, or Beijing.

I strongly support the MoT on this.

You had my vote, so Just Do It.

 

Agree with you, but I think you must have got a typo. I help you correct.

[Mustank]

i also support you in addition they need to decentralise city centre to cut down on the need to travel

[Darryn]

  On 6/28/2011 at 1:30 AM, Kangadrool said:

No lost love. Most won't be classics, just econoboxes built at their cheapest as long as got 4 wheels and a steering wheel, meant to be "buy and throw kind".

 

The big question to be asked is "What's going to happen to the COE once these cars HAVE to be de-registered?"

 

I am hoping that around 2013 onwards COE will drop back.

 

To address to Jolie, while I also don't want to see Singapore become another Jakarta, and do support controls on vehicle population, I would like to ask you if you have a wife and kids?

 

Getting around Singapore by public transport as a family is no easy matter. We go out we are six pax - wih a pushchair, and the paraphenila that is needed for a baby. Cannot take taxi (too many people), climbing up and down bus is hard work - and then it does take a long time.

 

And what about the trips to JB?

 

A car is not a neccessity, but it sure makes one heck of a difference to the quality of life. And then we haven't even talked about getting to work, to drive (even druing rush hour) it takes me 30 minutes, by MRT I would have to take 4 trains, have a 10 minute walk at the end and it takes me about 50 minutes. My wife would be worse - she would need to take bus so it would take her over an hour, as opposed to a 30 minute ddrive - and then getting home. If by public transport she would be lucky to be home by 8, whereas by car it's easy to be home by 7.

 

The difference is so great, that if the COE is still unaffordable for me when my car must be renewed in 5 years I may just emigrate. (but that would be one more COE for everyone else )

[Jolie888]

  On 6/28/2011 at 1:34 AM, Unltd said:

Agree with you, but I think you must have got a typo. I help you correct.

 

Yes, my bad.

Car ownership should never be an 'entitlement' indeed.

 

[Maroon5]

  On 6/28/2011 at 1:22 AM, Sportster said:

If CAT A has sustained on the "sane" $30K to $40K benchmark. There will still be buying interest. A lot of 2004/5/6 cars which are deemed to be ripe for export are still hanging around on SG roads hoarding the existing COEs. Many people yearn to drive new cars, but this LTA make life so difficult with the roti prata policy, same like housing. As for CAT B, whether is it $100K or $200K, I would not bother, let it be their playground for the rich

 

act the formula never changed, expired coes go back to the pot but the situation now is due to correcting the diarrhea during 07-09 times. frankly even at $50k cat a, there are alr buying interest, let alone $30k. their objective now is to slow down car population, while there is no guarantee those 04,05,06 cars will b exported or resold, the situation could worsen.

 

but you are right that pple yearn to drive new cars, my car is 06 and i would love to change it too but i think my car wil 100% be resold as that fetches a higher value (vs export).

[Maroon5]

  On 6/28/2011 at 1:38 AM, Mustank said:

i also support you in addition they need to decentralise city centre to cut down on the need to travel

 

i am always with you on this point.

[Jolie888]

  On 6/28/2011 at 1:44 AM, Darryn said:

The big question to be asked is "What's going to happen to the COE once these cars HAVE to be de-registered?"

I am hoping that around 2013 onwards COE will drop back.

 

With our targeted population going to 6 million, and with rising FT demand to own cars too, that would unlikely happen, IMHO.

 

  On 6/28/2011 at 1:44 AM, Darryn said:

To address to Jolie, while I also don't want to see Singapore become another Jakarta, and do support controls on vehicle population, I would like to ask you if you have a wife and kids?

 

Yes, I have wife and more than 2 kids.

 

  On 6/28/2011 at 1:44 AM, Darryn said:

The difference is so great, that if the COE is still unaffordable for me when my car must be renewed in 5 years I may just emigrate. (but that would be one more COE for everyone else )

 

Well, everyone has options ... but don't forget that you'd never be a first-class citizen anywhere else in the world.

You would be 'differentiated' by your color, creed, accent and social idiosyncracies.

In the corporate world, there will always be a glass ceiling for Asians in the USA, Europe and Australia.

 

 

[Jolie888]

  On 6/28/2011 at 1:38 AM, Mustank said:

i also support you in addition they need to decentralise city centre to cut down on the need to travel

 

JTC has, in a way, 'decentralized' the manufacturing sector to Jurong Island and Tuas reclaimed areas.

But that cannot stop people living in the East and North-East from plying the AYE, PIE and CTE everyday, going to and from work ... thus causing the huge jams.

 

Can the GoS encourage these same people to shift to houses in the West / Jurong areas?

I think not. It would be difficult.

Edited June 28, 2011 by Jolie888

[SimonTan]

Wait a minute.....the Jurong lake project. Near Chinese garden.

That is just the push to relocate people to stay in Jurong!!

Who say gov got no long term plan to ease the jam.

The master plan is spot on with some of our recommended solutions! Ten years ago gov already thought of it!!!

 

[Kangadrool]

The crux of the matter still lies with our public transport.

[Mustank]

got what ever since garmen say lets make jurong east the financial district of the west, donno how many people cheong west liao jurong east $psf cheonged until $1000psf

 

garmen say lets make tampines and changi the cbd of the east, people cheong east until simlian laugh till pengz $650psf dbss still 2 times over subscribed

 

now garmen need to make cbds in the north west, north and north east

Edited June 28, 2011 by Mustank

[Mustank]

we little citizen may not have access to top brains in high places but if we can spread the idea (in the first place idea must be good lar ), sooner or later the idea may be adopted if idea is good

[Strat]

  On 6/28/2011 at 1:44 AM, Darryn said:

The big question to be asked is "What's going to happen to the COE once these cars HAVE to be de-registered?"

 

I am hoping that around 2013 onwards COE will drop back.

 

To address to Jolie, while I also don't want to see Singapore become another Jakarta, and do support controls on vehicle population, I would like to ask you if you have a wife and kids?

 

Getting around Singapore by public transport as a family is no easy matter. We go out we are six pax - wih a pushchair, and the paraphenila that is needed for a baby. Cannot take taxi (too many people), climbing up and down bus is hard work - and then it does take a long time.

 

And what about the trips to JB?

 

A car is not a neccessity, but it sure makes one heck of a difference to the quality of life. And then we haven't even talked about getting to work, to drive (even druing rush hour) it takes me 30 minutes, by MRT I would have to take 4 trains, have a 10 minute walk at the end and it takes me about 50 minutes. My wife would be worse - she would need to take bus so it would take her over an hour, as opposed to a 30 minute ddrive - and then getting home. If by public transport she would be lucky to be home by 8, whereas by car it's easy to be home by 7.

 

The difference is so great, that if the COE is still unaffordable for me when my car must be renewed in 5 years I may just emigrate. (but that would be one more COE for everyone else )

 

 

the thing is i see alot of cars just sit in MSCP/HDB carpark... so to many it's not a necessity but a luxury

 

[TD5000]

I would think that COE will remain high as long as economy stay stronge. Majority of the cars registered btw 2004-2006 might be due for scrap but these car owners will look for new cars if economy stays good which means demand will increase further. So no diff on increase in number of COE since demand will be stronger. It's only when there's a crisis that reduce the demand sharply but again, might be out of job at that time so still can't afford a car. Looking at it, car ownership in Singapore will remain to be something luxury that only the rich can afford, no matter how you twist the equation, unless the authority can suddenly create more land or built roads in the sky..............

[Jpcc]

  On 6/28/2011 at 1:38 AM, Mustank said:

i also support you in addition they need to decentralise city centre to cut down on the need to travel

How to decentralise city centre when they are busy selling marina bay as the next big thing.

By 2027, Tanjong Pagar will join in as the next downtown.

 

More extensive MRT lines solving the issue? Mmmm, hard to say, availablility of carparks at downtown will be an interesting data point or another possible choke index.

 

Btw, any idea the licence plate of 2004 cars? SFx or??

 

 

[Steptronic]

  On 6/28/2011 at 3:12 AM, TD5000 said:

I would think that COE will remain high as long as economy stay stronge. Majority of the cars registered btw 2004-2006 might be due for scrap but these car owners will look for new cars if economy stays good which means demand will increase further. So no diff on increase in number of COE since demand will be stronger. It's only when there's a crisis that reduce the demand sharply but again, might be out of job at that time so still can't afford a car. Looking at it, car ownership in Singapore will remain to be something luxury that only the rich can afford, no matter how you twist the equation, unless the authority can suddenly create more land or built roads in the sky..............

If any one scraps old car and books new car, there is no change in demand as it is one to one!

[Jolie888]

  On 6/28/2011 at 3:16 AM, Steptronic said:

If any one scraps old car and books new car, there is no change in demand as it is one to one!

 

There will always be a growing demand ... as the population grows and with the incessant FT influx.

New families created from local marriages, as our standard of living rises with GDP.

 

What used to be the father only owning a car in one family, now his 2, 3, or 4 children all want to own cars themselves, when they enter the workforce and/or get married.

 

What remains static (or even declining) though, would be the COE quota.

In your example of scrapping and buying a new car, then that ONE supply of COE has not changed.

Its got nothing to do with static demand.

Edited June 28, 2011 by Jolie888