COE prices soar because.....

[Old-driver]

lol.

 

POSB interest rate just went down recently.

 

now its 0.05% i think for savings acc...

They should start looking into raising interest rates. Its so cheap to buy houses and cars

[Mustank]

sky habitat sold one full stack. usa and europe print money. everybody economy awashed with their money. inflation kee siao. of course coe chiong

[Speculator]

He means COE price soar because the Economy Is Doing Well??? Does he means that during the super low COE era, the economy is not doing well?

 

He is right. At the height of Lehman Global Financial Crisis, COE went as low as $1000

[Jolie888]

This way everyone can own a car.

Why does everyone need to own a car?

Which govt in the world guarantees this?

You get to own a car only if you can afford one.

If by the next round, you find COEs beyond your reach, it just means that you can no longer afford to own a car.

 

You will need to accept that fact when COEs increase to >$200K and a Cat A car costs at least $250K.

So how much do you want to borrow from the bank to buy that $250K small B&B car?

Or just switch to public transport?

 

People want to own car. They also want to live in private condo.

Now a fcuking 99-yr leasehold outskirts, non-prime condo already cost $1,700-1,800 / sqft.

 

So how much loan would anyone take for a $2M LH condo?

 

In the end, owe money from the bank until you retire at 65yrs old?

You still can enjoy after that?

One leg in the grave already.

Very bleak future leh!

 

[Xtremee]

Its really impossible for someone to start a family in SIngapore currently.

Record price for COE, Record price for Condo, Record Price for HDB.

No wonder Singapore birth rate so low.

No wonder need to import forigner,

No wonder everything is going Hay wire

[Jman888]

i see so many new porsche, lambo, and other exotic cars on the road in past 2 years compare to before, couple with the high COE in last 2 years, hence i conclude that economy is indeed doing very well

[Civic6228]

Its really impossible for someone to start a family in SIngapore currently.

Record price for COE, Record price for Condo, Record Price for HDB.

No wonder Singapore birth rate so low.

No wonder need to import forigner,

No wonder everything is going Hay wire

 

I dont understand what has COE to do with starting a family ?

 

 

[Jolie888]

Every FT family coming into Singapore over the last 5 years is of very high networth - typically earning at least SGD500,000 p.a. and much more!

Each of these families may also get additional expat perks in their overall remuneration.

Each of these expat families also expect at least a car, or two.

It doesn't matter if the car(s) are rented, purchased, or company-assigned. Each car given to the expat families will need a COE to be on the roads.

 

FT population (including new PRs and citizens) expected to be 40% of Singapore's 6.5 million population, by 2016.

 

How can the middle-class (and lower) out-bid them?

Money is pouring in from all over the world!

 

[Jman888]

I dont understand what has COE to do with starting a family ?

 

 

saw in papers that someone asking for govt subsidy to buy new car so that he can fetch his kids to school and parents to see doctor , not that he cannot afford, but he rather ask since it is part of the family planning

[Jman888]

Every FT family coming into Singapore over the last 5 years is of very high networth - typically earning at least SGD500,000 p.a. and much more!

Each of these families may also get additional expat perks in their overall remuneration.

Each of these expat families also expect at least a car, or two.

It doesn't matter if the car(s) are rented, purchased, or company-assigned. Each car given to the expat families will need a COE to be on the roads.

 

FT population (including new PRs and citizens) expected to be 40% of Singapore's 6.5 million population, by 2016.

 

How can the middle-class (and lower) out-bid them?

Money is pouring in from all over the world!

 

 

in contrary, many expat (making quarter or half a million) actually take public transport

 

we only see people making $30k wanted to buy a car

[13177]

He is right. At the height of Lehman Global Financial Crisis, COE went as low as $1000

If he is right, so the Lehman Global Financial Crisis last from 2005-2009 meh? Since the super low COE lasted from 05-09!

[Joseph22]

saw in papers that someone asking for govt subsidy to buy new car so that he can fetch his kids to school and parents to see doctor , not that he cannot afford, but he rather ask since it is part of the family planning

no money to buy car, take bus lah. why need to buy car?

 

car is not a neccessity in singapore wor.

 

 

singaporean really spoilt.

[Joseph22]

If he is right, so the Lehman Global Financial Crisis last from 2005-2009 meh? Since the super low COE lasted from 05-09!

he is right not because 05-09 coes is low. its because now COE so high still got lot of ppl willing to come out with money to buy car.

[Civic6228]

saw in papers that someone asking for govt subsidy to buy new car so that he can fetch his kids to school and parents to see doctor , not that he cannot afford, but he rather ask since it is part of the family planning

 

So no car, kids cannot go to school and parents cannot go see the doctor ??????

 

Many of us, our parents did not have cars back in the 60s and 70s and even 80s ......

 

Young people nowadays ?????

 

[Jamstart]

Having high COE will make citizen take public transport. Win Win situation.

[Kangadrool]

in contrary, many expat (making quarter or half a million) actually take public transport

 

we only see people making $30k wanted to buy a car

 

They have cars lah, company provided one. But, did not use for work purposes. Usually leave it to wife's use. Then, they take taxi and charge taxi fares under company taxi fleet card. So many cases I see. :ph34r:

[Evillusion]

Having high COE will make citizen take public transport. Win Win situation.

public transport! MRT oredy pack like sardines (dont care what time)....and always ....errrr.... breakdown!

[Wyfitms]

He means COE price soar because the Economy Is Doing Well??? Does he means that during the super low COE era, the economy is not doing well?

 

basically, don't blame the govt for high COE prices. Not their fault, it's the economy.