LTA to explore easing tight COE supply

[inlinesix]

You mean PSA is shifting?

Which PSA u mean?

[TheRationalVoice]

so now there's need, want, and choice ???

 

to me, need or want, good or bad right or wrong are all relative perception. so lets not hold them to their absolute meaning.

 

 

 

 

i really hope garment can understand, you don't ask for growth if you cannot handle it.

 

 

No, it is desire versus necessity only. The evidence of the existence of a desire is the availability of a choice.

[Rubberpad]

Which PSA u mean?

 

u said harbour is shifting....what do you mean?

[Deckbuild]

Added that, the economy is really good, so many gain from shares and property and an all time low interest rate for car loan.

 

Seriously there are plenty of options out there if you just NEED a car. Deduct the parf rebate, the loan can be as low as $500 for a decent Altis.

[Enye]

Reasonable means what the common ppl are willing to pay. True that is COE is in short supply.. prices might still be high, but at least it is bided by the owners who will bid based on what he/she is willing to pay, and not AD who wants to make sale. So my suggestion policies are to target the willingness or true value of the COE and not a blown up figure by AD's and they just pass the cost to the consumers.

 

U mean current car buyers are not willing to pay such high COE prices but forced by AD? I wouldn't sign a sales contract stating a car price including the high COE price which I am not willing to pay.

 

COEs are so scarce now that common people have been priced out. U still think new cars are for common people now?

 

Given the current COE prices, new cars are affordable only for households with incomes around $200k pa. Even then, they are the marginal buyers now. Any further increase in COE prices, they will be priced out too.

 

Any household earning less than that, please BMW for their own sake. BTW I am going to be one of them when my current car COE expires too. No way I am going to pay $100K to the govt for right to drive for 10 years.

[Nf0rc3r]

Komoco is so confident COE will drop. See today's advertisement, Cat A price cut by 8K, Cat B by 10K.

 

They will simply bid 55k region for these buyers. If COE nv drop they simply dont get the car.

Win Win for komoco..

[inlinesix]

u said harbour is shifting....what do you mean?

Tg Pagar Terminal will be shifted west for redevelopment.

[Bomby929]

U mean current car buyers are not willing to pay such high COE prices but forced by AD? I wouldn't sign a sales contract stating a car price including the high COE price which I am not willing to pay.

 

COEs are so scarce now that common people have been priced out. U still think new cars are for common people now?

 

Given the current COE prices, new cars are affordable only for households with incomes around $200k pa. Even then, they are the marginal buyers now. Any further increase in COE prices, they will be priced out too.

 

Any household earning less than that, please BMW for their own sake. BTW I am going to be one of them when my current car COE expires too. No way I am going to pay $100K to the govt for right to drive for 10 years.

 

Would you feel the pinch if you one time pay 100K instead of spreading the 100K over 10 years and pay per month? Consumers are willing to pay the 100K now is because of the spreading of the loan which they can take say 90% over 10 years, which turns out for a 200K car.. about $1,500 per month (assuming for ease of cal zero interest).

[Bomby929]

Since harbour will be moved to Tuas, biz can move together.

 

That is why there is the new Changi business park... the trend now is for business to move away from the central area to the outer rim and the ppl will automatically move as well.

[Kiadaw]

define need.

 

i know a friend who's grandmum had to go hospital every other day for treatments.

 

on days when there was a car, (husband didnt need it that day), it would be better.

 

on days when there was no car, she refused to go hospital unless there was one.

 

so who is in a need of a car?

 

people like u and i,

 

or people like his family?

 

Like I mention before, if people who do not have urgent need of car will not bid for new car, then people who need will be able to get it a more afforadable prices. But this will not work as people here are self centre (probably most plales as well), & wanted car for themselves.

 

Much much more people think of: better less car on the car, better coe price drop, better whatever, doesn#t matter, as long as OTHERS/LESS people will drive, so I CAN drive in less jam, I CAN afford a car, etc then

 

the few that say, I will not drive if I do not need to, so I can ease congestion, I will not buy car, so demand drop, & COE will be cheaper for people who need it.

 

Much of what happen now (in this ME ME ME society) in this once nice country is a reflection of ourselves, but many just do not want to admit, & blame all on Government, FTs FWs etc.

[Wt_know]

happen to listen to class95 "what say you" about coe problem

i was laughing non stop when this caller called and comment that

 

mediacorp make mistake ... MDA fine them

SMRT make mistake .... LTA fine them

this whole coe saga is LTA make mistake ... how come no fine? when we talk about accountability, there is none.

 

haha ... what do he expect? govt fine lta? left pocket to right pocket? or lta boss hold conference, if want to fine us .... LET IT BE?

Edited May 8, 2012 by Wt_know

[Deckbuild]

Like I mention before, if people who do not have urgent need of car will not bid for new car, then people who need will be able to get it a more afforadable prices. But this will not work as people here are self centre (probably most plales as well), & wanted car for themselves.

 

Much much more people think of: better less car on the car, better coe price drop, better whatever, doesn#t matter, as long as OTHERS/LESS people will drive, so I CAN drive in less jam, I CAN afford a car, etc then

 

the few that say, I will not drive if I do not need to, so I can ease congestion, I will not buy car, so demand drop, & COE will be cheaper for people who need it.

 

Much of what happen now (in this ME ME ME society) in this once nice country is a reflection of ourselves, but many just do not want to admit, & blame all on Government, FTs FWs etc.

 

Can't agree more, was in the market looking for a new car but got put off with the thoughts of paying such a high Coe price. Might as well get a near scrape car and more money in my pocket. It's all about face. If too rich and no where to spend, go ahead, if can't afford, just get a 8 or 9 yr old car.

 

 

[Warthog]

Remove taxi from Cat A. COE on Taxis should be capped at a certain figure. When a taxi company has a surplus of taxis not rented out, stop the company from buying more taxi till it meets the nominal figure. In this way, the savings on taxi companies can bring down the rents for drivers and meter price for consumers.

 

Adjust the Cat A from 1599cc to 1999cc or 2000cc cap.

Increase the Cat B engine cc from 2000 or 2001 onwards.

 

Increase the ERP price for private vehicles in CBD areas and allow taxi to enter CBD area without paying ERP price when entering empty.

Allow the consumers to have more space of choice on PUBLIC transportation.

When taxi company has surplus taxis, they don't buy more taxis. Period. You don't need to regulate.

If you allow taxi to be exempted by ERP, most sales people & courier companies will be driving taxis for their job. Luckily, you are not the Transport Minister. Otherwise, we end up with more problems.

[Mosaic1979]

define need.

 

i know a friend who's grandmum had to go hospital every other day for treatments.

 

on days when there was a car, (husband didnt need it that day), it would be better.

 

on days when there was no car, she refused to go hospital unless there was one.

 

so who is in a need of a car?

 

people like u and i,

 

or people like his family?

 

Need: You need to eat. You need to drink. (no choice. if you don t you die)

Want: You want a fillet mignon with asparagus and black caviar at the side. You want to drink coke. (you can do without it. don t have still can eat rice and tao gei. drink water)

 

 

 

[13177]

Can't agree more, was in the market looking for a new car but got put off with the thoughts of paying such a high Coe price. Might as well get a near scrape car and more money in my pocket. It's all about face. If too rich and no where to spend, go ahead, if can't afford, just get a 8 or 9 yr old car.

I believe people mindset is if you buy a near scrap car, could end up many problems or you need to spend money to change many parts?!

[Rubberpad]

Tg Pagar Terminal will be shifted west for redevelopment.

 

i thought that was just rumours.

 

where is it moving to?

pasir panjang there? or tuas?

[TandemAssassin]

Well I will be the first one to 'fess up that I buy cars not because I need to use them. I just buy them because I feel like it. No matter how high the COE is; every once in a couple of years the itch comes along and the desire to "scratch" it gets stronger.

 

This lower COE is good news; it comes just as I feel like changing cars.

 

[Deckbuild]

I believe people mindset is if you buy a near scrap car, could end up many problems or you need to spend money to change many parts?!

 

It's all up to the mind, how bad could a B&B jap car be? I have been driving my 8 yr old car since day 1. Remember reading somewhere in this forum, someone didnt change his timing belt on the last year of his Coe, mechanic asked him to be easy on the car, and it lasted him till scrape, i believe its how one person whack or care when he drive to preserve his ride during times like this. Anyway that's another topic.