Jayc Clutched May 30, 2012 Share May 30, 2012 From ST: By Christopher Tan Car buyers will get a small reprieve as a planned cut in COE supply from August will now be more measured. In an announcement following Transport Minister Lui Tuck Yew's pronouncement on mitigating the COE supply crunch early this month, the Land Transport Authority announced three measures. One, the planned cut of allowable annual vehicle population growth rate will stay at the current 1.5 per cent till next February, when it will go down to 0.5 per cent. This rate, which is one of the determinants of COE supply, was originally to be cut from 1.5 to 0.5 per cent from August. Two, the claw-back of oversupplied COEs made in 2008 and 2009 will be further deferred to July 2013 - a delay of one year. The claw-back, which has been responsible for an average 7 per cent reduction in COE supply each month, will resume in August 2013. Three, the Open COE category will shrink. Currently, 25 per cent of certificates from each of the four other COE categories go towards making up the supply of Open COEs. ↡ Advertisement Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 ya must post twice wmeh???? deleted other ont Link to post Share on other sites More sharing options...
13177 Hypersonic May 30, 2012 Share May 30, 2012 So COE will predict to drop or not? Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 basically COE will go up but slower Link to post Share on other sites More sharing options...
Princey_anne 1st Gear May 30, 2012 Share May 30, 2012 basically COE will go up but slower Prices crawl up or quota? Both is it Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 basically COE will go up but slower Same thinking....he is just delaying the solution. Such a measure need 1 month to think meh? Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 Same thinking....he is just delaying the solution. Such a measure need 1 month to think meh? er...duwan say so early wait 62.1 become 67.1 Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 So on the whole, nothing is changed. Only the implementation date delayed. Quick better grab cheque book and go showroom this weekend. Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 er...duwan say so early wait 62.1 become 67.1 Everything is planned? Wait till HG BE is over than announce. Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 Everything is planned? Wait till HG BE is over than announce. abuthen??? u born in 1996 ah? Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 abuthen??? u born in 1996 ah? lol Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 lol u see lah today also to 'punish' CPF again goalpost shift.....if this announce last week, think 70.1 Link to post Share on other sites More sharing options...
Gee 1st Gear May 30, 2012 Share May 30, 2012 That's it? That's the tweak? Link to post Share on other sites More sharing options...
Seanboi 1st Gear May 30, 2012 Share May 30, 2012 It's just delaying or maybe you can call it wayang. Prices will still go UP but at a slower pace. I dont see any difference. Why not get it over once and for all and see what kind of solution he will propose then. Link to post Share on other sites More sharing options...
RadX Moderator May 30, 2012 Share May 30, 2012 lol anyway later i expect the mid yr bonus for the Civil servants to come out.....balance the slew of bad news Link to post Share on other sites More sharing options...
Finclk 1st Gear May 30, 2012 Share May 30, 2012 (edited) Supply still drop ultimately. price still rise after these few mths. Take 1mth to come up with such a solution? omg man... Edited May 30, 2012 by Finclk Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 u see lah today also to 'punish' CPF again goalpost shift.....if this announce last week, think 70.1 True, everything is timed nicely. Basket. Link to post Share on other sites More sharing options...
Roh96 6th Gear May 30, 2012 Share May 30, 2012 anyway later i expect the mid yr bonus for the Civil servants to come out.....balance the slew of bad news Does it mean mid yr bonus is going to be attractive? ↡ Advertisement Link to post Share on other sites More sharing options...
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