No more cheap COE? Tuck Yew la...

[Mockngbrd]

Steering clear of current roller-coaster COE cycle

 

By Christopher Tan, Senior Correspondent

 

 

The certificate of entitlement (COE) system is here to stay, but there may be room to tweak it further.

 

One change being considered is a flatter supply pattern over the long term, instead of the current roller-coaster cycle seen since the quota system started in 1990.

 

Transport Minister Lui Tuck Yew hinted at one way of doing this: tempering the huge supply of COEs that is due between 2014 and 2018 so as to mitigate the next cyclical dry spell.

 

:angry: :angry: :angry: :angry: :angry: :angry:

 

 

 

WHY THE CHANGE

 

Because all things being equal, come 2021, 2022 and so on, I will again face a situation like today. - Mr Lui, referring to the current supply crunch which has seen COE premiums exceeding $90,000 for bigger cars. One change being considered is a flatter supply pattern over the long term

 

The bonanza is expected to be fuelled by the record number of cars registered between 2004 and 2008. Such vehicles will reach their 10th year and be scrapped by 2014-18; and COE supply is tied to the number of cars scrapped

[Actan72]

another useless fellow.. COE is just to suck away our $$$

 

[Stratovarius]

This guy still don't get it..... :angry:

[Civic6228]

Well .... does he has to be reminded who/what made the mistake for the overprojection for Y2004 to Y2009 ???

 

Please, millions of $$$ are paid for certain important people ..... I want solution, don't tell the problem that every Tom, Dick and Harry already knows .... Something/someone create the problem but the same thing/people cannot clean up the "sh_t" that it/they have created .... Paid it/them Millions of $$$ for fark ....

Edited June 1, 2012 by Civic6228

[Jtay]

How is the picture relevant to the story?

[RadX]

How is the picture relevant to the story?

 

er...woith COE so high...better dun langga and scrap car...cannot replace

[Celicar]

How is the picture relevant to the story?

It is to show that car can crash, but COE won't.

[SimonTan]

There was no over projection in 2005-2009. Its was NOT a extra released of more Coe during the period.

The Hugh amount released was to compensate for the under-released of replacement quota in the years before!!

All along it was 3% growth from 2000 to 2010, as per the rule!

 

So now they tweak to 1% n 0.5% is another rule change. This everyone can accept. It must be clear and unwavering.

So that existing owners can plan when to change car and bid for the COE strategically.

 

But for tuck yew to really again want to tweak the expected 2014-15 massive deregistration, and release lesser replacement quota into the system JUST so to KEEP the COE price HIGHER is totally unacceptable!

 

I am not happy reading this news article.

Not fair to keep changing the allocation rule.

 

 

 

[Iiiusion]

I think they will claw back the some of the COEs with the higher deregistration 2014 onwards

[Help1]

he got it but he ignore it cos COE is a cashcow for the govt. they can use the revenue to "improve" transport infrastructure. there is no way for them to kill off this cashcow. they still insist in allowing taxi companies to bid together with the same categories. they still insist in retaining the price bidding war instead of fixating a price for balloting.

[Timbuktu]

That's very logical what, to prevent this feast and famine roller coaster ride of COE supply.

 

Due to his predecessor's misjudgment, the most effective way is to WITHOLD re-releasing the COEs that is going to be available from deregistrations in 2014-2018.

 

This will allow the LTA to clawback the over supply of COEs made 10 years ago, and to right-size back the total vehicle population on our roads.

 

The COEs held back from being re-released can be used to add onto the drop in COE supply expected in 2021-2022.

This will have an averaging effect, to prevent wild swings in COE prices within each 10-year cycle.

 

So I would consider this a good move overall.

And yes, this will also mean the end of low COE prices forever!

Given the constraints of road space on our tiny island, this should benefit the country (re avoidance of massive jams and economic inefficiencies) in the longer term.

[SimonTan]

What the news suggest is macro managing the quota to maximize the takings each bidding cycle.

That is like the casino manipulation the rules to make gambles lose more.

 

[Mockngbrd]

can someone setup a campaign to vote this bugger out in 2016?

[Jtay]

It is to show that car can crash, but COE won't.

 

Haha...i like your explanation

[Gnixer]

car population should be determine by market force.

every single little things also want to control, from top to bottom, up to making babies.

if the roads are jammed so be it. that is not gov fault/role to see traffic free on the road everyday.

if everyday roads are jamming, common sense people will just take public transport instead. those insist taking cars then don't blame roads jamming. it is a choice not a must to drive.

same logic as buying cars. price is high now, so is your choice to buy or not.

[Roh96]

er...woith COE so high...better dun langga and scrap car...cannot replace

 

 

I was wondering what has the langga photo got to do with this article.

[Roh96]

Looks like this fellow is just another Raymond Lim. Nothing is going to change, only play with formula and schedule.

[Johnnylim]

Steering clear of current roller-coaster COE cycle

 

By Christopher Tan, Senior Correspondent

 

 

 

The certificate of entitlement (COE) system is here to stay, but there may be room to tweak it further.

 

One change being considered is a flatter supply pattern over the long term, instead of the current roller-coaster cycle seen since the quota system started in 1990.

 

Transport Minister Lui Tuck Yew hinted at one way of doing this: tempering the huge supply of COEs that is due between 2014 and 2018 so as to mitigate the next cyclical dry spell.

 

:angry: :angry: :angry: :angry: :angry: :angry:

 

 

 

WHY THE CHANGE

 

Because all things being equal, come 2021, 2022 and so on, I will again face a situation like today. - Mr Lui, referring to the current supply crunch which has seen COE premiums exceeding $90,000 for bigger cars. One change being considered is a flatter supply pattern over the long term

 

The bonanza is expected to be fuelled by the record number of cars registered between 2004 and 2008. Such vehicles will reach their 10th year and be scrapped by 2014-18; and COE supply is tied to the number of cars scrapped

Errr......by the time, he still TM???