Crowds flock back to car showrooms

[Jamesc]

Looking at the stock market, not sure if there is going to be any recession soon!

 

If you read some of the posters here its worse than recession coming,

 

deflation is coming and the property crash has been imminent since 2010.

 

The only thing I can sure of is the people that posted in 2010 that the

 

property crash is imminent has conveniently forgotten about it.

 

If they were right they will be banging on about it here.

 

Success has many fathers, failure has no fathers.

 

I have yet to see anyone posting - I was the one that predicted

 

the propety crash in 2010 and I was wrong.

 

[Wolfverine]

Agree!

 

That is why I mentioned previously that there are just too many theories on how the COE will trend next. Most important is buy when one is comfortable with the price!

 

 

If you read some of the posters here its worse than recession coming,

 

deflation is coming and the property crash has been imminent since 2010.

 

The only thing I can sure of is the people that posted in 2010 that the

 

property crash is imminent has conveniently forgotten about it.

 

If they were right they will be banging on about it here.

 

Success has many fathers, failure has no fathers.

 

I have yet to see anyone posting - I was the one that predicted

 

the propety crash in 2010 and I was wrong.

 

 

[Wyfitms]

 

If you read some of the posters here its worse than recession coming,

 

deflation is coming and the property crash has been imminent since 2010.

 

The only thing I can sure of is the people that posted in 2010 that the

 

property crash is imminent has conveniently forgotten about it.

 

If they were right they will be banging on about it here.

 

Success has many fathers, failure has no fathers.

 

I have yet to see anyone posting - I was the one that predicted

 

the propety crash in 2010 and I was wrong.

 

 

it is said the crash is imminent.. how one defines imminent is quite subjective.

 

There is no need to admit any wrong prediction cos the crash is indeed coming soon.

Just wait and see

 

[Jamesc]

 

it is said the crash is imminent.. how one defines imminent is quite subjective.

 

 

 

 

Imminent is quite subjective?

 

So you mean imminent can be happening very soon as in most dictionaries

 

or in 5 years time?

 

If I borrow money from anyone in MCF and promise to pay them back imminently.

 

I am very sure they will not be happy if I paid them back in 5 year time and

 

claim that Imminent is quite subjective.

 

 

im·mi·nent

adjective \ˈi-mə-nənt\

: happening very soon

http://www.merriam-webster.com/dictionary/imminent

[Porker]

 

 

Imminent is quite subjective?

 

So you mean imminent can be happening very soon as in most dictionaries

 

or in 5 years time?

 

If I borrow money from anyone in MCF and promise to pay them back imminently.

 

I am very sure they will not be happy if I paid them back in 5 year time and

 

claim that Imminent is quite subjective.

 

im·mi·nent

adjective \ˈi-mə-nənt\

 

: happening very soon

 

http://www.merriam-webster.com/dictionary/imminent

Actually it's true lah James. Like if on India timing then imminent can be 5 years or more :p

[Jamesc]

Actually it's true lah James. Like if on India timing then imminent can be 5 years or more :p

 

Haha ok! Then I guess "crash" is also subjective. Some might think down 20%,

 

some might think 30% and some down only 3% is a crash to them and so they are always right.

 

[Aukang]

Well said and fully agree. Unless and until there is a major economic downturn and tons of people losing jobs, there is no way the COE is going to nosedive. Demand outstips supply. Even with the much anticipated large pool of COE coming on stream in the next 3 years, there will be proportional increase in demand as well. The law of economic still holds.

Good to see lots of people go in now....great! The downward spiral is beginning.....next round may go up, but eventually it will soften when more and more scrap their cars....buying new or old....used cars dealers not dropping prices because they know many amongst those who scrap simply cant afford to buy new...so take the extra $ from the scrap and top up with cash or small loan....

[Heartlander]

My take is that crash or not will be determined by how much coe is released in next quarter.

 

The coe actually was quite stable before the last coe quota annuncement despite the tighter loan restrictions. That means people are willing to pay at that level.

 

But then after the announcement, everybody held their horses thinking the market will crash thus hoping to get better deals.

 

So if next quarter coe quota not much increase due to clawback to correct previous mistakes, then coe will surely rise again. It does not make sense for LTA to release all the potential coe as it need to show it has learnt from mistakes. But how much will be released will be interesting.

[car138]

Doubt the clawback will commence this year if it is stay around current COE price range which is not low by historical average. Moreover, the expected surge of more than 100k COE is in 2015 & 2016. This year only has slightly more than 30k cars to be scrapped.

 

If COE clawback start in next qtr, then COE price will rise again. This will raise more complaints. If not wrong, in the recent Singaporean satisfaction survey of Singapore govt policy in health, education, etc published in Strait Times, Transportation has the worst score.

 

Furthermore, if CAT A price does not fall to a more sane level, then the recent policy change in re-cat of CAT A&B car which started this year is also not working well.

[mdgg]

The clawback will definitely not happen this year. Last year, LTY told the public to be patient saying that the COE will be lower in 2014. He will have to make it happen and prove what he said is creditable.

[Blackyv]

The clawback will definitely not happen this year. Last year, LTY told the public to be patient saying that the COE will be lower in 2014. He will have to make it happen and prove what he said is creditable.

I won't bet on that.... Trust them is as good as trusting 2nd hand car dealer... Hehehe

[mdgg]

I won't bet on that.... Trust them is as good as trusting 2nd hand car dealer... Hehehe

Oh boy, this is mistrust at it's core. Lol.

[mdgg]

Whoever gets elected in the next GE, should they not honor 6 months of lemon law too?

[Heartlander]

The clawback will definitely not happen this year. Last year, LTY told the public to be patient saying that the COE will be lower in 2014. He will have to make it happen and prove what he said is creditable.

Very curious - is it not happening right now? Think he is very credible.

[Voodooman]

I won't bet on that.... Trust them is as good as trusting 2nd hand car dealer... Hehehe

It looks like you have signed on the dotted line or are trying to convince yourself to sign now that you believe claw back is imminent.

 

I am betting they will hold back till GE, it is just self interest at play.

[Blackyv]

It looks like you have signed on the dotted line or are trying to convince yourself to sign now that you believe claw back is imminent.

 

I am betting they will hold back till GE, it is just self interest at play.

Go dig out all my earlier post and read up my thought.. ... I'm quite active recently.... Hehehe...

[Ktglfc]

Very curious - is it not happening right now? Think he is very credible.

 

Just a bit lower niah...

not really LTY's credibiity, just some common sense and some info on his hands that there will be higher coe available, which will translate to a bit lower coe prices.

 

Wait until coe down to $30k this year 2014, then I will salute him for his creditable prediction

[Xers007]

i was told that over the weekends the stretch on leng kee sold over 600 cars... i guess the price will be heading north on the next 2 bidding at least...