Will the COE bubble burst?

[Chittesh]

No...Not at all.

 

[Docomospur]

Personally, I don't think we'll go back to the days of $1 COE, or even, say, $10K-$15K for Cat A. Our roads are still so congested that the government should, in my view, hold back on quota to try and tweak the balance between car population and road capacity. Having said that, who knows what the PAP will do closer to the next GE? They may loosen the tap for COEs to bring prices down in a bid to win votes, and then tighten up again thereafter.

[Orange1971]

Burst? ...no....deflate?....yes.....but not in the near future....

[Veryfree]

with new cars fully booked and people waiting in lines for their new cars shipments in the coming 3-4 months, there is no way COE will be affordable by majority. LTA just want to reduce COE further... For car lovers with middle income, Singapore is a s--t place to be.

[Mllcg]

very easy for it to burst one.

 

just revert back to the old COE calculation system

[Achee]

What goes up must come down, the question is when

[Fcw75]

COE is a cash cow for the govt, there's simply no incentive for them to reduce the COE premium.

[Vega]

COE is pretty much recession proof as it is control by the govt. there are still alot of cash rich people who can still pay high COE. for COE price to come down, it will only happen when govt release more coe.....

[Kweechang]

What goes up must come down, the question is when

 

and how much? up 100K, then down 50K?????????????????

[Gee]

Doesn't matter if burst or not, does it?

When it comes to this kind of policy i am extremely skeptical.

The more you think about it the more it aggravates you to death.. sianz

[Angcheek]

COE is a cash cow for the govt, there's simply no incentive for them to reduce the COE premium.

[Angcheek]

 

Change the political group that control LTA

 

Make the system fair for everyone . Current method is just irresponsible

[Damien22]

Between a high COE premium and trying to control the car population on the road and a low COE premium but jams everywhere and everyday, which one do people prefer?

 

We are moving towards the former but it has not fully materialise yet, at least not until 2015-2016. Till then, everybody's guess is as good on whether the COE premium would plunge then. Personally, I do not think so. There would not be a $20k COE level soon.

[Chucky2007]

Change the political group that control LTA

 

Make the system fair for everyone . Current method is just irresponsible

What's fairness to everyone?

[Angcheek]

What's fairness to everyone?

 

There were many past thread talking about this. Some were very good suggestions .

 

For me , I guess , the system should not be skewed towards the rich.

 

Since land is limited in sg , just like housing (similar issue) , such necessity cannot be

 

left to 'open market' determination. Its a no brainer solution to just

 

cut COE or increase price or increase tax. There will be consequences. Frankly speaking,

 

there were many other contributing factors to the traffic problem . e.g. population increased ? ,

 

circle line ? lousy road planning (you will notice a big difference during school and non school

 

days ), increased in buses ? etc etc

 

I wonder will there be a day when drinking water will fall into such .

 

I do acknowledge its not an easy topic to tackle but isnt that why SG paid millions to those

 

up there .

Edited January 5, 2013 by Angcheek

[Voodooman]

When the public transport system is finally world class, driving to central business and shopping districts become an expensive exercise to the middle class family, seasoned parking in the prime area are at least 1k a month and the guy earning x thousand a month (single digit) can't take loans to pay for ERP and parking, we should see lower COE prices or when Singapore gets into a serious recession and unemployment rate goes up to double digit level.

[Turbonetics]

What goes up must come down, the question is when

 

 

the question is not only WHEN?

but also HOW MUCH?

[Turbonetics]

Personally, I don't think we'll go back to the days of $1 COE, or even, say, $10K-$15K for Cat A. Our roads are still so congested that the government should, in my view, hold back on quota to try and tweak the balance between car population and road capacity. Having said that, who knows what the PAP will do closer to the next GE? They may loosen the tap for COEs to bring prices down in a bid to win votes, and then tighten up again thereafter.

 

 

if iam not wrong,those $1 or $101 coe are some technical problem.

so if there were such problem again,it will happen again.

but then back to those below $20k COE,i don't think it will again at least not in the near future for the coming 5 years.

consumers' budget has already increase and they will be happy if it drops to below $40k.

Edited January 5, 2013 by Turbonetics