Jump to content

2014 Aug 2nd COE Bidding Exercise


yo2020
 Share

Recommended Posts

like Singapore this kind of little red dot country should not allow ppl owning private car, whoever if want to use car, rent car from rental company :D

 

 

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

Although this is a fair system, I doubt this will materalise. It will kill the government's cash cow [rolleyes]

 

why cant they do away with the bidding.. do like hbd balloting.. if got it it is non transferable and must register car under the name and must return back to LTA if don't want to drive. of cos the consequences is ppl with coe will rent the car and make money. so there must be enforcement and caught will result in no able to go for balloting for life. financing rules stays, down 50% and balance in 5years. bottom line is they want to make money.

 

  • Praise 1
Link to post
Share on other sites

erection cuming sibo? [laugh]

 

So many goodies.....

 

Everyday turn on TV also got goodies package song. :D

 

today paper headline. COE will drop to 20k .. will be around 40k+ a few years down

 

  • Praise 1
Link to post
Share on other sites

fast forward another 10-20yrs, i wont b surprised if nominal COE at $100K is considered normal

Strongly believe so.

 

By then, my younger kid should be past secondary school. No need car anymore.

 

Meanwhile, aiming to renew in early 2016, expire early 2021. By then , 1 in Pri 6, 1 in Sec 2.

 

After that, i may not have any more personal reserves to rob from. Unless there is a crash for 2020 handover + help from ERP2.

 

hold your horses ... $20K COE for xmas? [sly] ... muahahahaha

 

 

 

I hate it when they toy with my emotions. Seems like like they are trying to confuse me till the point I just give up. However, I have dificulty being emotionless.

  • Praise 2
Link to post
Share on other sites

Selling price of cars did not go up after the 1st Aug session. Which means AD has the strength to bid Cat A up to $65K and B to $70K.

When will there be 1000 Cat A per session? Until there are 1000, supply exceeds demand big time.

  • Praise 1
Link to post
Share on other sites

Although this is a fair system, I doubt this will materalise. It will kill the government's cash cow [rolleyes]

 

 

post-136492-0-55838700-1408502815_thumb.png

Link to post
Share on other sites

Why the can run 4D twice a week , yet they don run COE bidding once a week? Current system is like 3 mth bidding + 1 mth delivery = 4 mth, to get a car. Weekly bidding system would be a win for LTA, AD and buyers. Buyer can get their cars sooner, AD's sales cycle is shorter and ofc LTA can collect their money earlier.

Link to post
Share on other sites

seriously, very boring to discuss COE liao, [sleeping]

obviously COE it's govt's cash cow, its definitely can not let it go down , whoever want to buy car just go ahead, will not be too much diff now and next year or 2016, if don't want to buy then don't waste your precious energy on this

  • Praise 1
Link to post
Share on other sites

seriously, very boring to discuss COE liao, [sleeping]

obviously COE it's govt's cash cow, its definitely can not let it go down , whoever want to buy car just go ahead, will not be too much diff now and next year or 2016, if don't want to buy then don't waste your precious energy on this

Agreed. those who want to wait can wait till the cow come home.

Link to post
Share on other sites

Why the can run 4D twice a week , yet they don run COE bidding once a week? Current system is like 3 mth bidding + 1 mth delivery = 4 mth, to get a car. Weekly bidding system would be a win for LTA, AD and buyers. Buyer can get their cars sooner, AD's sales cycle is shorter and ofc LTA can collect their money earlier.

it is not going to make a different. I don't think is how frequent you run it but rather how much is there for you to run for. you can have it every day but the fact is there is only so much for you to run for.

Link to post
Share on other sites

it is not going to make a different. I don't think is how frequent you run it but rather how much is there for you to run for. you can have it every day but the fact is there is only so much for you to run for.

 

Agree.. LTA may just pro-rated the quota.. won't make any difference

Why the can run 4D twice a week , yet they don run COE bidding once a week? Current system is like 3 mth bidding + 1 mth delivery = 4 mth, to get a car. Weekly bidding system would be a win for LTA, AD and buyers. Buyer can get their cars sooner, AD's sales cycle is shorter and ofc LTA can collect their money earlier.

 

actually would be a win for LTA and AD... but not sure about buyer... [sweatdrop]

  • Praise 1
Link to post
Share on other sites

 

Agree.. LTA may just pro-rated the quota.. won't make any difference

 

 

actually would be a win for LTA and AD... but not sure about buyer... [sweatdrop]

We are renting a car for 10 years.

Link to post
Share on other sites

(edited)

sit tight, actions r abt to begin. camera...

 

Bidding status as at 20/08/2014 14:47:14.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR UP TO 1600CC & 97KW 1 575 538

B CAR ABOVE 1600CC OR 97KW 1 506 398

C GOODS VEHICLE & BUS 1 257 216

D MOTORCYCLE 1 322 213 E OPEN 1 241 72

 

Edited by yo2020
Link to post
Share on other sites

Cat A is leading...

 

Bidding status as at 20/08/2014 14:52:44.00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 101 575 577
B CAR ABOVE 1600CC OR 97KW 1 506 403
C GOODS VEHICLE & BUS 1 257 241
D MOTORCYCLE 1 322 213
E OPEN 1 241 87


Within 2 minutes, Cat C is now leading...

Bidding status as at 20/08/2014 14:54:34.00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 30,000 575 595
B CAR ABOVE 1600CC OR 97KW 1 506 435
C GOODS VEHICLE & BUS 43,001 257 271
D MOTORCYCLE 1 322 213
E OPEN 1 241 87


Another 2 mins later, Cat A is in front again...

Bidding status as at 20/08/2014 14:56:24.00 hrs
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 55,506 575 627
B CAR ABOVE 1600CC OR 97KW 1 506 467
C GOODS VEHICLE & BUS 45,001 257 276
D MOTORCYCLE 1 322 218
E OPEN 1 241 88

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...