Game Over: LTA cuts vehicle growth rate to 0

[Jman888]

will this news cause panick and market flood with ppl?

 

 

nope, many people buy in full cash won't even blink  

[Tungsan]

This Saturday CARS@EXPO will see sufficient customer for AD and PI .All showroom will be packed like sardine.

 

The fear impact comes, everyone will be panic and rush in.

[Wt_know]

COE peak close to $100K in Jan 2013

let's see Jan 2018 ... 5 years cycle back to $100K ... huat ah!

 

will this news cause panick and market flood with ppl?

 

Edited October 23, 2017 by Wt_know

[Sktan10]

Perspective,where are you?

Your view pls?

Still want to wait anot?lol..

[Columbian78]

Quote the CNA news "LTA added that the adjustment to the vehicle growth rate to zero is not expected to significantly affect the supply of Certificate of Entitlements (COEs), as the COE quota is determined largely by the number of vehicle de-registrations".

 

I think LTA is right on this. Key word "supply of COE" and not COE prices. In the short term there might be some knee jerk reactions in the COE prices but long run should be more impacted by other things like taxes and public transport dev.

 

Assuming current vehicle population in SG is 1 million (actual figure is around 900k+). Change from 0.25 to 0% is effectively 2500 COEs a year.

 

That is a reduction of 104 COEs per bidding spread over all categories.

[Mockngbrd]

i wonder if this is to buffer the emissions tax

[kdash]

waa heng ar! buy new car liao...

[Atrecord]

Looks like all the key ministers' - esp Hui ge - children all must have bought or changed cars recently, so can make COE spike now...

 

[kdash]

i wonder if this is to buffer the emissions tax

this is possible... take attention away from VES.

[Othello]

2019/2020 we should see the end of many renewed cars on 5yr COE. 

[Ender]

This comes right at about the time HPB is giving free trackers. All are planned ahead, we are encouraged to walk rather than drive.

[Vid]

Could be worse with negative

[DACH]

http://www.singaporebudget.gov.sg/.../4%20Government...

 

10% GST could be coming soon.

[Theoldjaffa]

This is what they mean:

1.  You peasants want to own cars?  Work harder n stop complaining about losing jobs to FTs.

2.  Take my World Class Public Transport System, breakdown often still wu hua compared to buy cars.

3.  Singapore is for the rich.  No happy migrate lor or move to JB.

 

In future, own red plate car is big farrk already.   Don't pray pray.

 

this sounds like what cscbb will say.

[Evillusion]

this sounds like what cscbb will say.

choi....choi...

[Sktan10]

waa heng ar! buy new car liao...

Congratulation on those who get their new car especially this few months where car price is the lowest.

You all make the right choice without waiting.

VES and growth rate cut,oh no......

[Tianmo]

Heng ah bought new car liao, but KNN sld have bought a bigger one!!!     

 

MTL!!! MTL!!!

 

Mia tu liao!!!

[Aaronlkl]

Come on la guys.. MIW are just doing their job to maintain "The MOST EXPENSIVE CITY TO LIVE" for many good years to come.

 

When the time comes, just make sure u put your cross in the right box.