COE direction for 2018

[Gnahp]

the 9mm

[CH_CO]

Me? I am already prepared if my minimum sum of a hundred odd k is gone, what else is there to give up?

 

Karma is a bitxh but it will come

Edited January 21, 2018 by CH_CO

[CH_CO]

http://www.rediff.com/getahead/report/career-3-indian-institutes-in-qs-top-200-universities-in-the-world/20170609.htm

 

 

Just look at this and tell me how to justify those so called talents, I correct myself both local uni in top 20 one at 11 and other at 15. Yet many engineering and it jobs are filled by people where their top uni is 172nd in ranks. No talents in sg?

 

Due to these massive imports. I have so many friends which were from local universities having trouble finding work and driving taxis,uber.

 

Are those people dumb? How dumb can those people be when they are in a ranked 11 and 15th university.

 

The garmen is shooting themselves in the leg. Really well done.

 

That said, we will see next year if elections, this year they don't let the coe go too high, lose votes already bad enough, make its people angry by hiking gst, a faster way to lose more votes

Edited January 21, 2018 by CH_CO

[Kopites]

  On 1/21/2018 at 1:40 AM, CH_CO said:

People complain about population growth and the fact that Singapore is getting more crowded thus the need to "control" traffic. This I agree but I will to ask for the people's help on certain aspects I have observed.

 

1. As singapore moves to a higher "standard" of living, moving "high" labor low skilled jobs out, have they considered huge differences between the higher levels and the lowest levels in terms of quality and money.

 

2. Having imported a huge amount of FT (talent/trash is subjective) it is evident that somewhere down the system is going to be choked, this to me would mean a huge amount of money what is supposed to be kept in singapore is now take out of sg via the enormous amounts of FTs working here. I have worked with many via various projects and many are telling me they are here just for the money.

 

3. Having said that, it comes to my 3rd point, there is nothing wrong coming here for the money and doing your best, having foreign talents trash it out with the locals where survival of the best works. Being where I come from I have noticed this huge gaps of skill defect coming from these so called talents, many don't really have the ability to keep their jobs at that price point and their argument of not being able to find other people for the job is just crap.

 

If you noticed how local applications are being shafted to the bottom of the stack of job applicants and having referred their own for job references and promotions, you will understand how blatant these people are. I once ran an audit and noticed the entire batch that was promoted were FT and non of the locals made the list, are we so f**ked up? Or are we being f**ked. I am not going to say, you guys come out with your own conclusions.

 

4. So where does all the local talent end up? In jobs that were initially designed for these FTs, the "dirty" work and lower paid jobs. Uber drivers, delivery agents, local accounts, lower grade IT support. I choose not to believe with that high amount of engineering and IT students coming out of our local schools(with so high ranking internationally 12th in the world, unless you tell me those ranking are fake) non of them made it to Middle and higher management in terms of IT or Services industries or any industry for that matter?

 

5. While the garmen justify the fact that our people are not growing organically, have they actually used their brain to think, why are the people in the 60s 70s able to have so many children, it is simply the lower cost of living (housing was below 30k buses were 10 cents 20 cents) anyone can survive with 500 bucks. Nowadays 500 bucks is probably just enough for us to take transport and have 3 meals in a hawker centre. Not enough even pay for a roof. So why are the garmen harping on the problem of a huge population when it is a problem they created.

 

Want a solution, easy, shut down the huge amount of people coming in, put up a quota for each country, allowing or forcing the companies to bring in only the quality ones, let them fight it out for the space. Then we are having the people which we want and for our locals to compete to.

 

6. Back to Coe, with a lower income levels the locals have to endure, we have to be content taking up grab or uber as a form of transport/supplementary work and this numbers in demand won't forever grow, it has and already hit its peak and eventually they won't need so much coe in time to come and demand for cars will drop regardless. So why is it not dropping, simply because these change in rules are adding more taxes on popular car models and reducing the subsidy on proven models which are giving a better fuel emissions (indirectly lesser pollution in terms of model) imagine if a 1.6litre car can produce the same amount of pollutants as a sports car? Can't be right? Why is the penalty the same for some models, is this a joke?

My view on your point 4.

 

Well in a company if you can get a foreign master degree holder demanding lower pay than a local normal graduate job who would you employ? No blame can be put on the local graduate due to the rising cost of living in every aspect from education to medical etc.

 

That was what I said. Making medical and housing costs like those in the 80s/90s. Free education for all Singaporean.

Edited January 21, 2018 by Kopites

[Alexis308]

  On 1/20/2018 at 4:09 AM, Heman75 said:

it doesnt make sense one.. the reason being very simple... CnC will take your car at below market rate making this whole this whole thing senseless. 

i am in the exact same situation as him.

our 3 yrs old E200 now depreciation is about 20k/yr although our coe is 70k. that is assume you drive full 10yrs

if you trade in now. they will only take your car at 120-130kmax.. meaning within the 3 yrs the depreciation is 30+k/yr

then the new E200 depreciation is around 21k/yr coe at 40+k

issit it LPPL 

 

it only make sense when your car market value is below paper value which maybe into the 6-7years. then deregister and export.

 

when sales person tell me i will analyse to him then keep quiet. but if you are into and like new things then this shouldnt be the concern

Hi Brother, just out of curiosity, why is your E200 depreciation per year so low? You must have a very good bargain. Care to share.

[Heman75]

  On 1/21/2018 at 3:34 PM, Alexis308 said:

Hi Brother, just out of curiosity, why is your E200 depreciation per year so low? You must have a very good bargain. Care to share.

Then list price was 240k before less 20k over trade exclude all the freee stuffs . Then the omv is around 42k. So depreciation about 20k . Now pre own e200 is only 17+k depre

[CH_CO]

  On 1/21/2018 at 3:18 PM, Kopites said:

My view on your point 4.

 

Well in a company if you can get a foreign master degree holder demanding lower pay than a local normal graduate job who would you employ? No blame can be put on the local graduate due to the rising cost of living in every aspect from education to medical etc.

 

That was what I said. Making medical and housing costs like those in the 80s/90s. Free education for all Singaporean.

Agreed that it will be cheaper if he can work. I would suggest an observation of 6months usually before we can confirm.

 

Based on past experiences, cheaper might not be better.I hire based on experience lesser on paper. Plenty of fakes out there. You mean you just trust a piece of paper? The same way we trust our scholars?

 

I know of plenty with a masters which cant even speak as well as the uncle selling hardware in a pasat malam, less to say present themselves in a management meeting. But these clowns can be paid those amounts because of their own kind. Mind you I am not racist, but nationalistic.

 

Do you think they can do work?

 

Masters is just a piece of paper to prove I can study that's all. It is all about networking.

Edited January 22, 2018 by CH_CO

[Vidz]

wah... TS only asked about COE trend in 2018, and you all drive to holland and back..   maybe I shouldn't open that can of worms... back to topic, gahment idea is to trend up the COE until kingdom come.

 

in near term, July2018 waiver for PM off, more cars will be banded up, GST up, 2018 outlook up, etc

 

mid-term, 2020 when satellite ERP, COE famine starts again

 

long-term, ah-gong's car-lite baby will come.

 

personally i think better not to ask if COE go up or go down, but ask your annual package go up or go down... if you drive you already are better of 50% of the population, be thankful...  

[Jwee85]

I only know last Saturday newspaper got many AD advertise super duper low prices for their cars.

Prices that was last seen in 2010.

 

Those that waited, should buy now.

 

Else after budget day, it will be another wild card panic.

[CH_CO]

Uncertainty is always the best thing for buying stuff lol

Edited January 22, 2018 by CH_CO

[Kopites]

  On 1/22/2018 at 12:54 AM, Vidz said:

wah... TS only asked about COE trend in 2018, and you all drive to holland and back.. maybe I shouldn't open that can of worms... back to topic, gahment idea is to trend up the COE until kingdom come.

 

in near term, July2018 waiver for PM off, more cars will be banded up, GST up, 2018 outlook up, etc

 

mid-term, 2020 when satellite ERP, COE famine starts again

 

long-term, ah-gong's car-lite baby will come.

 

personally i think better not to ask if COE go up or go down, but ask your annual package go up or go down... if you drive you already are better of 50% of the population, be thankful...

Actually cannot blame the thread got distorted all the way to Holland. One way to lead to another...it come down to dollar and cents.

 

Your last part on annual package will also lead into other aspects as well. Hahaha

 

The fun of forum discussion is to learnt how others perception and thoughts on certain issue. I can rightly say we yes...we are like duck sitting in a well looking up in the sky. Hearing only the thunder sound not knowing what is happening around us. Forum is a good avenue to pull us up from the well.

 

BTW Mustank just pulled up a two years old thread and shared ntuc distilled water can prolong the life of iron. See what I meant...hahaha this old men eat full nothing to do.

Edited January 22, 2018 by Kopites

[Zze121]

If quota is zero, bid wat?

I sell my scrap COE to a car dealer, if dealer wanna renew then reference to wat?

LTA pool them together for open bid?

Means that car dealer might not get his COE back if he lost the bid?

And those dun wanna to renew then LTA will release them for bidding right, but will the numbers be reduced?

[Kzone]

  On 1/19/2018 at 6:53 AM, Kia7200 said:

Congestion at mrt huh

 if u have to pay 50k for COE, u would want to make sure its worth ur money and use it well isn't it?

 

if COE is $1, there's less inclination to make the purchase worth the money n many will hog afew cars at home n can only drive 1 at a time.

 

Assuming COE quota is fixed, 50K COE cause more congestions for sure

[Evillusion]

  On 1/22/2018 at 1:08 AM, Jwee85 said:

I only know last Saturday newspaper got many AD advertise super duper low prices for their cars.

Prices that was last seen in 2010.

 

Those that waited, should buy now.

 

Else after budget day, it will be another wild card panic.

How come you have been asking people to buy car har?

[inlinesix]

  On 1/22/2018 at 12:54 AM, Vidz said:

wah... TS only asked about COE trend in 2018, and you all drive to holland and back..   maybe I shouldn't open that can of worms... back to topic, gahment idea is to trend up the COE until kingdom come.

 

in near term, July2018 waiver for PM off, more cars will be banded up, GST up, 2018 outlook up, etc

 

mid-term, 2020 when satellite ERP, COE famine starts again

 

long-term, ah-gong's car-lite baby will come.

 

personally i think better not to ask if COE go up or go down, but ask your annual package go up or go down... if you drive you already are better of 50% of the population, be thankful...  

 

Once waiver for PM off, all DI engine (except DI + PI) will be penalised.

 

From 2019, it is very likely COE will be negative growth to reduce car population (incl. PHV) to 550k.

 

Depends on economic condition, COE might go up for CAT A which will be predominantly Jap.

 

[kobayashiGT]

I think the COE will go down thou. 

 

 

  On 1/18/2018 at 3:29 PM, SGCMHello said:

Where do you think COE is heading?

Reasons for COE to come down:
- Grab, Uber has stopped expanding.
- Comfort and Uber tie up may get rid of surplus cars
- taxi companies have many taxi that no driver is renting
- 2008; 2009 huge batch of cars are due for scrap.
- people switching to uber/grab, and new MRT lines.
- 1 rocket from N Korea to US will bring down COE, but increase Oil & Gold price.
- And where have the buyers gone? A motor show and CNY did not push COE up, surprising.

Reasons for COE to go up:
- zero car growth starts in Feb
- more stringent VES in Jun 2018 making cars more expensive
- global and local economic growth forecasted for 2018
- strong stock market. COE & stock market are correlated if u hv not realised.
- Trump is pro business, bode well for global economy.
- Enbloc fever is turning Thousands of households into millionaires. Once these households get the $, a portion of them will upgrade/buy etc.

Where do u think car prices are heading ?

[Wildfaye29]

How low will it go?

[No_worries]

  On 1/22/2018 at 3:23 AM, kobayashiGT said:

I think the COE will go down thou.

I have been taking Uber recently to work as I wanted a break from driving . The 3 Uber Drivers I converse with indicate their intention to go back to driving a regular taxi after their contract (usually 6 months to 1 year contract ) is up. They cite being able to get street jobs, can choose destination ( well I was like ah hem) . For the Uber Drivers, they won’t know where you are going until you get into the car.

 

If this phenomenon pick up, Uber and grab will not buy so many cars and may even let go of some of their stock of cars, hence I am of the view coe prices will go down assuming government policies remain the same.

Edited January 22, 2018 by No_worries