COE Bidding – 1st Round of February 2018

[Carbon82]

Community Service time...

 

Need a small favor from those who are has been following the COE Bidding threads I have started.

 

As I have receive several requests over the past 1.5 years, to include more useful information in the table, I have made some amendment to it, replacing the revenue collected for each category, with movement for that category (in absolute $ and %) for ease of reference.

 

I will need you to choose the preferred format via the poll created. Full changes (for the year 2006 - 2018 data) will be effective from next bidding exercise. Thanks in advance for your help with the poll and have a nice weekend.   Also, Best of Luck to those vested.

 

Old Format

 

New Format

 

The details of the February 2018 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 5 February 2018, 12 noon

Tender closes: Wednesday, 7 February 2018, 4.00 pm

Tender results: Wednesday, 7 February 2018 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,392 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,557 (-156 / -9.11%)

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,396 (+15 / +1.09%)

Category D: Motorcycles => 624 (+59 / +10.44%)

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 249 (-8 / -3.11%)

Category E: Open Category => 566 (+51 / +9.90%)

[Wildfaye29]

Up up down down up up down

 

Will it to up or down this time?

[Friendstar]

Up

[Tungsan]

This is the first round of the February bidding before budget day on 19 Feb, which contain the following uncertainty.

 

1. reduce quota for CAT A

2. timing of Good & Service Tax increased

3. VES kick in effect.

4. recent low of CAT A COE, will it sustain?

 

The pricing for all category premium will be known on 7 Feb@ 4pm. Good Luck.

 

 

 

 

[Ivantanjh]

Looking at it, I Guess the proces for CAT A will increase just slightly and CAT B to fall...

 

My 2 cents worth

[andrewyewkc]

Down, down, down as CNY is just round the corner.

 

Prefer New Format as the revenue is not directly relevant to most of us. Thanks for your effort! 

[Matrix0405]

Looking at it, I Guess the proces for CAT A will increase just slightly and CAT B to fall...

 

My 2 cents worth

 

With u. Cat B under pressure because 1) increased in quota. 2) VES killed several cat B Hybrid & Turbo.  Cat B cheaper than Cat A.

[kdash]

all the best to those bidding this round!

 

no preference of format, bro @carbon82. thanks for the efforts!

Edited February 2, 2018 by kdash

[nazerath]

Thanks for your effort.

[DACH]

Both formats will be good for all.

[Heng51]

Thanks for the efforts.

[us9392]

Cat A and B , both around $38k . Just a guess.

[Tim240]

I am bidding for this round. Looks weak but not expecting massive drop.

[Doppel]

I am bidding for this round. Looks weak but not expecting massive drop.

At last, someone who talks sensibly.

 

Most of us have the tendency when we're bidding, we wish it to come down, and after successfully securing, we wish it to go up.

 

It is the number one cardinal sin in my line of business:

 

Failing to see the market for what it is.

[Pocy]

☝

[Friendstar]

This is the first round of the February bidding before budget day on 19 Feb, which contain the following uncertainty.

 

1. reduce quota for CAT A

2. timing of Good & Service Tax increased

3. VES kick in effect.

4. recent low of CAT A COE, will it sustain?

 

The pricing for all category premium will be known on 7 Feb@ 4pm. Good Luck.

Last bidding 3 weeks ago.

 

Cat A 41k

[Lec5000]

38.38

[Scion]

this week, bitcoin crashes (again), US markets crash

 

so i'm guessing COE rises