COE Bidding – September 2022

[Ct3833]

On 9/12/2022 at 9:46 AM, Fcw75 said:

😅

co founder drops out of Forbes, but his wealth is still sibei solid, the damage is inflicted on the small time investors, not them. 

[Fcw75]

2 hours ago, mikk123 said:

haha....she is obviously not bothered by the COE price.....' as long as I can afford a car, why do I give a shit of who else can't buy one? ' 😁

 

A car? Maybe more than 3…haha.

[13177]

13 minutes ago, Fcw75 said:

A car? Maybe more than 3…haha.

Confirmed more than 2 la. She drives one car, her hubby drives one car, already 2 cars liao. Then maybe her kids also have car le?!

[Daniu82]

I don't believe if remove PHVs bidding will drive up COE even more. They just don't want to kill the golden goose. Drive up what costs?🙄

[13177]

1 hour ago, Daniu82 said:

I don't believe if remove PHVs bidding will drive up COE even more. They just don't want to kill the golden goose. Drive up what costs?🙄

Actually having the same Cat for private owners and commercial company bidding for the same Cat, a bit unfair for private owners. They should have a separate coe Cat just for commercial company to bid for commercial use.

[Stratovarius]

17 hours ago, Blueray said:

Creating new COE category for private-hire cars will drive up costs for consumers: Transport Ministry

https://www.channelnewsasia.com/singapore/coe-phc-private-hire-cars-rental-bid-category-2934951

Amy ... 

"Dr Khor said on Tuesday that "there is no evidence" PHC companies caused the increase in COE bid prices."

[Vratenza]

3 hours ago, Ct3833 said:

co founder drops out of Forbes, but his wealth is still sibei solid, the damage is inflicted on the small time investors, not them. 

All cashed out quickly via huge bonuses liao.... or else how to pay for all the GCBs

[mersaylee]

1 hour ago, Stratovarius said:

"Dr Khor said on Tuesday that "there is no evidence" PHC companies caused the increase in COE bid prices."

Eyes wide shut...see no evil 😁

[Volvobrick]

2 hours ago, mikk123 said:

...the problem with them is that they all think we are all stupid....whatever reason they come out we just take in and accept. Time has changed and they have not....

It is not about killing the golden goose. they can just remove the COE fluctuation by even out the quota, so people know what a car generally cost and planning out buying and scraping. Old cars slowly phased out and new better ones introduced.  Now the market is in a sick situation where car owners holding on to their old cars and keep on renewing COE. New and more environmental friendly cars can not sell. People maxed out usage of their cars and vans for reason that the price is sky high and use it to the very max, the consequences is super jammed up morning commute just for sending their kids to school. 

they don't want to do anything about it simply because they don't want to have additional work for them. paid so much and yet don't want to solve problems....

 

61% don't see it leh....

Edited September 14, 2022 by Volvobrick

[Vratenza]

2 hours ago, Stratovarius said:

"Dr Khor said on Tuesday that "there is no evidence" PHC companies caused the increase in COE bid prices."

Like how they cannot find any evidence of price collusion with the petrol companies?

[Fitmugen]

It’s a zero sum game. PHV serves the masses. If there is any policy change, gahmen only has incentive to make PHV COE lower and COE for private buyers higher.

so just suck it up and don’t make silly suggestions that make the situation worse

[Stratovarius]

1 hour ago, Vratenza said:

Like how they cannot find any evidence of price collusion with the petrol companies?

Also same as "there is no evidence" covid will spread in public transport. 

[Ingenius]

When Coe price level was low for many years, nobody complain the system is bad. Now when Coe is high, suddenly many people say the system is bad and needs change. 

[Lethalstrike]

7 hours ago, Stratovarius said:

"Dr Khor said on Tuesday that "there is no evidence" PHC companies caused the increase in COE bid prices."

Simi sai also no evidence one lah, from spread of Covid in public transport to high COE from PHV companies' bids.  

[Volvobrick]

26 minutes ago, Lethalstrike said:

Simi sai also no evidence one lah, from spread of Covid in public transport to high COE from PHV companies' bids.  

Yeah. No evidence high pay will get good performance from them too. 

[13177]

12 hours ago, Volvobrick said:

Yeah. No evidence high pay will get good performance from them too. 

They are super good la, they can just brush it off by saying there is no evidence show, and no one dare to challenge them to support what they have said. 🙄

[Vratenza]

13 hours ago, Volvobrick said:

Yeah. No evidence high pay will get good performance from them too. 

Ownself rate ownself... Ownself check ownself.... No good performance also difficult lah...

[inlinesix]

4 minutes ago, mikk123 said:

extra 2 mths of bonus for everyone because of high COE.... Job well done indeed. 😁

High COE likely budgeted as part of Govt Revenue