COE Bidding - November 2023

[Lethalstrike]

On 11/10/2023 at 3:49 PM, ksapple said:

So weird sgcarmart is showing the price

Ioniq 5 - catA and B no decrease in price

Niro EX - Decrease by 5k

Niro Hybrid (Highest Trim) - Increase by 6k (?? dun even y increase)

All other cat A decrease by 2-5K

When COE increase, all increase per COE but when decrease only a percentage

 

BYD Atto 3 - all decrease per coe

 

Probably C&C (KIA's distributor) is expecting Cat A to increase by $5k next bidding after the latest drop of $10k. So they just show a reduction of $5k on their current pricelist. 

[Ginyu]

At the end of the day is still speculation only. It can swing either way. When swing one side, all come out with their dragon and phoenix theory blah blah that this is expected then if one swing to other side unexpectedly,  they also can come out with other reasons behind it🤣

Edited November 11, 2023 by Ginyu

[Lethalstrike]

On 11/11/2023 at 11:19 AM, Ginyu said:

At the end of the day is still speculation only. It can swing either way. When swing one side, all come out with their dragon and phoenix theory blah blah that this is expected then if one swing to other side unexpectedly,  they also can come out with other reasons behind it🤣

Yah. A sudden drop of $40k when CAT B is still oversubscribed tells me that the COE system has no logic and isn't subjected to the usual laws of supply & demand, and ministers always like to say they don't have control and COE is subjected to market forces. The prices are dictated by how aggressive those few big players bid per round, it's a broken system subjected to manipulation and made worse by LTA's zero quota growth strategy. 

 

Edited November 11, 2023 by Lethalstrike

[thebestbees]

On 11/11/2023 at 8:19 AM, awhtc said:

Flatter COE supply curve may lead to more stable but not necessarily lower prices

A slew of non-supply factors needs to be addressed, along with a need to recognise that over-reliance on ownership measures will keep prices on an upward trend.

Two things are clear from Acting Transport Minister Chee Hong Tat’s reply to a flurry of questions related to certificates of entitlement (COEs) in Parliament on Monday.

One, the Government is not convinced that private-hire vehicle operators are contributing to persistently high premiums. Two, the relatively new zero-population-growth policy for cars introduced in 2018 is here to stay.

“It is not tenable for our vehicle population to keep increasing, as it means that we have to either set aside more land to build more roads, or accept higher levels of congestion like what we see in many overseas cities,” Mr Chee told the House.

There is some truth in that, although Singapore’s road network growth of 5.8 per cent from 2012 to 2022 actually outpaced its vehicle population growth of 2.7 per cent. But traffic, like most things, is not evenly distributed over time or location, and there is a limit to how much more the island’s road network can grow without impinging on space for other amenities.

If the vehicle population is not reined in, it stands to reason that our roads will become increasingly congested. This is made worse by an inordinate amount of road works, which have been creeping up over the years.

The sharp growth in point-to-point transport services has also contributed to this outcome, as has the positive relationship between high COE prices and car usage, which has been studied and proven by many academics. In tandem, the e-commerce surge has had a similar impact on motorcycle and commercial vehicle traffic and their COE prices.

Tax usage rather than ownership

This outcome of increasing road congestion is inevitable if Singapore continues to rely heavily on ownership measures without balancing them with measures to curb usage.

...

Fewer households can afford a car

Mr Chee, in his speech, revealed that the proportion of car-owning resident households has fallen from 40 per cent in 2013 to about 33 per cent in recent years. This percentage will shrink further as the resident population continues to grow. In a commentary I wrote in 2017 on the impact that zero car population growth would have, I said that by 2030, those aspiring to own a car may have to be among the top 20 per cent of earners.

...

Address demand factors

The Acting Transport Minister added that moves are under way to even out the peak-and-trough COE supply cycle. This is good news too, but the Government must address the non-supply factors that are keeping COE prices high.

...

https://www.straitstimes.com/opinion/flatter-coe-supply-curve-may-lead-to-more-stable-but-not-necessarily-lower-prices

Government not CONvinced that PHV/leasing company isn’t a causing a significant high premium of high COE? See the last 1-2 years the amount of new cars popping out from grab/GetGo/tribe and other smaller players you definitely can tell they play a huge part in it 

[Spidey10]

On 11/10/2023 at 6:22 PM, Jamesc said:

We can start a retired SG club in Japan!

 

Chairman and Treasurer...ok set!! 

[Spidey10]

On 11/11/2023 at 3:47 PM, thebestbees said:

Government not CONvinced that PHV/leasing company isn’t a causing a significant high premium of high COE? See the last 1-2 years the amount of new cars popping out from grab/GetGo/tribe and other smaller players you definitely can tell they play a huge part in it 

haiyooo...blind also can see ler!

of course they dun admit! else gonna get left, right and centre....

[Throttle2]

On 11/10/2023 at 9:39 AM, Spidey10 said:

yeah...just read rental coming down....hahahha....really dunno which direction it will go now....

got a fren bought into 2 condos,....bank interest went up and his installments skyrocketed as well... crazy man!!

Ok, hope your fren got the firepower type, not the CMI type.

or else, he will be the Kena Fu*ked type, muayhahhahhahhahh….. 

 

[Throttle2]

On 11/9/2023 at 1:11 AM, Throttle2 said:

Its profiteering.  Outright by the car dealers

Repeat

COE up, car price follow accordingly

COE down, Car price doesnt follow accordingly.

 

if thats not profiteering, then Radx is gay.   🤣😁😂😎

Edited November 11, 2023 by Throttle2

[Datsun366]

Biturbo

[Mkl22]

On 11/12/2023 at 12:01 AM, Throttle2 said:

Repeat

COE up, car price follow accordingly

COE down, Car price doesnt follow accordingly.

 

if thats not profiteering, then Radx is gay.   🤣😁😂😎

But people want to buy. They can choose not to buy now. Volume is less of course need more margins. 

[Throttle2]

On 11/12/2023 at 12:15 PM, Mkl22 said:

But people want to buy. They can choose not to buy now. Volume is less of course need more margins. 

Margins are margins.

COE is not part of that margin

it is a stupid cert of entitlement which is independant of that.

If we go eat caipng and the seller charges you more than the person infront for the same order becos his volume is lower now, it is profiteering

[Enye]

ho seh liao … next round up again

 dealers get shocked again

🤣

https://www.straitstimes.com/singapore/customers-throng-showrooms-after-coe-premiums-plunge-but-some-still-find-prices-prohibitive?utm_campaign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR3zBfxOkS_ONidgQcx39vBllj8bsqhNXi0Y6HMiXQL7BQAarMWSM4B6Od4_aem_AZeb8PDLtv92lQtFsA1aTw3YNMv5jL-34knM_TkudE9LyPhz9XnLNM8QO5BCKySoNEM

[Ginyu]

On 11/12/2023 at 12:57 PM, Enye said:

ho seh liao … next round up again

 dealers get shocked again

🤣

https://www.straitstimes.com/singapore/customers-throng-showrooms-after-coe-premiums-plunge-but-some-still-find-prices-prohibitive?utm_campaign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR3zBfxOkS_ONidgQcx39vBllj8bsqhNXi0Y6HMiXQL7BQAarMWSM4B6Od4_aem_AZeb8PDLtv92lQtFsA1aTw3YNMv5jL-34knM_TkudE9LyPhz9XnLNM8QO5BCKySoNEM

Aiyo the jazz previously price at $170k now drop to only to $160k then people go rush in and buy?  think no individual in their right mind will go pay $170k or even $160k for the jazz🤣

[Dafansu]

On 11/12/2023 at 1:16 PM, Ginyu said:

Aiyo the jazz previously price at $170k now drop to only to $160k then people go rush in and buy?  think no individual in their right mind will go pay $170k or even $160k for the jazz🤣

few years back can buy a new merz with this price. 

[Albeniz]

On 11/12/2023 at 12:57 PM, Enye said:

ho seh liao … next round up again

 dealers get shocked again

🤣

https://www.straitstimes.com/singapore/customers-throng-showrooms-after-coe-premiums-plunge-but-some-still-find-prices-prohibitive?utm_campaign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR3zBfxOkS_ONidgQcx39vBllj8bsqhNXi0Y6HMiXQL7BQAarMWSM4B6Od4_aem_AZeb8PDLtv92lQtFsA1aTw3YNMv5jL-34knM_TkudE9LyPhz9XnLNM8QO5BCKySoNEM

The last round was just a technical correction of $40k.  We are going to see a V-shape recovery of COE.

$150k ->$110k then ----->$180k soon!

 

[Ginyu]

V shape is delusional. Only down by 10k in overall purchase price but the question is who buy🤣

Edited November 12, 2023 by Ginyu

[Scion]

it'll be funny if the next round COE go up by 10k (A) and 40k (B)

net net bo lai

[Daniu82]

On 11/12/2023 at 4:54 PM, Ginyu said:

V shape is delusional. Only down by 10k in overall purchase price but the question is who buy🤣

Those buyers whose money is expiring or too rich. If not, must be those PHV companies. Who would buy at these levels, unless something wrong in their heads? 

Edited November 12, 2023 by Daniu82