COE Bidding - December 2023

[ccc888]

@Mkl22 u sure 2029 COE will be cheaper?

I noticed COE run up usually coincides with property prices.

Last few years property prices especially Landed had easily went up by 2-5M…..

Those who took profit will not feel any pain paying for 300k car.

[Mkl22]

On 12/18/2023 at 9:10 PM, ccc888 said:

@Mkl22 u sure 2029 COE will be cheaper?

I noticed COE run up usually coincides with property prices.

Last few years property prices especially Landed had easily went up by 2-5M…..

Those who took profit will not feel any pain paying for 300k car.

2009 low, 2019 low. 
2013 high, 2023high. 
 

you can plot the graph of prices of cat A and B and their respective quota numbers. 
 

Bette for you not to believe and then I have less competition. 😂

Edited December 18, 2023 by Mkl22

[Ginyu]

On 12/18/2023 at 1:56 PM, Ct3833 said:

haha, this is an interesting question. survival wise, i think both cars could survive till the 20th year with the way I maintain them, though Altis is nearly maintenance-free, because it has less things to spoil and therefore, to  repair, even airbags are a lot lesser😅.

But look at it this way, the PARF of Altis is so low, that means on the 20th years when i renew COE, the PARF loss(or PARF saving) benfit is insignificant, then might as well get another newer Altis to renew COE? In fact my son has an Altis to be due early 2015, if COE comes down by then, i will sell this current Altis and renew the other Altis. W212 has a higher PARF value, therefore, better PARF loss(PARF saving) benefit😄, do you think it is worth to renew the W212 for another 10 years😅. Ib fact i have no loss, in case at anytime i feel like lettin git go, I will not suffer PARF loss, just get back whatever unused COE from LTA.

In parallel, I have started looking at used W213, but my wife keeps nagging that i dont drive much, instead of letting the children use the cars for free, why should i spend money😪. That is the problem when a wife cannot see open. 😰 Fact is I do not need the car often, only go to market or go for lunch or breakfast with her, or when i have to meet my clients(as a transport, nothing to show off), otherwise  i cant possibily be purposely driving the car out for fun rides, or drive it to the office and pay for > $50 parking per day when i only have to pay  1.86cent per day for public transport using my Silver(golden) passion card.  

May consider a second ride depending on how the coe perform , hopefully down to 50k levels. Anyway entitled to free parking for 2nd car. Envy those with 2 or more rides and still take the bus occasionally🤣

 

[ccc888]

@Mkl22 actually buying a car, 2/3 of the cost goes to garmen in a form of tax….

Claim Ah gong gaogao by simi pioneer card? Ended up paying 100k+ wealth tax to garmen without realising it and happily paid for it ahahahahaha

[ccc888]

@Ginyu Last nite i park at TPY and took MRT to Orchard rd whahahaha

[ccc888]

@Mkl22 i was hoping to time changing car in 2026 but my bubble burst when they come up with simi cut and fill.

 

Later on in 2026-27, they will cut current quota to fill future quota in order to maintain price stability.

We gona have constantly high COE liao….no more peak and trough lah whahahaha

 

* cheapest COE i got last time was <5k fyi lolol

Edited December 18, 2023 by ccc888

[Ct3833]

On 12/18/2023 at 9:19 PM, ccc888 said:

@Mkl22 i was hoping to time changing car in 2026 but my bubble burst when they come up with simi cut and fill.

 

Later on in 2026-27, they will cut current quota to fill future quota in order to maintain price stability.

We gona have constantly high COE liao….no more peak and trough lah whahahaha

 

* cheapest COE i got last time was <5k fyi lolol

Wah lao you enjoyed cheap cheap COE once already, you must not complain anymore, time to pay back

[Mkl22]

On 12/18/2023 at 9:19 PM, ccc888 said:

@Mkl22 i was hoping to time changing car in 2026 but my bubble burst when they come up with simi cut and fill.

 

Later on in 2026-27, they will cut current quota to fill future quota in order to maintain price stability.

We gona have constantly high COE liao….no more peak and trough lah whahahaha

 

* cheapest COE i got last time was <5k fyi lolol

Cut and fill is only for those 5years coe. And most of the numbers have been ear-marked. Nothing much to cut since hardly any 5year coe renewals in the last 2years. Go see the LTA statistics. 
 

anyway cannot predict what they will do in the future. My guess is they will somehow ramp up a bit of supply given new roads and infrastructure to allow more quota. New PM coming so maybe like the last time, a mistake of over estimation of coe can happen again? 😂

Edited December 18, 2023 by Mkl22

[ccc888]

@Mkl22 tbf, i hope im dead wrong so that i can change car cheap cheap again in 2026 hahaha

[Ct3833]

On 12/18/2023 at 9:37 PM, ccc888 said:

@Mkl22 tbf, i hope im dead wrong so that i can change car cheap cheap again in 2026 hahaha

In a controlled supply and demand market, when everybody is waiting for something to happen, that something will not happen 😄

[inlinesix]

On 12/18/2023 at 9:33 PM, Mkl22 said:

Cut and fill is only for those 5years coe. And most of the numbers have been ear-marked. Nothing much to cut since hardly any 5year coe renewals in the last 2years. Go see the LTA statistics. 
 

anyway cannot predict what they will do in the future. My guess is they will somehow ramp up a bit of supply given new roads and infrastructure to allow more quota. New PM coming so maybe like the last time, a mistake of over estimation of coe can happen again? 😂

“Mistake”🤭

[Mkl22]

On 12/18/2023 at 9:54 PM, inlinesix said:

“Mistake”🤭

Yup. Was reported a mistake for 3-4years…….😂

[Lethalstrike]

On 12/18/2023 at 9:33 PM, Mkl22 said:

Cut and fill is only for those 5years coe. And most of the numbers have been ear-marked. Nothing much to cut since hardly any 5year coe renewals in the last 2years. Go see the LTA statistics. 
 

anyway cannot predict what they will do in the future. My guess is they will somehow ramp up a bit of supply given new roads and infrastructure to allow more quota. New PM coming so maybe like the last time, a mistake of over estimation of coe can happen again? 😂

Current PM who took over from Goh is with surname Lee, so "mistake" like this to sweeten the ground can happen. 

Incoming PM is Wong, no such "mistake" as he is expected to tank all the shit handed over by Lee, and he needs to replenish the coffers 😁

[Ginyu]

On 12/18/2023 at 9:10 PM, ccc888 said:

@Mkl22 u sure 2029 COE will be cheaper?

I noticed COE run up usually coincides with property prices.

Last few years property prices especially Landed had easily went up by 2-5M…..

Those who took profit will not feel any pain paying for 300k car.

They feel painful throwing money away lei and rather wait.  Only those want to look rich do not mind taking up more loan to enjoy the now 300k car when it was previously priced at 150k 🤣

Edited December 20, 2023 by Ginyu

[Ginyu]

On 12/18/2023 at 12:24 PM, Ct3833 said:

More likely to trend down slightly within 3k to 5k range for both Cats,   no significant movement. 

Will be interesting for Cat B when C&C starts to launch the new W214, looks like they have not started collecting pre launch booking ?  In my own view, look wise the car has nothing to shout about, so with the 400k price range, not sure what will be the adoption rate.

Maybe still negotiating the deal with taxi company for bulk purchase🤣

Edited December 20, 2023 by Ginyu

[Mockngbrd]

Low Coe raiding our reserves how dare you! 

[Beehive3783]

On 12/18/2023 at 9:56 PM, Mkl22 said:

Yup. Was reported a mistake for 3-4years…….😂

So... Raymond Lim took the fall for this "mistake"?  

[Mkl22]

On 12/20/2023 at 9:27 AM, Beehive3783 said:

So... Raymond Lim took the fall for this "mistake"?  

he took the fall for MRT. more coe quota was a happy thing for all. thats why you saw many many chery QQ OPC being registered during that period it was the only time where ARF paid was taken to supplant the OPC rebate of 17k as COE was below 17k. In some cases for chery QQ as the ARF paid was too little , even lugi and cannot redeem full value of the rebate.