LTA to increase up to 20,000 COEs

[Ct3833]

LTA to add up to 20,000 COEs across vehicle categories from Feb 2025

Lets start guessing, when will COE price come down, or will it at all?

Managing down COE price in prep for election? 😁but if they will to releaae it progressively over a few years,  i guess there will be not much effect.

Lets see how it will play out, meantime, for those who want to change car, there is no rush for now, it is worth waiting, unless COE price takes a nosedive in the next few months 

https://www.straitstimes.com/singapore/transport/lta-to-add-up-to-20000-coes-across-vehicle-categories-over-next-few-years-from-feb-2025

Edited October 29 by Ct3833

[Lala81]

Car scrapping in January. Take out popcorn and wait and wait. 

[Ct3833]

On 10/29/2024 at 7:55 PM, Lala81 said:

Car scrapping in January. Take out popcorn and wait and wait. 

Maybe you have a chance to break your high COE cycle now 

[Carbon82]

Election goodies to me. Not that I am skeptical, but the article mentioned 20,000 is across all categories for the next few years, so say 5 years.

20,000/5 = 4,000/year or 333/mth

If spread over just cat A, B & E (which is highly unlikely), that represents just about 111 more COE per month, the impact would be almost negligible, in view of the stronger demand.

[Benarsenal]

Yeah it all depends on the spread. Might not make that much of a difference possibly.

[Mkl22]

On 10/29/2024 at 7:32 PM, Ct3833 said:

LTA to add up to 20,000 COEs across vehicle categories from Feb 2025

Lets start guessing, when will COE price come down, or will it at all?

Managing down COE price in prep for election? 😁but if they will to releaae it progressively over a few years,  i guess there will be not much effect.

Lets see how it will play out, meantime, for those who want to change car, there is no rush for now, it is worth waiting, unless COE price takes a nosedive in the next few months 

https://www.straitstimes.com/singapore/transport/lta-to-add-up-to-20000-coes-across-vehicle-categories-over-next-few-years-from-feb-2025

all i can say need to increase hard for maximum effect... you can see for yourselves who is most loved.... 😁

 

[Inlinefour]

300 reserved for Grab cars 

 

balance 33 for newly naturalised UHNI 

 

LiangPoPo Huat ah 

[Gnahp]

how come I don't feel excited at all 

 

[inlinesix]

https://www.lta.gov.sg/content/ltagov/en/newsroom/2024/10/news-releases/injection-of-additional-coe-quota-with-reduced-usage---erp-2-0-t.html

Quote

Given the recent vehicle usage trends and improved capabilities of ERP2.0, LTA will progressively inject up to about 20,000 additional COEs across the vehicle categories from February 2025, over the next few years. This is similar to the approach taken when the Government injected an additional 10,500 COEs on top of the allowable VGR between 1997 and 2003, following the introduction of the ERP system.

I guess these words were missing or missed

Edited October 29 by inlinesix

[Columbian78]

I just renewed coe 5 years to extend my runway.

[ER-3682]

On 10/29/2024 at 9:12 PM, Gnahp said:

how come I don't feel excited at all 

 

Because,you well doing,COE Up or Down don't matter you.

[Gnahp]

On 10/29/2024 at 9:34 PM, ER-3682 said:

Because,you well doing,COE Up or Down don't matter you.

where got 

I already told my wife

if the COE stays at the current level when we are changing car

next car will be a toyota

[Tkseah]

Guess likely election will be Q3 2025...

[Mkl22]

On 10/29/2024 at 9:16 PM, Columbian78 said:

I just renewed coe 5 years to extend my runway.

Why not 10.? LTA bank very secure. 🤣

[13177]

Will the COE drop or not? Drop means drop to at least $60k?! Lol.

[Tohto]

No one ask, when is erection coming 😁😁

Anyway, boh wa a tai chi... 😂😂

Edited October 29 by Tohto

[Thinker00]

3/4 coe taken by private hire. Consumer don’t benefit

[shinkong]

On 10/29/2024 at 9:16 PM, Columbian78 said:

I just renewed coe 5 years to extend my runway.

Mine is expiring in Jan2025, and I plan to renew for another 5 years as well.