LTA to increase up to 20,000 COEs

[Jamesc]

Never judge a man by his car

judge a man by the size of his

 

 

 

 

 

 

 

 

 

 

heart. 

[Ginyu]

On 12/6/2024 at 10:14 PM, Invigorated said:

Asked whether the injection of COEs will help bring down premiums and if more can be done to stabilise COE prices, Mr Chee said: “The Government can only control the supply of COE. I cannot control the demand.”

He added: “If prices come down, I think that will be a good outcome for car buyers.”

...

The 20,000 additional COEs will allow the Government to shore up supply in the near term without having to cut the supply from the peak years, Mr Chee said.

Link: https://www.straitstimes.com/singapore/transport/no-decision-yet-on-separate-coe-category-for-private-hire-cars-chee-hong-tat

My personal guess would be a bigger increase in coe supply in 2025 due to the trough and to encourage EV adoption, before a lesser increase from 2026 onwards. 

Apply some measures to dampen the demand la like phv registered cars cannot be converted for personal use,  down payment min 50%, 5 year loan max or bank increase lending rate to 4%. There are many things can be done to control the demand🤣

Edited December 7, 2024 by Ginyu

[Mkl22]

On 12/7/2024 at 1:05 PM, Ginyu said:

Apply some measures to dampen the demand la like phv registered cars cannot be converted for personal use,  down payment min 50%, 5 year loan max or bank increase lending rate to 4%. There are many things can be done to control the demand🤣

All car loans max 50%. All coe premiums sure come tumbling down. But then someone will say we rob the coffers and next gen 

[inlinesix]

They have no intention to reduce COE price.

Otherwise, how to meet target?

[Invigorated]

On 12/7/2024 at 12:19 AM, Mkl22 said:

Could have added more coe from 2023 when supply was lower than now. 
anyway we all know the reason why from feb2025. 🤣

it's obviously the election season/reason.. look at the recent reduction of property tax.. 

have to look out for budget 2025. Some will be worse off, some better.. life's like that..

Expect to see ERP 2.0,3.0.. increase erp rates cum 2026 after election wave is over. chicken wing comes from chicken body so there's no free lunch.

[Invigorated]

On 12/7/2024 at 1:19 PM, Mkl22 said:

All car loans max 50%. All coe premiums sure come tumbling down. But then someone will say we rob the coffers and next gen 

i feel the biggest loophole of all is the 0% dp that some still exploit if they borrow from finance companies.. plug this out and COE will surely see some dip one.

[Daniu82]

On 12/7/2024 at 1:05 PM, Ginyu said:

Apply some measures to dampen the demand la like phv registered cars cannot be converted for personal use,  down payment min 50%, 5 year loan max or bank increase lending rate to 4%. There are many things can be done to control the demand🤣

They only want to control the number of votes they can get. The others, you die your business. 

[Invigorated]

On 12/7/2024 at 1:39 PM, inlinesix said:

They have no intention to reduce COE price.

Otherwise, how to meet target?

I think it's not the individual COE price that they are focused on. It's the overall revenue and whether it follows and upwards trajectory.

If they increase the COE supply by 20K and the COE drops by a certain percentage but overall that boosts the collections from ERP, parking, taxes, power consumption revenue, increased business activity.. why not?

There are direct and indirect benefits derived so it's not as straightforward as 'no intention to reduce COE price' so that targets can be met.

[inlinesix]

LTA just make sure COE revenue meet target can liao