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COE Bidding - December 2024

Carbon82

By Carbon82,
in General Car Discussion

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Carbon82

Carbon82

Moderator

[flowerface]Community Service brought to you by MCF[flowerface]

[sunny]Good Luck to all vested![sunny]

3 useful links for MCFers

Highest Record

  • Cat A => $106,000 [Oct 2023]
  • Cat B => $150,001 [Oct 2023]
  • Cat C => $91,101 [Mar 2023]
  • Cat D => $13,189 [Nov 2022]
  • Cat E => $158,004 [Oct 2023]

Lowest Record

  • Cat A => $2 [Nov 2008]
  • Cat B => $200 [Jan 2009]
  • Cat C => $1 [Mar 2007]
  • Cat D => $1 [Mar 2003]
  • Cat E => $3,000 [Feb 2009]

24 Months Trend Chart (Mar 2021 - Feb 2023) *chart taken from www.sgcarmart.com

tuhE0Um.png

Upcoming Bidding Exercise

The details of the December 1st open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 2 December 2024, 12 noon
Tender closes: Wednesday, 4 December 2024, 4.00 pm
Tender results: Wednesday, 4 December 2024 (Available on www.onemotoring.lta.gov.sg)

The total quota available for this tender is 2,684 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES
Category A : Cars (up to 1,600cc and maximum power up to 97kW (130bhp); and fully electric car with maximum power up to 110kW (147bhp)) => 1,037
Category B : Cars (above 1,600cc or maximum power above 97kW (130bhp); and fully electric car with maximum power above 110kW (147bhp)) => 689
Category D : Motorcycles => 517

TRANSFERABLE CATEGORIES
Category C : Goods Vehicles and Buses => 262
Category E : Open Category => 179

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Ct3833

Ct3833

Supersonic
(edited)

Will be exciting in two more months when more COEs will be allocated from Feb onwards. Meantime, i dont see how coe price can go up now.

Edited by Ct3833
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Wildfaye29

Wildfaye29

Turbocharged
On 12/3/2024 at 8:17 AM, Ct3833 said:

Will be exciting in two more months when more COEs will be allocated from Feb onwards. Meantime, i dont see how coe price can go up now.

We shall see...

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cashcow

cashcow

Turbocharged

Traditionally Dec and Jan are seasonally soft for the car market.

Cat A may gravitate to around $75K~$80K and Cat B to around $95~100K.

What do you think?  :))

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Freeder

Freeder

Hypersonic

Soft months will kanna sapu by PHV companies.. Then that chee hong kia will act blur n blame the Oppo for twisting his words.. WTF..

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Fitmugen

Fitmugen

5th Gear
On 12/3/2024 at 3:20 PM, cashcow said:

Traditionally Dec and Jan are seasonally soft for the car market.

Cat A may gravitate to around $75K~$80K and Cat B to around $95~100K.

What do you think?  :))

Cat A $75k means can get new Honda Freed at $145k. I hope you are right but seriously no chance. This round Cat A will be $90+k again

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13177

13177

Hypersonic
On 12/3/2024 at 8:17 AM, Ct3833 said:

Will be exciting in two more months when more COEs will be allocated from Feb onwards. Meantime, i dont see how coe price can go up now.

If coe really comes down, then just in time for the GE and people would thumbs up to gahment and support them. Lol.

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Ct3833

Ct3833

Supersonic
On 12/3/2024 at 10:42 PM, 13177 said:

If coe really comes down, then just in time for the GE and people would thumbs up to gahment and support them. Lol.

The intention is very clear, it will definitely happen. It is not IF but how much lower. 

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Mkl22

Mkl22

Supersonic
On 12/4/2024 at 8:10 AM, Ct3833 said:

The intention is very clear, it will definitely happen. It is not IF but how much lower. 

Can always be an accidental system glitch. Like $101 and $2 coe! 🤣 

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13177

13177

Hypersonic
On 12/4/2024 at 8:10 AM, Ct3833 said:

The intention is very clear, it will definitely happen. It is not IF but how much lower. 

Ya, even lower $10k also consider decrease liao, even though the coe price still at $90k-$100k.

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Spidey10

Spidey10

Supercharged
(edited)
On 12/4/2024 at 8:49 AM, 13177 said:

Ya, even lower $10k also consider decrease liao, even though the coe price still at $90k-$100k.

master Yoda says have patience!! good things comes to those who wait.....feb will flood the market with COE, and then March - June prices will come down and down....so wait! and i suspect March or maybe April onwards is the big day.....down down down...happy happy for all...:grin:

also suspect from now on trend will be down - maybe every session down by a few k....till Feb..

Edited by Spidey10
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inlinesix

inlinesix

Hypersonic
On 12/4/2024 at 1:05 PM, Koster said:

I believe many waiting for Feb now. So demand shouldn't be high now.

Wait also no use.

LTA said progressively increase till don't know when.

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Koster

Koster

3rd Gear
On 12/4/2024 at 1:58 PM, inlinesix said:

Wait also no use.

LTA said progressively increase till don't know when.

That's true. Dunno how progressive is progressive. 

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