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Where do you think COE is heading? Reasons for COE to come down: - Grab, Uber has stopped expanding. - Comfort and Uber tie up may get rid of surplus cars - taxi companies have many taxi that no driver is renting - 2008; 2009 huge batch of cars are due for scrap. - people switching to uber/grab, and new MRT lines. - 1 rocket from N Korea to US will bring down COE, but increase Oil & Gold price. - And where have the buyers gone? A motor show and CNY did not push COE up, surprising. Reasons for COE to go up: - zero car growth starts in Feb - more stringent VES in Jun 2018 making cars more expensive - global and local economic growth forecasted for 2018 - strong stock market. COE & stock market are correlated if u hv not realised. - Trump is pro business, bode well for global economy. - Enbloc fever is turning Thousands of households into millionaires. Once these households get the $, a portion of them will upgrade/buy etc. Where do u think car prices are heading ?