SINGAPORE: Certificate of Entitlement (COE) prices rose across the board for all categories.
In the latest bidding exercise, the COE price for the open category experienced the biggest jump -- rising by S$7,001 to hit S$83,001.
The next biggest jump was in the big cars category, with premiums going up by S$6,751 to S$81,751.
The premium for small cars went up S$2,602 to S$69,903.
COE prices for commercial vehicles rose S$1,012 to hit S$59,001.
As for motorcycles, the COE price went up by S$11 to reach S$1,712.
From next month, the government will start imposing registration surcharges on cars with high carbon emissions under the new Carbon Emissions-Based Vehicle Scheme (CEVS).
Buyers of such cars will have to cough up between S$5,000 and S$20,000.
Motor traders said car buyers who wish to avoid the penalties are driving up COE prices in the latest bidding round.
Neo Tiam Ting, president of the Singapore Vehicle Traders Association, said: "The CEVS come in not only for Category B vehicles but for all vehicles, but Cat B vehicles will be affected more. Those in Cat B, those with high-capacity cars will be affected more, that's why the COE goes up more than A."
THIS IS GOOD NEWS!!
For those cheapskate MF car owners who bought their cheap cars during the low COE days and loan up to 10 years with no downpayment, their dream of owning another new car has come to an end!!
They have to lanlan stick to their old rusting piece of scrap metal and drooling while looking at other people's new and gleaming BMW, Volvo, Mercedes Benz, Lexus, Ferrari, Porsche, Audi and not able to do anything about it. However there are some dimwit who still treat their cars like gold.
Hopefully in another few years time all these old cars will be scrap as the owner cannot afford the $80K PQP and there will be less congestion on the road and luxury cars will rule the road!!
:oIo::oIo::oIo::oIo::oIo::oIo::oIo::oIo:
In the latest bidding exercise, the COE price for the open category experienced the biggest jump -- rising by S$7,001 to hit S$83,001.
The next biggest jump was in the big cars category, with premiums going up by S$6,751 to S$81,751.
The premium for small cars went up S$2,602 to S$69,903.
COE prices for commercial vehicles rose S$1,012 to hit S$59,001.
As for motorcycles, the COE price went up by S$11 to reach S$1,712.
From next month, the government will start imposing registration surcharges on cars with high carbon emissions under the new Carbon Emissions-Based Vehicle Scheme (CEVS).
Buyers of such cars will have to cough up between S$5,000 and S$20,000.
Motor traders said car buyers who wish to avoid the penalties are driving up COE prices in the latest bidding round.
Neo Tiam Ting, president of the Singapore Vehicle Traders Association, said: "The CEVS come in not only for Category B vehicles but for all vehicles, but Cat B vehicles will be affected more. Those in Cat B, those with high-capacity cars will be affected more, that's why the COE goes up more than A."
THIS IS GOOD NEWS!!
For those cheapskate MF car owners who bought their cheap cars during the low COE days and loan up to 10 years with no downpayment, their dream of owning another new car has come to an end!!
They have to lanlan stick to their old rusting piece of scrap metal and drooling while looking at other people's new and gleaming BMW, Volvo, Mercedes Benz, Lexus, Ferrari, Porsche, Audi and not able to do anything about it. However there are some dimwit who still treat their cars like gold.
Hopefully in another few years time all these old cars will be scrap as the owner cannot afford the $80K PQP and there will be less congestion on the road and luxury cars will rule the road!!
:oIo::oIo::oIo::oIo::oIo::oIo::oIo::oIo:
Last edited:
