April COEs goes higher again! HUAT AHHHH!!!

[Rogue Trader]

Car COE premiums reach another high
The Open Cat, normally used for cars saw a rise to $84,590. -AsiaOne

Wed, Apr 04, 2012
AsiaOne
SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).


A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.

The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.

These prices for car COEs have not been seen in recent years.

Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.

According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.


[email protected]

Clarification: In an earlier version of this article some COE premiums were reflected inaccurately in the table. They have since been rectified.

April 1st biddingCategoryApril 4March 21

[TABLE="class: grid, width: 250, align: center"]
<tbody>[TR]
[TD="colspan: 3"]April 1st bidding[/TD]
[/TR]
[TR]
[TD="width: 50%, align: center"]Category[/TD]
[TD="width: 25%, align: center"]April 4[/TD]
[TD="width: 25%, align: center"]March 21
[/TD]
[/TR]
[TR]
[TD="width: 50, align: center"]Cars (1600CC & below) & taxis[/TD]
[TD="width: 25%, align: center"]$58,501[/TD]
[TD="width: 25%, align: center"]$56,501[/TD]
[/TR]
[TR]
[TD="width: 50%, align: center"]Cars (above 1,600CC)[/TD]
[TD="width: 25%, align: center"]$83,700[/TD]
[TD="width: 25%, align: center"]$82,003[/TD]
[/TR]
[TR]
[TD="width: 50%, align: center"]Commercial vehicles[/TD]
[TD="width: 25%, align: center"]$53,989[/TD]
[TD="width: 25%, align: center"]$51,511[/TD]
[/TR]
[TR]
[TD="width: 50%, align: center"]Motorcycles[/TD]
[TD="width: 25%, align: center"]$1,896[/TD]
[TD="width: 25%, align: center"]$2,000[/TD]
[/TR]
[TR]
[TD="width: 50%, align: center"]Open category[/TD]
[TD="width: 25%, align: center"]$84,590[/TD]
[TD="width: 25%, align: center"]$80,101[/TD]
[/TR]
</tbody>[/TABLE]

 

[AlamakQueen]

Haizzz, my darling Alamaking cannot buy car again this month....

 

[Kinana]

Good, I bought my car last year exactly in anticipation of this increase.

 

[Alamaking]

Haizzz, my darling Alamaking cannot buy car again this month....

I bought liao lor... you dunno meh

 

[Conqueror]

Second Hand Lor

Who is also affected ? Steep price for COE spells disaster ? Are our cars more ex than those in Japan and Hong Kong ?

Cannot afford then buy second hand lor. Or else what are we going to do ? Migrate ah ? Not a bad idea too. Anyway, our houses are so expensive these days.

 

[breaknews]

Re: Second Hand Lor

In singapore i take bus and mrt.

Dun really care if coe hit 100k.

 

[singveld]

The rich can stay in singapore. The poor should find a way to ship out. This is not a country for you people.

 

[The_Hypocrite]

In the PAPs eyes,,that just mean the economy is doing very well,,,and they are doing a good job as means more can afford to buy cars and GDP will go up even more