Serious Assoc Prof Theseira : "COE Prices Go Up Because There Are More Rich Sinkies Today!" Majulah PAP!

[JohnTan]

Experts and players, however, had varying views on how long the premium rally will last.

Asst Prof Fan expects the overall increase in COE to be “moderate”, because the demand for vehicles may come mainly from those who previously did not own one.

It would also be difficult to compare to the prices seen in 1994, he said, as “the dollar values look the same but the underlying drivers are very different.”

Assoc Prof Theseira pointed out that “1994 levels are significantly higher than current levels, given that there has been significant inflation and real income growth”.

“It is quite meaningless to talk about 1994 levels when HDB flats today cost what landed property cost in the 1990s,” he added.

Ms Sng from Wearnes Automotive predicted that COE premium will stay elevated “at least till next year”, owing to the limited supply.

Mr Wong of Autolink said that “from 2014 to 2019, we saw a big supply of COE”.

“So the next increase in supply is 2024. So I think the high COE will stay for at least two years, before it starts to ease,” he said.

At the end of the day, Assoc Prof Theseira stressed that despite the complaints of some people, the high COE premiums are really driven up by people who “are happy to pay the price necessary to drive a car”.

“And so, as long as the economy's doing well, you get more rich people in Singapore. Unfortunately, that means pressure on COE prices. That's the reality.”

https://www.todayonline.com/singapo...ter-open-category-premiums-hit-s99999-1867986

 

[jw5]

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Experts and players, however, had varying views on how long the premium rally will last.

Asst Prof Fan expects the overall increase in COE to be “moderate”, because the demand for vehicles may come mainly from those who previously did not own one.

It would also be difficult to compare to the prices seen in 1994, he said, as “the dollar values look the same but the underlying drivers are very different.”

Assoc Prof Theseira pointed out that “1994 levels are significantly higher than current levels, given that there has been significant inflation and real income growth”.

“It is quite meaningless to talk about 1994 levels when HDB flats today cost what landed property cost in the 1990s,” he added.

Ms Sng from Wearnes Automotive predicted that COE premium will stay elevated “at least till next year”, owing to the limited supply.

Mr Wong of Autolink said that “from 2014 to 2019, we saw a big supply of COE”.

“So the next increase in supply is 2024. So I think the high COE will stay for at least two years, before it starts to ease,” he said.

At the end of the day, Assoc Prof Theseira stressed that despite the complaints of some people, the high COE premiums are really driven up by people who “are happy to pay the price necessary to drive a car”.

“And so, as long as the economy's doing well, you get more rich people in Singapore. Unfortunately, that means pressure on COE prices. That's the reality.”

https://www.todayonline.com/singapo...ter-open-category-premiums-hit-s99999-1867986

This chap sounds like he is all set and ready to be a PAP election candidate.

 

[Chase]

This Associate Professor must be fake degree.

COE went up because we reduced quotas continuously for two years since Circuit breaker. Even car dealerships are complaining that they have less cars to sell due to semiconductor shortfall.

In free-market biding, how can prices go up by so much when there are less cars to sell + COVID-slowdown?

 

[Hypocrite-The]

Coe prices are high because the roof rich are manipulating the price because the system favours the rich