bidding stopping in about 10 minutes
don't look like its coming done.....
don't look like its coming done.....
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COE today - Up or down?
- Thread starter lorrydriver
- Start date
the only thing that will certain to come down on 2016 will be PAP votes.
SINGAPORE: Certificates of Entitlement (COEs) for cars fell in the latest bidding exercise on Wednesday.
The biggest drop was in the premium for big cars (Category B - 1,601cc and above), which fell S$34,577 to S$58,090.
The next highest drop was in the Open category, which dropped S$26,909 to S$S$65,001.
The premium for small cars (Category A - 1,600cc and below) dipped slightly, down S$3,612 to S$74,689.
Premiums for both commercial vehicles and motorcycles rose.
The COE for goods vehicles and buses went up slightly S$411 to S$53,900, while motorcycle COEs rose S$383 to S$1,895.
The biggest drop was in the premium for big cars (Category B - 1,601cc and above), which fell S$34,577 to S$58,090.
The next highest drop was in the Open category, which dropped S$26,909 to S$S$65,001.
The premium for small cars (Category A - 1,600cc and below) dipped slightly, down S$3,612 to S$74,689.
Premiums for both commercial vehicles and motorcycles rose.
The COE for goods vehicles and buses went up slightly S$411 to S$53,900, while motorcycle COEs rose S$383 to S$1,895.
As what I had expected, the drop in the small cars category is minimal as whatever loss of demand from marginal buyers was replaced by buyers downgrading from the large cars category. I expect this situation to stabilize in a couple of months before the COEs move up again.
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I thought Cat A should be more affected by the new measures......
Big car car tax up.
Many will down grade to skip tax.
for some "big" cars with omv less that 20k, e.g. civic 1.8 and hyundai tucson, the ARF remains the same so the cheaper cat B coe will be advantageous to would-be owners of such cars.
Regardless, to spend more than $100k on any budget Japanese car is ridiculous. Easily paying four times more for same car in other developed countries.
will a new Honda Civic cost less than a new Toyota Vios next month?
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The killer is the loan quantum not the cost per se. For big cars, you have to cough out 50% cash.
so for the average person, will it be better to buy a Civic rather than a Vios with the new COEs?
I can only say for the next month, the small car category COE will go down, the big car category COE will move up. Thereafter, things are not so bright.
If it is a big car and you have the cash, this is a good time to buy, the earlier you buy the better. Do it tomorrow. If it is a small car, do it next month. After that, I am not so sure, maybe it will get more expensive.
By Christopher Tan
The twin car measures announced in February have affected COE prices in the first tender on Wednesday, but not exactly in the way observers expected.
COE for cars up to 1,600cc ended at $74,689, down slightly from $78,301 before the loans curb and tiered taxation system were announced.
COE for cars above 1,600cc plunged from $92,667 to $58,090, as did its proxy, Open COE, which closed sharply lower at $65,001 - down from $91,910.
This is the first time that buyers of a economy car like a Toyota Corolla will pay substantially more for a Certificate of Entitlement (COE) than the buyer of a luxury car like a Porsche 911 since the COE system was introduced 23 years ago.
The premium for commercial vehicles crept up from $53,489 to close at $53,900.
Motorcycle COE premiums ended at $1,895, up from $1,512.
The twin car measures announced in February have affected COE prices in the first tender on Wednesday, but not exactly in the way observers expected.
COE for cars up to 1,600cc ended at $74,689, down slightly from $78,301 before the loans curb and tiered taxation system were announced.
COE for cars above 1,600cc plunged from $92,667 to $58,090, as did its proxy, Open COE, which closed sharply lower at $65,001 - down from $91,910.
This is the first time that buyers of a economy car like a Toyota Corolla will pay substantially more for a Certificate of Entitlement (COE) than the buyer of a luxury car like a Porsche 911 since the COE system was introduced 23 years ago.
The premium for commercial vehicles crept up from $53,489 to close at $53,900.
Motorcycle COE premiums ended at $1,895, up from $1,512.
What kind of observers? The COE results are exactly what I predicted in Feb in this forum ( see posts #51 & 52):
http://www.sammyboy.com/showthread....-only-the-rest-can-fark-spider-take-bus/page3
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These car dealers are crazy if they think they can control the market. At most, it will cause a one bid freak result as the market adjusts.
