Is Our Economy Doing Well ? COE Up Again .

[Mdm Tang]

.


COE prices up because economy is doing well, says Lui

By Goh Chin Lian

COE prices are soaring because the economy is doing well and not because the Government is further slowing the growth in the vehicle population to 0.5 per cent, as that kicks in only in August, Transport Minister Lui Tuck Yew said on Sunday.

He was responding to a steady stream of complaints about certificate of entitlement (COE) prices - now at their highest in more than a decade - from residents during a walkabout in Cheng San.

Mr Lui said high COE prices are due to strong demand - with wages still on the rise, dealers introducing new car models and more people bidding now in expectation that premiums may rise further.

Come August, the annual allowable vehicle population growth rate goes down to 0.5 per cent, from 1.5 per cent today and 3 per cent before 2009.

 

[Kinana]

The economy is growing so strong la, singkies are getting richer and richer and richer to no end. What to do?

 

[Kinana]

Don't complain about the high COE now, it will surely go up even more later when the 0.5 growth kicks in. Then you cry for not buying now.
If you buy now, you will laugh later ust like me. I bought end of last year.

cheers

 

[Kuailan]

Papaya gahmen has got another 4 years to go, if they don't screw you sinkie peasant with high COE now ? than when?

Opportunity time to increase COE there's no transparency in the bidding...they are just like commercial company, even

with lesser cars for bidding the $$$ will make up for the volumn.....

 

[greedy and cunning]

yes , doing beri beri well. 60.1% chose the RighT government.
but this is not the reason for cOe going up. :o:o:o:o
CoE up because of sinkie mentality.