COE Updates
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Good Day...
Anyone here interested in car mystery shopping?
Thanks!
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only go up .............................
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COE prices closed higher at latest bidding exercise. Cat A: $61,410 Cat B: $68,668 Cat C: $56,501 Cat D: $5,501 Cat E: $70,500
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May-July COE supply to expand by 41%
There will be 6,637 certificates of entitlement (COE) up for grabs per month in the May-to-July quota - 41 per cent more than the supply in the current three-month period.
The Land Transport Authority said on Thursday that the monthly supply of Category A COEs (cars up to 1,600cc and 130bhp) will go up by 45 per cent to 2,853. The monthly supply of Category B COEs (cars above 1,600cc or 130bhp) will expand by 29 per cent to 1,856.
The Open category, which can be used for any vehicle type but ends up mainly for bigger cars, will see a 54 per cent increase in monthly supply to 539.
Hence car buyers will have 5,248 COEs to bid for - 39 per cent more than today.
The supply for commercial vehicles will almost double to 736, while that for motorbikes will rise by 15 per cent to 653.
Industry watchers expect subsequent supplies to continue expanding, before the next wave of contractions some time in 2019 and expect COE prices to soften.
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Just pray that COE will drop...sometimes it only means more potential buyers when there are more COEs and it gets bidded up again.
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Are we expecting a drop in new COE prices with increase COE Quota soon?
Looking to buy a new car?
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hope it will drop in half a year's time.
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SINGAPORE - Certificates of entitlement (COE) took their biggest tumble in recent months on Wednesday, falling across the board to hit among the lowest levels this year.
COE for cars up to 1,600cc and 130bhp dived from $66,000 two weeks ago to hit a four-month low of $61,000. COE for cars above 1,600cc or 130bhp fell from $75,000 to settle at a three-month low of $71,509.
Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, slid from $75,801 to end at $74,501 - another three-month low.
Commercial vehicle COE finished at $50,502, down slightly from the previous $50,900. Motorcycle premium eased to $6,401, from $6,509.
Motor dealers expect the sizeable price correction to draw buyers to showrooms, but most are still predicting prices to fall further in the coming months.
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COE prices ended lower at latest bidding exercise. Cat A: $58,700 Cat B: $65,501 Cat C: $50,001 Cat D: $6,508 Cat E: $69,001
(July 8)
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I thought smart aleck will go and rent car instead of buy one, later a few year want to sell and upgrade new car sure cannot get back original price one if go and buy one?
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Originally posted by The Code:
later a few year want to sell and upgrade new car sure cannot get back original price one if go and buy one?
err, of course?
