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COE Up Up & Away!!!

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COE Up Up & Away!!!

Post by DADDYCOOL on Wed 19 Oct 2011, 10:55 pm

well this should be expected lah... affraid

Prices for certificates of entitlements (COE) have soared to record highs on the back of an announced reduced vehicle growth rate.

The premium for a small car (cars 1,600cc and below, including taxis) COE ended at a 15-year high of $56,112.

This was an increase of 16.9 per cent from the previous premium of $48,006 at the last bidding on Sept 21.

Premiums for big cars (above 1,600cc) saw the biggest jump. It closed at $75,889 up from $63,600, an increase of 19.3 per cent, also a 15-year high.

The last time buyers saw such prices was back in 1997 -- when COEs were still separated into seven categories.

The open category, usually used for cars, also crossed the $70,000 mark. It finished at $73,600 up from $65,058, an increase of 13.1 per cent.

Commercial vehicle premiums increased the least -- it ended 12.8 per cent higher at $37,001.

Motorcycle premiums remained marginally unchanged at $2,091 from $2,078.

Fewer COEs to come

Last Friday, the Government had announced that Singapore's annual vehicle growth rate will be lowered gradually over the next three years as annual road growth could not keep up with the increase in vehicles.

The current 1.5 per cent growth will be cut to an effective one per cent next year, and 0.5 per cent in 2013 and 2014.

In practice, the vehicle cap will remain at 1.5 per cent for the first half of the quota year -- February to July 2012.

The cap rate will be slashed to 0.5 per cent for the second half of the quota year spanning from August 2012 to January 2013.

The new COE quota for February to July 2012 period will be announced in mid-January 2012. Given that the current motor vehicle population stands at 952,009 as of September this year, a 0.5 per cent cap means only about 4,760 vehicles will be added the following year, The Business Times reported.



PS: makes bro mikey COE looks cheap!
and mine lagi cheaper!!! silent
but if bro ken had kept his FREED ...
his is like FOC!!!
lol!

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Re: COE Up Up & Away!!!

Post by sevenseaters on Wed 19 Oct 2011, 11:12 pm

Breaking records on the process

I think still highly possible that it can go up again (at least until next regulation comes out)

Well for those who really need car, must take care your ride carefully cheers
Perhaps to further extreme, you use it until last drop of coe value

When it is yours, it will be yours...
You can't buy when it's cheap
But you can buy when it's expensive


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Re: COE Up Up & Away!!!

Post by HFSG on Thu 20 Oct 2011, 7:41 am

maybe we can sell our Freed.... Laughing
and get 2 unit of QQ, then I will consider upgrade to 8-seaters... bounce

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Re: COE Up Up & Away!!!

Post by DADDYCOOL on Thu 20 Oct 2011, 10:08 am

Freed_GB3 wrote:maybe we can sell our Freed.... Laughing
and get 2 unit of QQ, then I will consider upgrade to 8-seaters... bounce


or sell your FREED, get 2 units of QQ ;

go drive FREED taxi and you can get 15-seaters!!!
lol!


PS: and you can have more time for MU!!!

btw got freebies from F1?!!!
scratch

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Re: COE Up Up & Away!!!

Post by sevenseaters on Thu 20 Oct 2011, 11:02 am

Freed_GB3 wrote:maybe we can sell our Freed.... Laughing
and get 2 unit of QQ, then I will consider upgrade to 8-seaters... bounce

don't try,
don't play-play,
don't you dare
don't you even think about it
Mad Mad Mad

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Re: COE Up Up & Away!!!

Post by HFSG on Fri 21 Oct 2011, 8:23 am

PoisonApple wrote:
Freed_GB3 wrote:maybe we can sell our Freed.... Laughing
and get 2 unit of QQ, then I will consider upgrade to 8-seaters... bounce


or sell your FREED, get 2 units of QQ ;

go drive FREED taxi and you can get 15-seaters!!!
lol!


PS: and you can have more time for MU!!!

btw got freebies from F1?!!!
scratch
Yah hor... bom Swee! I like that. cheers

*F1 freebies, yes... but Icannot share... tongue


Last edited by Freed_GB3 on Fri 21 Oct 2011, 8:39 am; edited 1 time in total

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Re: COE Up Up & Away!!!

Post by HFSG on Fri 21 Oct 2011, 8:36 am

sevenseaters wrote:
Freed_GB3 wrote:maybe we can sell our Freed.... Laughing
and get 2 unit of QQ, then I will consider upgrade to 8-seaters... bounce

don't try,
don't play-play,
don't you dare
don't you even think about it
Mad Mad Mad

OOps... Rolling Eyes our watchman has sound out liao... Mad

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