COE Up Up & Away!!!

well this should be expected lah...

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!!!
but if bro ken had kept his FREED ...
his is like FOC!!!

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
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

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

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

or sell your FREED, get 2 units of QQ ;

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


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

btw got freebies from F1?!!!

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

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

PoisonApple wrote:

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

or sell your FREED, get 2 units of QQ ;

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


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

btw got freebies from F1?!!!

Yah hor... Swee! I like that.

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

sevenseaters wrote:

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

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

OOps... our watchman has sound out liao...