Go Back   Singapore's Online Community > Current Affairs > Local Affairs
Register FAQ Member List Calendar Mark Forums Read

Local Affairs
Discussion of current events and issues around us.


Reply
 
Thread Tools Display Modes
Old 08-03-2007, 08:50 AM   #1 (permalink)
violette
Peach ^^
 
violette's Avatar

Join Date: Oct 2006
Posts: 18,914
iTrader: (530)
My Mood:
Gender:
Zodiac Sign:
Country:
Location: Tampines
SGC$: 216.94
Bank: 700.89
Total SGC$: 917.82




Default COE prices for cars up sharply after last month's tumble

Quote:
SINGAPORE: The premiums for Certificates of Entitlement for cars have more than doubled after last month's tumble.

In the latest open bidding exercise, COE prices for cars 1,600cc and below rose to $12,602 from $5,200 last month.

For cars above 1,600cc, the premium increased by $7,500 to $13,502.

COE prices for the Open Category also rose, by $1,397 to $13,201.

The premiums for goods vehicles and buses remained unchanged at $1 while those for motorcycles spiked by $63 to $964.

Last month's low prices did not persuade some people to buy.

"When the COE is higher, I will get back more in the future. So I don't see there is any difference," said a potential car buyer.

"When you purchase a car at a higher price, definitely the price will be higher when you resell. So I don't see a reason why there is a hoo-ha to buy a car when the COE prices are low," said another.

So some buyers are pragmatic when buying a new car.

But others don't want to miss out on the chance of a good deal.

In the last bidding round, almost twice the number of bids were received as there were COEs available.

But what caused the drop the last time round?

Edmund Gin, from Cycle & Carriage Automotive, said: "People who come in during that period of time before the COE drop could not have got their car before Chinese New Year. So everybody was thinking, 'hey, I come into the showroom and I can't get a car before Chinese New Year, I might as well wait'. The buying power was not there. So that has actually caused the COE to come down to $5,000 level."

And next month, the start of the new financial year will reveal the new COE quotas - which in turn will determine the general price of COEs.

Edmund said: "General feel is based on the scrapping of cars. Over the last one year, it has reduced. So the number of cars on the road has been kept at a certain level. So we should foresee less COEs being made available."

With the latest increases in COE premiums, the prices of most cars in Category A (1,600cc and below) should go up $1,000 to $2,000, while those in Category B (above 1,600cc) will rise some $1,000. - CNA/ir
http://www.channelnewsasia.com/stori...262533/1/.html

Pls check ur taobao orders here => (
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
) & (
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
)

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Dear all,
Pls contact me at
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
with regards to spree matters as I will be seldom online in SGC. Thanks.


11 ongoing sprees & counting...

[China] -
[Hong Kong] -
[Taiwan] -
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Vogue Shop l Your Fashion Shop l Wonderland l Beauty Secret l Kana
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

[USA]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Forever 21 l Urban Outfitters l Charlotte Russe l Smackers l ELF l Victoria's Secret
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
violette is offline   Reply With Quote
Old 08-03-2007, 09:20 AM   #2 (permalink)
jansenkoh
Cool SGClubber

Join Date: Feb 2007
Posts: 179
iTrader: (0)
Gender:
Zodiac Sign:
Country:
Location: pasir ris
SGC$: 391.50
Bank: 0.00
Total SGC$: 391.50
Default Re: COE prices for cars up sharply after last month's tumble

the rise is like way a lot man...haha..
jansenkoh is offline   Reply With Quote
Old 08-03-2007, 09:22 AM   #3 (permalink)
violette
Peach ^^
 
violette's Avatar

Join Date: Oct 2006
Posts: 18,914
iTrader: (530)
My Mood:
Gender:
Zodiac Sign:
Country:
Location: Tampines
SGC$: 216.94
Bank: 700.89
Total SGC$: 917.82




Default Re: COE prices for cars up sharply after last month's tumble

so scary when i saw the increase of prices.. my bf lose the bid.. left 2 more to go..

Pls check ur taobao orders here => (
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
) & (
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
)

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Dear all,
Pls contact me at
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
with regards to spree matters as I will be seldom online in SGC. Thanks.


11 ongoing sprees & counting...

[China] -
[Hong Kong] -
[Taiwan] -
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Vogue Shop l Your Fashion Shop l Wonderland l Beauty Secret l Kana
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

[USA]
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Forever 21 l Urban Outfitters l Charlotte Russe l Smackers l ELF l Victoria's Secret
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
violette is offline   Reply With Quote
Old 08-03-2007, 09:55 AM   #4 (permalink)
ayu_u
Registered Members
 
ayu_u's Avatar

Join Date: Dec 2006
Posts: 222
iTrader: (0)
Gender:
Zodiac Sign:
Country:
Location: MacPherson
SGC$: 344.20
Bank: 0.00
Total SGC$: 344.20
Default Re: COE prices for cars up sharply after last month's tumble

wa.. COE rising.. my bf planning to get a car.. guess gotta wait liaoz..

**


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Smile at each other, smile at your wife, smile at your husband, smile at your children, smile at each other - it doesn't matter who it is - and that will help you to grow up in greater love for each other. ::Mother Teresa::

**
ayu_u is offline   Reply With Quote
Old 08-03-2007, 11:54 AM   #5 (permalink)
applehearts
Apple
 
applehearts's Avatar

Join Date: Nov 2006
Posts: 1,417
iTrader: (0)
Gender:
Zodiac Sign:
Country:
Location: Hougang
SGC$: 282.30
Bank: 47.00
Total SGC$: 329.30

Default Re: COE prices for cars up sharply after last month's tumble

ya lor..
tot decrease liao
den can buy car.
then now increase again.
Haiz..


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
("v")Apple("v")

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
applehearts is offline   Reply With Quote
Old 08-03-2007, 12:13 PM   #6 (permalink)
shin-kyo
SGClub Driver
 
shin-kyo's Avatar

Join Date: Nov 2004
Posts: 1,794
iTrader: (0)
Gender:
Zodiac Sign:
Country:
Location: driver's world
SGC$: 570.50
Bank: 0.00
Total SGC$: 570.50

Default Re: COE prices for cars up sharply after last month's tumble

LOL. ive already expected this time will go up to at least $10k.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
shin-kyo is offline   Reply With Quote
Old 08-03-2007, 01:28 PM   #7 (permalink)
BlurDreamx
Addicted SGClubber
 
BlurDreamx's Avatar

Join Date: Jan 2007
Posts: 599
iTrader: (6)
Gender:
Zodiac Sign:
Country:
Location: WoodLands
SGC$: 721.80
Bank: 0.00
Total SGC$: 721.80
Default Re: COE prices for cars up sharply after last month's tumble

raise by so much >.< buy car gt to tink again liao
BlurDreamx is offline   Reply With Quote
Old 09-03-2007, 01:29 AM   #8 (permalink)
finaldust
Hiroto
 
finaldust's Avatar

Join Date: Nov 2004
Posts: 4,385
iTrader: (3)
Gender:
Zodiac Sign:
Country:
Location: Woodlands
SGC$: 1,155.42
Bank: 0.00
Total SGC$: 1,155.42

Default Re: COE prices for cars up sharply after last month's tumble

think it will drop and increase like stock bah must bring when it is low bah

to fall in love is always easy
to start a relationship is always simple
to build it, is always tough
to maintain it, is 'better said than done'
to break off, is 'easier said than done'
to remain friends after u broke off, is never possible
to forget the memories is 'always doing but never succeeding'
to heal the pain within is hard and tough and never near simple
but one has to try to heal your own heart...
finaldust is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

SGC$ Per Thread View: 0
SGC$ Per Thread: 2.00
SGC$ Per Reply: 1.00

Similar Threads
Thread Thread Starter Forum Replies Last Post
COE prices plunge to S$1 for goods vehicles category violette Local Affairs 0 21-12-2006 09:02 AM
Civil servants to get 2.2 months year-end bonus violette Local Affairs 10 26-11-2006 08:05 PM


        All times are GMT +8. The time now is 01:47 AM.