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Old 19-11-2014, 09:25 PM
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Originally Posted by Unregistered View Post
You can dream all you want, but the truth is it will drop like a rock to $50k by end Dec 2015.
Don't be a fool. Those who listened to you would have missed getting their COEs at $63k.

Next bidding Cat A will hit $70k and then continue to go higher.

In 2015, 100,000 car owners will scrap their cars and will need to get a new COE to buy a new car. In 2016, another 100,000 car owners will also change to new cars. And this is demand from just the existing car owners. There are also pent up demand from new buyers comprising new additions to the population, rich young graduate couples, HDB flat flippers who made lots of money flipping their BTO flats, etc. The additional demand for new cars is very high compared to just the 0.25% growth in COE supply. So when demand is higher than supply of COE, price of COE will surely rise. If you study economics you would know.
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