Quote:
Originally Posted by Unregistered
Supply of COE over the next coming quarter 14,114.
From October to December 2014, a total of 15,885 vehicles were deregistered.
So this forms the base demand. These car owners will buy new cars.
Additional demand will come from new drivers, higher population, richer households, buying 2nd and 3rd cars etc, estimate another 5,000
Total demand will be 20,885
Total supply 14,114
Demand > supply
Price of COEs will rise |
You assuming that all 100% of the 15,885 deregistered will be buying new car. That is a weak assumption. Suppose only 70% of them decide to buy new, and the other 30% give up driving, we will reach a state whereby demand will be lower than supply.
The days of low
COE are coming back. Huat ah!