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Old 02-02-2015, 02:41 AM
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Originally Posted by Unregistered View Post
Tomorrow the 1st Feb 2015 COE bidding starts. Even though supply of COE has increased, demand will increase more. We can expect a lot of bookings during the Singapore Motor Show last month. With petrol prices now very low, people are switching from taking the taxi to driving their own cars.

When demand is greater than supply, price will rise.
Many dealers are pricing their cars at rebates of discounts $5-10k cheaper than last bidding. Even dealers are expecting prices to decline. Those who can wait will have the last laugh with cheaper COE.
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