Quote:
Originally Posted by Unregistered
Many foreign banks ( Barclays, Standard Chartered, Deutsche, etc) are retrenching their senior bankers. Many SMEs are struggling, MNCs are feeling impact of China slowdown, O&G companies are not paying bonus with oil prices hitting 7 year low.
Predict further COE will drop to 25k. |
200 thousand of COEs will be released in the next 2 years!
Not all who bought cars with $10k
COE during 2006-2007 can afford to pay $55k at current
COE price.
Furthermore the current tighter financing rules for car purchase will further dampen the appetite. I havent talk about the Fed hike yet - which means higher interest rates for car loans
Many people are switching to Uber or Grabtaxi.
Downtown line starting end of this year.
COE price will just keep dropping from here