Originally Posted by Unregistered

You haven't in the cost of monthly season parking, twice yearly maintenance, petrol, ERP, road tax, cost of a car.

Last time, COE also reached $2 during financial crisis. So $25k COE is very possible as economy is heading south now - people over-leveraged with properties, expensive cars will lose jobs in downturn. They will no choice but to lelong their assets. The economic cycle will just repeat again and again as history has shown in 1985/86, 1997/98, 2008/09.

I just sit back and see what gonna to happen in 2016/2017 - no rush for me. Very cheap lelong sale coming soon... it only happens once in a decade.