How much are you earning per annum?

Originally Posted by Unregistered

Price is determined by demand and supply. Even though supply of COEs expected to increase, demand will also increase as those who deregistered will want to buy a new car. On top of that, there will be people who previously do not have cars wanting to buy a new car. These are young graduate couples who earn a lot, families who have seen salaries increase and many more people want to buy a new car as a car not only provide convenience but it is also a status symbol. 85% of families live in HDB flats and since they cannot afford to upgrade to a condo, at least they can buy a new car to give them satisfaction of enjoying a luxury good. There are also families who made a lot of money after they sell their BTO flat (bought very cheap) after the MOP. They use part of the cash profit to buy a new car.

In the first Nov bidding, even though the Cat A COE supply was higher, price went up due to the strong pent up replacement demand. Many whose cars are 8 to 9 years old are already replacing with new cars before COE prices go up further.

My car is 9 years+ old now, and I am waiting for COE to drop. Dont' scare me. Are you sure people around you are replacing it even around 8 to 9 years?? Should I enter market now before it goes back north again for COE?

COE how many months left? More than 5 months?

If so can still take a chance to wait for CNY demand to subside then bid. If not more than 5 months left, and you need a car then you will have to join in the crowd.

Even after CNY, and with high number of deregistration the COE may not drop much because the demand is there.

Originally Posted by Unregistered

My car is 9 years+ old now, and I am waiting for COE to drop. Dont' scare me. Are you sure people around you are replacing it even around 8 to 9 years?? Should I enter market now before it goes back north again for COE?

COE prices will continued the uptrend as demand is very high from those car owners who change to new cars as well as demand from new drivers. Many families are also richer from higher salaries as well as gains from profiting from the stock and property markets.

[lazyplane]

Originally Posted by Unregistered

COE prices will continued the uptrend as demand is very high from those car owners who change to new cars as well as demand from new drivers. Many families are also richer from higher salaries as well as gains from profiting from the stock and property markets.

Compared to previous years, i dont think much money from SG stock market and SG property in 2014.

Originally Posted by Unregistered

COE prices will continued the uptrend as demand is very high from those car owners who change to new cars as well as demand from new drivers. Many families are also richer from higher salaries as well as gains from profiting from the stock and property markets.

HELLO. You sure or not? The recent CatB $72k will be the highest point. It will go down the slippery slope with the tsunami of supply. Huat ah!

Originally Posted by lazyplane

Compared to previous years, i dont think much money from SG stock market and SG property in 2014.

If you have invested in a global portfolio with exposure to US, you would be making a lot. This is what the smart investors did. If you bought your property in 2005, 2006, you would see your property value doubled. So those who bought in 2005, 2006, can now sell and downgrade to a cheaper home and cash out to buy brand new cars, one for husband, one for wife and one for son.

Originally Posted by Unregistered

COE prices will continued the uptrend as demand is very high from those car owners who change to new cars as well as demand from new drivers. Many families are also richer from higher salaries as well as gains from profiting from the stock and property markets.

Looking forward to the avalanche of COE supply. $40K COE here I come!

Good news. I saw from the onemotoring website that the number of car de-registration has increased to 2,000/month for Cat A. Very soon it will be 3,000 and increasing to probably 6,000/month. Look forward to the COE plunge by then! Cheers everyone.

For every car deregistered, there is demand from the car owner who buys a new car. Every supply will be met by demand. Prices will not fall but in fact will rise as there will be additional demand from new buyers. Many families are richer compared to 10 years ago. Last time each family has only one family car, nowadays common to see two or even three cars per family as everyone needs a car, one for husband, one for wife and one for son. Young grads also want to buy car, undergrads also want to buy cars, even the old retired man also want to drive car.

[lazyplane]

Originally Posted by Unregistered

If you have invested in a global portfolio with exposure to US, you would be making a lot. This is what the smart investors did. If you bought your property in 2005, 2006, you would see your property value doubled. So those who bought in 2005, 2006, can now sell and downgrade to a cheaper home and cash out to buy brand new cars, one for husband, one for wife and one for son.

Well, there will always be smart and SMARTER investors with global portfolio/markets that will be making money.

I dont dispute that. What i cant figure out is the logic that you linking this to COE

So the question is , really then why so many smarter investors will buy a new CAR / COE and have such old cars that needs to renew now since they made so much money always.

And since you are talking about cashing out property for those who bought, are you also saying SG property price will crash ? If so, then wouldnt that mean that these global property investors also view that SG prices are at a peak and there needs to be a correction ?