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How much are you earning per annum?

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  #5911 (permalink)  
Old 13-11-2014, 08:12 PM
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Quote:
Originally Posted by lazyplane View Post
Well, well ....i guess someone can now be called the smartest investor.
And based on the view, COE price will rise .

Let do a check back by Jun 2015 to see if this smartest investor is right.
Alas, how would anyone know which unregistered fellow was the "right" one?

The joke of having a forum with unregistered posters lol

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  #5912 (permalink)  
Old 13-11-2014, 08:39 PM
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Aiyah, you guys. This forum is not right forum for discussing COE prices.

Anyway, just to add my piece to the topic. You all forgot to factor in the gahmen's curve ball. Although the number of de-registration is going up, the gahmen might just decide to spread the "bumper" COE over a longer period. They certainly don't want to repeat the mistakes 10 years ago where COE cost less than $10k.

Those who drive daily will know how bad the jams are during peak hours. The gahmen cannot afford to let the situation get worse, so they will control the release of the bumper COEs. How can COE price drop?

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  #5913 (permalink)  
Old 13-11-2014, 10:08 PM
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Honestly anyone who has to wait for COE to drop before buying a car shouldn't be driving anyway. The COE correction is a drop in the bucket compared to the cost of maintaining the car.

If you currently have and need a car and you looking to replace I can understand that you hope COE will go down. But if an aspiring car owner is timing the COE in order to buy a car its best the individual save the money on more worthwhile things instead of a large depreciating asset. (because you will lose much more in the long run)

Perhaps the government should let the COE drop but tighten the bank loans.

I just got my Cat B as well, if the COE drops so be it. I didn't buy a car to worry how much the COE was going to be in a year or 2 time.

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  #5914 (permalink)  
Old 13-11-2014, 10:46 PM
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10 years ago, our combined net worth (my wife and I) was $400k at best. Today, fast forward, our net worth is $2.5m. The increase is due to increase in salaries, savings, property appreciation, CPF increase, other assets appreciation, etc.

To us, a $63k or a $70k or even a $100k COE is nothing. Just a small % of our wealth. So, we can just buy a new car. 10 years ago, $100k is big to us, today it's small.

I'm sure there are many families with net worth more than ours, so many families will be buying new cars no matter what the COE will be.
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  #5915 (permalink)  
Old 13-11-2014, 10:59 PM
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Originally Posted by Unregistered View Post
I find our roads nowadays so congested, it takes a long time to travel from one point to another. We have too many cars and motorbikes on the road, not only by Singapore registered vehicles but also Malaysian registered vehicles. We must ban Malaysian registered motorbikes in Singapore, they should only be allowed to travel by bus. These motorbikes are noisy (many modified engines) and cause a lot of pollution. We need to reduce the number of cars and motorbikes on our roads.
Totally agree. Singapore factories should all move to Iskandar JB. Industrial lands cheap, labor cheap, car cheap, houses cheap. Most important they need not come to island state to jam up all our roads.
Our employers can stay there to enjoy low cost of living, yet stay in bangalow and play golf every evening. Our express ways to be reserved for the elite for grace and peaceful drive.
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  #5916 (permalink)  
Old 13-11-2014, 11:23 PM
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Originally Posted by Unregistered View Post
Totally agree. Singapore factories should all move to Iskandar JB. Industrial lands cheap, labor cheap, car cheap, houses cheap. Most important they need not come to island state to jam up all our roads.
Our employers can stay there to enjoy low cost of living, yet stay in bangalow and play golf every evening. Our express ways to be reserved for the elite for grace and peaceful drive.
If we can relocate all our factories to JB, and bar all Malaysian from entering our city, also to bar all non citizen to stay in Singapore, just permit highly skilled expat to be here, our population should be 3m, ample room for each and every one of us.

I am dreaming of the good old days of 70's where there was no Indian, no mainlanders, no africans, no Japanese, no white people, and everybody commute in bus belonged to Singapore Traction Co. Everybody born equal.
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  #5917 (permalink)  
Old 14-11-2014, 05:23 AM
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Quote:
Originally Posted by Unregistered View Post
Honestly anyone who has to wait for COE to drop before buying a car shouldn't be driving anyway. The COE correction is a drop in the bucket compared to the cost of maintaining the car.

If you currently have and need a car and you looking to replace I can understand that you hope COE will go down. But if an aspiring car owner is timing the COE in order to buy a car its best the individual save the money on more worthwhile things instead of a large depreciating asset. (because you will lose much more in the long run)

Perhaps the government should let the COE drop but tighten the bank loans.

I just got my Cat B as well, if the COE drops so be it. I didn't buy a car to worry how much the COE was going to be in a year or 2 time.
Me too just got my COE Cat b $72k.
My ride is coming to 10 years and I find it hard to give up driving.
I believe there are many people out there who would buy new car when theirs expire
So what does huge de registration equate to COE plunge?? Dont think so.
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  #5918 (permalink)  
Old 14-11-2014, 10:43 AM
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Originally Posted by Unregistered View Post
Me too just got my COE Cat b $72k.
My ride is coming to 10 years and I find it hard to give up driving.
I believe there are many people out there who would buy new car when theirs expire
So what does huge de registration equate to COE plunge?? Dont think so.
I'm sure you can afford it since your household income is more than $100k pa. If you buy a $100k car (inclusive of COE), your depreciation is only $10k pa. This is only 10% of your household income, hence no big deal.
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  #5919 (permalink)  
Old 14-11-2014, 02:40 PM
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Next week will be the 2nd Nov bidding of COE. Expect Cat A to go to $67k and Cat B go to $75k.
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  #5920 (permalink)  
Old 14-11-2014, 02:56 PM
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Next week will be the 2nd Nov bidding of COE. Expect Cat A to go to $67k and Cat B go to $75k.
Good too see it head back towards $100k. Lucky I book mine already. Huat ah.
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