How much are you earning per annum?

Originally Posted by Unregistered

If the additional demand could afford existing COE level they would have entered the market earlier and not hang on to their old rides till 10 years. It just means that COE will drop as many people couldnt afford todays level and will give up driving.

Not true. They will use their cars until 10 years. If they sell their car after 8 or 9 years, they will only get paper value for their car as dealers typically quote zero value for the car body. Might as well they use their cars until the end of 10 years.

Just a reminder, it is highly likely that the COE prices will continue to rise.
Go to the Singapore Motor Show 2015 (15 - 18 Jan 2015). Many people will be buying new cars there.

Taxi fares may be increased. Instead of going down since oil has plunged, it is going up! LOL.

Those who have bought new cars, congratulations!

With this latest development, there will be a rush for people to buy new cars instead of taking the taxi. Why make taxi uncles rich? A car gives you convenience.

LOL.

I see that this thread has been effectively hijacked by the car salesman. Why so? It is because car ownership and cost of car ownership are close to people's heart, just like salaries/income.

Well, we will just have to bear with it and let it run out of steam by itself.

But seriously there are just too many cars on the roads. Roads are so congested and driving is no longer enjoyable.

Dont think the government will want more cars on the road.

I agree on the point that we have too many cars on the road. I think we need to reduce the number of cars by 30% over the next 5 years to reduce congestion meaningfully. We need to cut COE supply drastically over the next 2 - 3 years.

Originally Posted by Unregistered

I see that this thread has been effectively hijacked by the car salesman. Why so? It is because car ownership and cost of car ownership are close to people's heart, just like salaries/income.

Well, we will just have to bear with it and let it run out of steam by itself.

But seriously there are just too many cars on the roads. Roads are so congested and driving is no longer enjoyable.

Dont think the government will want more cars on the road.

LTA just released next 3 months quota
As expected, significant increase

Look forward to <$50k COE sooner than I thought, Huat ah!

Originally Posted by Unregistered

LTA just released next 3 months quota
As expected, significant increase

Look forward to <$50k COE sooner than I thought, Huat ah!

Demand is much, much higher than supply.
100,000 car owners changing to new cars in 2015.
Another 100,000 car owners changing to new cars in 2016.
In the long run, car population should drop as more buses are deployed and more Mrt lines are opened.

Car dealers cutting price up to $5k this weekend. COE poised to drop to recent lows.

Huat ah!

43, 45 married couple with two off springs 8/10.
Annual income S$140k pa. Home is a condo worth $1.7m, loan outstanding $250k.
Hope to change our car soon.
Net worth $2.3m combined.

LELONG ! LELONG!
COE quota increase 40%.
COE price to drop 40%.
Come and book with us this weekend!

Originally Posted by Unregistered

LELONG ! LELONG!
COE quota increase 40%.
COE price to drop 40%.
Come and book with us this weekend!

Supply of COE over the next coming quarter 14,114.

From October to December 2014, a total of 15,885 vehicles were deregistered.
So this forms the base demand. These car owners will buy new cars.

Additional demand will come from new drivers, higher population, richer households, buying 2nd and 3rd cars etc, estimate another 5,000

Total demand will be 20,885
Total supply 14,114

Demand > supply

Price of COEs will rise