How much are you earning per annum?

#**7211** (**permalink**) 06-04-2015, 03:59 PM

COE going down to $30k by mid 2016, at this rate of 30% increase of quota every quarter. Huat ah!

#**7212** (**permalink**) 06-04-2015, 04:18 PM

42/42 combined 230k pa, exclude bonus
condo - fully paid up 8 years back - current value at 950 - dont intend to sell or upgrade.
car - fully paid up - 210k new - i know stupid of me to dump into car ...
cash - combined 500k
cpf - OA 160K, SA 155K // OA 100K, SA 60K
1 kid
2 holi a year - ard 16K
no other investments

dare not think of retirement cos kid still in mid primary, and his generation will be even tougher .. thanks to ...

#**7213** (**permalink**) 06-04-2015, 05:49 PM

COE would drop to this low if

1. There is economic crisis. Then people will be worrying more about jobs and livelihood than cars
2. everyone "gang up" and all dont replace their cars after scrapping. Not likely to happen since everyone here seems to be hoping for COE to drop to rush in.
3. the gahmen implement new policy to require full payment upon buying. That is, no loans allowed!
4. Each family only 1 car allowed. This may not be as effective as there are ways to get around this, and many families currently with no cars will come in to buy
5. The gahmen raise car levies by another 100% and shorten the COE by 5 years!

Quote:

Originally Posted by Unregistered

COE going down to $30k by mid 2016, at this rate of 30% increase of quota every quarter. Huat ah!

#**7214** (**permalink**) 06-04-2015, 06:09 PM

Quote:

Originally Posted by Unregistered

COE would drop to this low if

1. There is economic crisis. Then people will be worrying more about jobs and livelihood than cars
2. everyone "gang up" and all dont replace their cars after scrapping. Not likely to happen since everyone here seems to be hoping for COE to drop to rush in.
3. the gahmen implement new policy to require full payment upon buying. That is, no loans allowed!
4. Each family only 1 car allowed. This may not be as effective as there are ways to get around this, and many families currently with no cars will come in to buy
5. The gahmen raise car levies by another 100% and shorten the COE by 5 years!

Go back to car forum lah.... Or go and set up a new thread on cars lah. This thread is about annual income

#**7215** (**permalink**) 06-04-2015, 07:19 PM

Quote:

Originally Posted by Unregistered

COE going down to $30k by mid 2016, at this rate of 30% increase of quota every quarter. Huat ah!

You are dreaming. While COE quota increase, demand for COE increase even more.

Demand greater than supply means prices will rise. Even an Primary 1 student knows this.