How much are you earning per annum?

When COE reach $200k in the future, demand for properties next to MRT stations will sky rocket. Property next to MRT stations will become very rare. Property prices of these properties will rise.

If you are buying condos in the Jurong Lake District and looking for condos next to MRT stations, these are the ones to look at:

1. The Centris (next to Boon Lay MRT station)
2. The Lakefront Residences (next to Lakeside MRT station)
3. Caspian (next to Lakeside MRT station)
4. J Gateway (next to JE MRT station)

COEs to soar to $200k by 2025

Singapore Business Review
2-Nov-2015.

More Singaporeans are likely to abandon the notion of driving their own cars, with COE prices predicted to quadruple by 2025. CLSA predicts COE prices will be around $200,000 in ten years, thereby discouraging people from buying their own vehicles.

In light of higher COE prices, CLSA says the government could announce “a major reform to the taxi network in an effort to increase supply, promote affordability and improve service quality.”

The privatisation of the taxi network may then be on the horizon, where each operator will be given “a set fleet and then incentivising and penalising them for kilometres per day travelled.”

“The government aims to increase the supply of taxis to 50,000 (from 28,000 in 2015) post 2025 by issuing more licences. The ultimate goal is to reduce the demand for private vehicles and potentially reduce COE costs,” notes CLSA.

BMI Research agrees and says that rising congestion on roads, higher down-payment requirements, together with rising parking and electronic road pricing charges, may cause some consumers to completely abandon the notion of car ownership, causing dealerships to lose sales. “As the government remains committed to continued investment in public transport, Singaporeans may have a lesser need to own a vehicle in the future.”

ComfortDelGro, one of the largest transport companies in Singapore, seems to prepare itself for this trend.

According to UOB Kay Hian, the group’s gross capital expenditure jumped 74% year-on-year in the second quarter of this year after purchasing over 200 new taxis. Its taxi fleet then grew to almost 17,000 in the first half of 2015. ComfortDelGro is expected to replace 2000-3000 of its taxis annually and has an average taxi age profile of 4.7 years, shorter than a taxi’s useful life span of 7.5 years.

COE drop across many despite this is a festive season with high demand.
Where got go up trend??

Looks like next year COE will plunge to below $30k

Huat ah for those who are patiently waited.

Originally Posted by Unregistered

COE drop across many despite this is a festive season with high demand.
Where got go up trend??

Looks like next year COE will plunge to below $30k

Huat ah for those who are patiently waited.

Ya man. Car show coming. Sure got discounts. Quickly go and secure your deal before COE rise. Don't believe this joker who keeps saying COE will drop to $30k.

It is most blessed for us to be able to own a condo, paid in full, while many people my age are still paying their home mortgage. We also are also blessed to own our car outright by paying our new car in full cash. To be able to own a paid up luxury condo and to fully own a car (and not on loan) in Singapore is a big blessing. We are among the top 5% of all households in Singapore in terms of material achievements. We are happy and grateful. As such, we like to do community volunteer work to help the less fortunate.

Originally Posted by Unregistered

It is most blessed for us to be able to own a condo, paid in full, while many people my age are still paying their home mortgage. We also are also blessed to own our car outright by paying our new car in full cash. To be able to own a paid up luxury condo and to fully own a car (and not on loan) in Singapore is a big blessing. We are among the top 5% of all households in Singapore in terms of material achievements. We are happy and grateful. As such, we like to do community volunteer work to help the less fortunate.

Joker. Don't come and ********

Originally Posted by Unregistered

Joker. Don't come and ********

Why ********? There's this old man poster who claimed his combined net worth (he and his wife) is $5.5m in total. Do you think he is ********ting?

To own a condo and a car, both paid in full, is not impossible. If the couple are top performing professionals, not impossible for them to achieve this by the time they reach their fifties.

Originally Posted by Unregistered

Why ********? There's this old man poster who claimed his combined net worth (he and his wife) is $5.5m in total. Do you think he is ********ting?

To own a condo and a car, both paid in full, is not impossible. If the couple are top performing professionals, not impossible for them to achieve this by the time they reach their fifties.

The old man could be ********ting. Maybe his wife is rich and has a net worth of $5m while his net worth could be just $500k. Who knows. Anyone can ******** in this forum.

So what's the highest networth so far in this forum? $5.5m?

Originally Posted by Unregistered

So what's the highest networth so far in this forum? $5.5m?

Anyone can ******** in this forum. Can be $10m, $40m, $1 bil