How much are you earning per annum?

The government is not doing anything but just releasing the COEs as it gets scrap. They should take this chance to store the excess supply and release in the famine years to come. By doing nothing now, they are just kicking the can down the road and cause a very bad cyclical trend


Come 2020 when the COE quota shrink again. It will break $150k or $200k.

First, I think the COE price will rebound. Industry experts have explained that the "fluke" drop in bidding and thus prices were due to people on holiday, and avoiding the rush for CNY buys. The thinking was that buy after CNY then the demand will be lower thus lower COE price. If the majority is thinking this way, the COE prices will rise after CNY.

Second, COEs provide a good source of revenue for the gahmen. When the COE prices drop, they would need to "sell" more COEs to get the same revenue. So that may explain why they don't want to claw back the excess COEs for later years.

But you never know.

What I do know as one who drives to work daily is that the traffic jams are getting worse. I hope the gahmen will quickly act to cap the car population grows to 0%. Our roads just cannot cope.

Originally Posted by Unregistered

The government is not doing anything but just releasing the COEs as it gets scrap. They should take this chance to store the excess supply and release in the famine years to come. By doing nothing now, they are just kicking the can down the road and cause a very bad cyclical trend


Come 2020 when the COE quota shrink again. It will break $150k or $200k.

Since we have new MRT lines, the number of cars should be reduced. Not 0% growth rate but -2% every year for the next 10 years. This will then reduce the road congestion.

COE at $45k is very, very cheap as it means only spending $4.5k pa for the right to use. If a HH earns $100k pa, they are only paying $4.5k pa for the COE (4.5% only). Many families spend more than that for their yearly holidays.

You should buy your new Cat A car NOW. Next bidding will surely go up.

Originally Posted by Unregistered

First, I think the COE price will rebound. Industry experts have explained that the "fluke" drop in bidding and thus prices were due to people on holiday, and avoiding the rush for CNY buys. The thinking was that buy after CNY then the demand will be lower thus lower COE price. If the majority is thinking this way, the COE prices will rise after CNY.

Second, COEs provide a good source of revenue for the gahmen. When the COE prices drop, they would need to "sell" more COEs to get the same revenue. So that may explain why they don't want to claw back the excess COEs for later years.

But you never know.

What I do know as one who drives to work daily is that the traffic jams are getting worse. I hope the gahmen will quickly act to cap the car population grows to 0%. Our roads just cannot cope.

I'm hoping COE will crash to $5k so that I can scrap and export my one year old car and get a brand new car model. Please crash some more.

wait for COE tsunami to be announced by LTA in coming weeks - it will flood the market
equities market is crashing down - a leading indicator of recession coming soon... dont commit now , wait til coe price drop 30k. It has gone to $2 before during last crisis, so 30k is realistic entry point. Of course, if you are patient, wait until it drop $10k or below

Last year, this guy says $65k coe is cheap, but coe price drop by $20k to $45k... poor historical performance record. Good luck to those who listened to him, and now suffering paper loss of 20k, jialat!

Originally Posted by Unregistered

Since we have new MRT lines, the number of cars should be reduced. Not 0% growth rate but -2% every year for the next 10 years. This will then reduce the road congestion.

COE at $45k is very, very cheap as it means only spending $4.5k pa for the right to use. If a HH earns $100k pa, they are only paying $4.5k pa for the COE (4.5% only). Many families spend more than that for their yearly holidays.

You should buy your new Cat A car NOW. Next bidding will surely go up.

Originally Posted by Unregistered

wait for COE tsunami to be announced by LTA in coming weeks - it will flood the market
equities market is crashing down - a leading indicator of recession coming soon... dont commit now , wait til coe price drop 30k. It has gone to $2 before during last crisis, so 30k is realistic entry point. Of course, if you are patient, wait until it drop $10k or below

Can it drop to $1k?

It is possible if the stock market crash some more and people start losing their jobs. Then only those working in stable jobs like civil service, stat boards and uniform service will benefit

Originally Posted by Unregistered

Can it drop to $1k?

Today, china stock market again crashed 7%, oil drops below $35. US Fed going hike rates later next month, squeezing the high leveraged property owners. SME cutting jobs, banks retrenching - latest is barcap announcement. No hope lah. COE price will drop to $30k very soon

Originally Posted by Unregistered

It is possible if the stock market crash some more and people start losing their jobs. Then only those working in stable jobs like civil service, stat boards and uniform service will benefit

Originally Posted by Unregistered

It is possible if the stock market crash some more and people start losing their jobs. Then only those working in stable jobs like civil service, stat boards and uniform service will benefit

It is good if all markets continue to crash. If stocks and COE continue to crash, we can get to buy cheap new cars and buy cheap stocks. I'm now holding cash and will deploy when the time is right. I hope stocks can crash another 40% and COE can crash to $2.