How much are you earning per annum?

36 this year. 3 kids. just changed job getting 120k per annum.

Originally Posted by Unregistered

Congratulations on your retirement. You deserve a good break.
Just to check since you are retired, do you have plans to buy new car at existing high COE price?

I don't have to change to a new car now as it is only 8 months old. Maybe when it reach its 3rd year, then I'll change. COE prices actually is not that high if you factor in inflation over the years. Also household income has doubled or tripled over the past 10 years or so if you are good at what you do.

Originally Posted by Unregistered

I don't have to change to a new car now as it is only 8 months old. Maybe when it reach its 3rd year, then I'll change. COE prices actually is not that high if you factor in inflation over the years. Also household income has doubled or tripled over the past 10 years or so if you are good at what you do.

True enough, I am also reaching 55 soon. Many of my friends have accumulated sufficient retirement min sum, and will be cashing out when they hit 55. Many of them aspire to buy cars with the extra cash. With this trend, no wonder the COE is going to remain high despite more quota expected to be released.

Originally Posted by Unregistered

True enough, I am also reaching 55 soon. Many of my friends have accumulated sufficient retirement min sum, and will be cashing out when they hit 55. Many of them aspire to buy cars with the extra cash. With this trend, no wonder the COE is going to remain high despite more quota expected to be released.

Indeed, many people make lots of money from stocks and properties over the past 10 years. So buying a $150k new car is small change compared to their millions in wealth. I have friends who save $300k per year, so his one year savings alone can buy two new cars. Singaporeans are getting richer everyday.

Originally Posted by Unregistered

Indeed, many people make lots of money from stocks and properties over the past 10 years. So buying a $150k new car is small change compared to their millions in wealth. I have friends who save $300k per year, so his one year savings alone can buy two new cars. Singaporeans are getting richer everyday.

just saw the latest population in SG stands at 5.4 mil in 2014.
we have imported more than 1 million people compared to 10 years back

with many rich FTs and rich retirees, it looks like COE is going to stay high for a while

Originally Posted by Unregistered

just saw the latest population in SG stands at 5.4 mil in 2014.
we have imported more than 1 million people compared to 10 years back

with many rich FTs and rich retirees, it looks like COE is going to stay high for a while

Actually we still have too many cars on the road. During peak hours, traffic moves so slowly. This means fall in productivity due to wasted hours on the road. We should start reducing the number of cars and COEs.

Don't just think of nice condo, brand new expensive cars, can you still remember someone always waiting for you watching the doors in the coming festive seasons......

鄧麗君-娘心 s://..com/watch?v=SPm56I8V_FA
蘇芮-酒矸倘賣無 s://..com/watch?v=vjFV3S8SacE

Originally Posted by Unregistered

Actually we still have too many cars on the road. During peak hours, traffic moves so slowly. This means fall in productivity due to wasted hours on the road. We should start reducing the number of cars and COEs.

If LTA start to announce they cut back quota now, the COE will shoot up to $100k due to the pent up demand that so many people have been withhelding for so long.....

Yes indeed, I already bought my cars. A BM 3 series in 2013 and an MPV this year. So won't be contributing to COE demand anytime soon.

Originally Posted by Unregistered

Indeed, many people make lots of money from stocks and properties over the past 10 years. So buying a $150k new car is small change compared to their millions in wealth. I have friends who save $300k per year, so his one year savings alone can buy two new cars. Singaporeans are getting richer everyday.

Originally Posted by Unregistered

Yes indeed, I already bought my cars. A BM 3 series in 2013 and an MPV this year. So won't be contributing to COE demand anytime soon.

Thank u for contributing to the SG economy, you should buy more new cars since COE is affordable