How much are you earning per annum?

Originally Posted by Unregistered

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.

The key message here is to become a taxi driver.

Originally Posted by Unregistered

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

You assuming that all 100% of the 15,885 deregistered will be buying new car. That is a weak assumption. Suppose only 70% of them decide to buy new, and the other 30% give up driving, we will reach a state whereby demand will be lower than supply.

The days of low COE are coming back. Huat ah!

No need to argue lah. Just wait and see loh.

According to the LTA website, there will be around 580 more CAT A COEs, and 300 more CAT B COEs per month from Feb 2015 - Apr 2015. However the open CAT COE actually ended up with 180 fewer COE.

See if this is enough to satisfy so many buyers. Some more today many MRT commuters kena another delay, I am quite sure many must be thinking if got money sure go buy car already.

Originally Posted by Unregistered

You assuming that all 100% of the 15,885 deregistered will be buying new car. That is a weak assumption. Suppose only 70% of them decide to buy new, and the other 30% give up driving, we will reach a state whereby demand will be lower than supply.

The days of low COE are coming back. Huat ah!

Originally Posted by Unregistered

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.

Mirroring your message.

Why make car sales person rich? A car is a depreciation asset and a liability.

LOL

Many will not be able to afford with the high coe and 50% downpayment rule, after scrapping, many will buy cheaper old resale car, hence, demand for new cars may drop, hence coe likely will drop too...

While we all know about the coming supply, we don't know how strong demand is. Judging by the strong interest from people you talk to, family, friends, colleagues, people in this forum and other social media platform, I can tell you the pent up demand is very strong.

In the recent past, COE prices have gone up even though supply has increased.

Let's see how high COE prices will be in the Feb bidding. In the worst case scenario prices will stagnate and in the best case scenario it will rise by $10k or more.

Originally Posted by Unregistered

Many will not be able to afford with the high coe and 50% downpayment rule, after scrapping, many will buy cheaper old resale car, hence, demand for new cars may drop, hence coe likely will drop too...

Yes totally agree. COE will be downward trend with the tsunami of supply.

Buyers will be spoilt for choice with next few quarters of 20-40% quota increment.

Huat ah!

Just wait and see - COE has very limited upside due to huge supply.
The demand is going to be muted as population growth has stagnanted, 50% downpayment, better public transport ( more buses, MRT less crowded, downtown line running), slowing economy, coming sibor rate hiking to 1% by end of 2015.

Just sold my 5 year old for 60k car and take profit of 10k, haha
Thanks to the car salesman who keep spreading fear in the forum of COE price going up, many gullible people around

Originally Posted by Unregistered

Just wait and see - COE has very limited upside due to huge supply.
The demand is going to be muted as population growth has stagnanted, 50% downpayment, better public transport ( more buses, MRT less crowded, downtown line running), slowing economy, coming sibor rate hiking to 1% by end of 2015.

Just sold my 5 year old for 60k car and take profit of 10k, haha
Thanks to the car salesman who keep spreading fear in the forum of COE price going up, many gullible people around

Look forward to the decline in Y2015!
$30k to come in Y2016!

Husband and wife, 50 and 54 years old. Been married for 20 years and blessed with two wonderful children. Even though we are not very rich compared to the many forumers here, we are happy and contented.

Home: 3 bedroom OCR condo, 2 years old. Worth $1.1m, paid up.
Car: 1 year old, paid up.
Total salary (both combined): $120k pa.
Cash savings: $30k.
CPF (OA + SA + MA): $400k.
Total net worth: $1.53m.

Any suggestions how we can start preparing for retirement?