COE prices going to stick to 5K for 1 year. =_='''

Today just heard from Channel 8 News that COE prices going to stick to 5K for 1 year. =_='''

siAnz...

I bought mine @ 56999 suck thumb... total loss : more than 14K...

Bro, it's the amount of deposit dealers have to pay for each car before the bid lah. Not COE la.

So car companies have more cash flow. If not normally they have to put a deposit of 10k just to bid. So dun worry.

phew... thanks for e info... hahaha

wah my heart sank for that few seconds after reading the first post

thats mean the dealer have more cash flow to bit for more ppl also...

My wife screamed just now and told me the same thing earlier.

This year the great recession play a very important part too.

Lucky it's only talking abt deposit for COE bidding...imagine u never listen properly and jump into conclusion that we will be running out of rice for next 1 yr, it will set a panic fenzy with everyone rushing out to grab bags of rice....

nothing wrote:Lucky it's only talking abt deposit for COE bidding...imagine u never listen properly and jump into conclusion that we will be running out of rice for next 1 yr, it will set a panic fenzy with everyone rushing out to grab bags of rice....

and very soon everyone will be plucking greens from the ground hahha

what is grass on the ground got to link with rice,

no more rice to eat so eat grass loh. Hehe

Think COE price depends on supply & demand. Lowering the deposit from $10K to $5K will not have much effect as LTA is the one to control the quota.

What is to be anticpated is more people (individuals) will be able to bid but with more unsuccessful bids.

Pegasus wrote:Think COE price depends on supply & demand. Lowering the deposit from $10K to $5K will not have much effect as LTA is the one to control the quota.

What is to be anticpated is more people (individuals) will be able to bid but with more unsuccessful bids.

more bids.... surely will push up the COE prices

yeah, they will push people to happy happy go put deposit and bid COE via ATM machines. All in hope of getting cheap COE.

But th more people bid, the more competition, thus push price even higher.

Small cars and Open cat sure go up one.

small cars alot of public bid, open cat u will see ppl at CnC bid bid bid and hold on to it untill almost expire then sell to people who want immediate COE

$10k reduced to $5K COE Bid deposit from imo will result in slightly lesser losses for AD but COE prices will still rise in coming months according to the trend I observed from late March 09 onwards. Anyone got different opinions?

go up...
go down....
doesnt matter....
ppl will buy car....
me... am already saving for my next coe come july 2014.

with the lowering of the deposit, hopefully, this will make it more affordable for the buyer to bid a COE him/her self, instead of having the dealer to do it.... buyers themselves will bid amount more suited to their pockets, then dealers who bid amount more suited to their sales quota.

in fact, LTA should make it that only adminstration fee is required, say $500.00 and cars are to be sold without COE. Bidding of COE can only be made by buyers themselves.

if COE is consistently $5k for 1 year.. i think i will see many redplate QQ and picanto roaming around -_-"

Wow.... if bid for COE require adminstration fee without refund, LTA will earn alot of extra money. Hehe........
Like me, donated a lot of moeny to HDB, everytime got balleting for units I will pay S$10/- for two years never get any unit or appointment. Got appointment not yet go, updated in the internet sold out. Sianz......

If there's this admin fee & it cannot be refunded, everyone will bid on the high side to secure the COE or else waste the admin fee.

wah.. you all if here if there.. giving ideas to LTA arh..

no lah, LTA already got ideas, they think think think so they can squeeze squeeze squeeze.

PillowER wrote:Wow.... if bid for COE require adminstration fee without refund, LTA will earn alot of extra money. Hehe........
Like me, donated a lot of moeny to HDB, everytime got balleting for units I will pay S$10/- for two years never get any unit or appointment. Got appointment not yet go, updated in the internet sold out. Sianz......

Haha bro, I was donating $10 to HDB too until I got my present flat. Just think about how much cheaper your balloted unit will cost and you wun mind those $10 liao. Hehe.

chamot16 wrote:

PillowER wrote:Wow.... if bid for COE require adminstration fee without refund, LTA will earn alot of extra money. Hehe........
Like me, donated a lot of moeny to HDB, everytime got balleting for units I will pay S$10/- for two years never get any unit or appointment. Got appointment not yet go, updated in the internet sold out. Sianz......

Haha bro, I was donating $10 to HDB too until I got my present flat. Just think about how much cheaper your balloted unit will cost and you wun mind those $10 liao. Hehe.

Noted, but sometine see two hundred unit only, join and got the queue number thousand plus........... Sianz
Really need lucky i think which i always dun hav.........

PillowER wrote:

chamot16 wrote:

PillowER wrote:Wow.... if bid for COE require adminstration fee without refund, LTA will earn alot of extra money. Hehe........
Like me, donated a lot of moeny to HDB, everytime got balleting for units I will pay S$10/- for two years never get any unit or appointment. Got appointment not yet go, updated in the internet sold out. Sianz......

Haha bro, I was donating $10 to HDB too until I got my present flat. Just think about how much cheaper your balloted unit will cost and you wun mind those $10 liao. Hehe.

Noted, but sometine see two hundred unit only, join and got the queue number thousand plus........... Sianz
Really need lucky i think which i always dun hav.........

Haha. Must wait patiently for good things. Just like our Forte. Haha