COEs

The govt is at it again. Just read Straits Times, govt increasing the number of COEs to be issued. How manipulative can they be?! First it was increasing the ARF and reducing the loan amount/tenor period to bring down COE prices. Couldnt they have just implemented this earlier? The govt is doing nothing but widening the income gap between the rich and needy. sheesh. How to stay in SG like that?!

At this rate, the only vehicle I get to drive in SG is a golf buggy.

kyleyann wrote:

At this rate, the only vehicle I get to drive in SG is a golf buggy.

Whahaha..  
I agreed. No coe, no parkg headache, no Road tax, no insurance, no traffic jam, no seat belt etc etc... 
Just pay once fr buggy fee. 

I'm totally clueless about car now......all I know is that in 2 to 3yrs time the only private cars on the road will be the expensive continental cars.....this is what the government want...to portray to the world how rich Singaporean are.....

I thought the articles states that number of COE will increase? That means prices will drop right?

Hmmm.....a case of smart manipulation to profit!?

Govt already knew more COEs can be released but kept quiet 1st.
Then came up with funny initiatives to jack up price of COE....followed by the 
release of more COEs.
Pwah! Bao jiak!!!

in coming days everyone will go buy cars, demand rocket again, COE price increase again, cash register of Govt *ring ring*

Singaporeans just love cars in our small country, what to do!!

golf cart is cheaper...

Don't think COE prices will drop a lot even if supply is increased, unless the govt is flooding the market with COE which I don't think will be the case. There are too many people waiting at the sidelines. Look at how COE prices climbed back so soon after the curbs.

When I read the article, the increase of COE is not significant enough to change the price momentum.  The only way that prices would decreased if there is abundance of COE.

Khorkar wrote:

When I read the article, the increase of COE is not significant enough to change the price momentum.  The only way that prices would decreased if there is abundance of COE.

 LIKE + 100

They revised the loan tenure stating that it will bring down the price of COE but the price still increased after the policy kicked in. WTF is that? This policy will not affect the rich as coming out with 100+k is nothing to them but to sandwiched class folks like me, I certainly won't be able to afford anymore and I am in sales!!!! HAIZ...

No car means No golf or just maybe less golf.   So much for the average Singaporean. 

Swiss standard of living!
More good years!
No good governance, Singapore will be in the dumps!
Viva la Singapore!

Don't think too much lah. Enjoy while u can.

Even with more COE prices won't be come down, its
still hover $50-$60k for cars below 1.6L.

Just imagines your pocket every month has $70K coming in would
you accept $5K?

W.L.L. wait long long...or tan koo koo.

It sucks when reality sinks in. 

iron eagle wrote:

Even e COE prices won't be come down, its
still hover $50-$60k for cars below 1.6L.

Just imagines your pocket every month has $70K coming in would
you accept $5K?

W.L.L. wait long long...or tan koo koo.

Watever being adjusted, their mthly comg in still cap at certain percentage lor!  
It doesnt matter how many times its been changed as outcome ll b the same.  
Gone with those days where COE at S$50 or S$100 or even S$5k lor! We got to stop dreamg liao.  
I m stockg up bicycles...! 

Yeap! I am buying more bicycles...got 2 Colnago
 looking to get one more Colnago 29er MTB.