COE Charts - Intepretations
- Thread starter kenntona
- Start date
Dinosaur hunter
Well-Known Member
Re: COE Charts - Intepretations
That's what we call "The Singapore Dream".
wt_know;794959 said:
That's what we call "The Singapore Dream".
Dinosaur hunter
Well-Known Member
Re: COE Charts - Intepretations
I wonder how many months of bonus did LTA give to their staff. If you can't beat them then join them.
I wonder how many months of bonus did LTA give to their staff. If you can't beat them then join them.
Re: COE Charts - Intepretations
On weekend, i will take B.M.W.:juggle:
To think more out of the box is to include bicycle as part of the solution. That's a solution Melbourne is looking into now.Dinosaur hunter;794955 said:
I m better. I ride bicycle to work everyday. No additional load on public transport.marklee;794960 said:
On weekend, i will take B.M.W.:juggle:
jasonmaxima
Well-Known Member
Re: COE Charts - Intepretations
price is 1 thing... should interior space be a consideration as well?
price is 1 thing... should interior space be a consideration as well?
Jason8822
Well-Known Member
Re: COE Charts - Intepretations
it implies that there is a bumper corp of coe coming out in a year or so due to the old cars due to be scrapped and will last for about 5yrs down the road
i see it that our window of opportunity for CHEAP COE is within the 5 yrs assuming garmen dun choot pattern and exercise a big cut on the supply
it implies that there is a bumper corp of coe coming out in a year or so due to the old cars due to be scrapped and will last for about 5yrs down the road
i see it that our window of opportunity for CHEAP COE is within the 5 yrs assuming garmen dun choot pattern and exercise a big cut on the supply
Re: COE Charts - Intepretations
I am not a statistician but if we look at it from a pure statistics level, then yes 2015/16 will see a bumper crop of COEs due to the number of cars being scrapped..but on a government policy level, why is it that everyone thinks bumper crop equates to cheaper COEs?
I remember Raymond Lim admitted the COE system was messed up many years back. So if more cars get scrapped, does it necessarily mean more COEs on the road? Wouldn't the government take this opportunity to still maintain growth rate prospectively and take the scrapped COE as a write-off?
Just curious
I am not a statistician but if we look at it from a pure statistics level, then yes 2015/16 will see a bumper crop of COEs due to the number of cars being scrapped..but on a government policy level, why is it that everyone thinks bumper crop equates to cheaper COEs?
I remember Raymond Lim admitted the COE system was messed up many years back. So if more cars get scrapped, does it necessarily mean more COEs on the road? Wouldn't the government take this opportunity to still maintain growth rate prospectively and take the scrapped COE as a write-off?
Just curious
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Jason8822
Well-Known Member
Re: COE Charts - Intepretations
many would choose the merc due to the image
but, take a look at and feel both interior you might conclude that camry does not lose out much other than the 3 pointed star
1.6L supercharged low end merc vs 2L camry which is near the top of toyota stable - i would take the camry
its like to be at the back of the last class in sap school or top of the year at a neighbourhood school
MW;795017 said:
many would choose the merc due to the image
but, take a look at and feel both interior you might conclude that camry does not lose out much other than the 3 pointed star
1.6L supercharged low end merc vs 2L camry which is near the top of toyota stable - i would take the camry
its like to be at the back of the last class in sap school or top of the year at a neighbourhood school
Jason8822
Well-Known Member
Re: COE Charts - Intepretations
2 possibilities ;
a) Supply more than Demand
if some owners (assuming the have another car or would like to wait for coe to soften) scrap their car and hold their purchase then we MIGHT have more supply than demand and HOPEFULLY price drop
b) Demand more than Supply
i) if most owners order their new car and dealer bid for coe even before their car is scrapped not to mention coe being released at the next half year then demand outstrip supply and garmen laughing again.
ii) if garmen cut the coe supply from car scrapped due to be released then :furious: we can go to seaside and .........
MW;795089 said:
2 possibilities ;
a) Supply more than Demand
if some owners (assuming the have another car or would like to wait for coe to soften) scrap their car and hold their purchase then we MIGHT have more supply than demand and HOPEFULLY price drop
b) Demand more than Supply
i) if most owners order their new car and dealer bid for coe even before their car is scrapped not to mention coe being released at the next half year then demand outstrip supply and garmen laughing again.
ii) if garmen cut the coe supply from car scrapped due to be released then :furious: we can go to seaside and .........
Re: COE Charts - Intepretations
Ya bumper crop of COE replacement would not really drop prices since people whom de-reg their cars will find a way to afford another one, or simply extend their COE for 5 more years...
Thats not the worse part, since it is a function of price of COE and as long as you are willing to pay up, you can still own a car. The BIGGER problem for brothers working in CBD is that the government has steadily capped the Car Park ratio of new buildings. And as older buildings with tons of lots gets torn down for redevelopment, new office blocks basically have NO FREE LOTS! That really sucks in my mind.
So in future i may really need to ride a bike to work and change my car to weekend plate hahah
Ya bumper crop of COE replacement would not really drop prices since people whom de-reg their cars will find a way to afford another one, or simply extend their COE for 5 more years...
Thats not the worse part, since it is a function of price of COE and as long as you are willing to pay up, you can still own a car. The BIGGER problem for brothers working in CBD is that the government has steadily capped the Car Park ratio of new buildings. And as older buildings with tons of lots gets torn down for redevelopment, new office blocks basically have NO FREE LOTS! That really sucks in my mind.
So in future i may really need to ride a bike to work and change my car to weekend plate hahah
Re: COE Charts - Intepretations
so assuming in 2015, we see 1000 cars being scrapped, meaning 1000 COEs available...these 1000 ex-owners probably wanna buy new car..
and then we have maybe 1000 more lurkers waiting for this so-called bumper year and hopefully lower prices..to buy new car
1: Wat happens to car/congestion reduction?
2. Wat happens to the ultimate purpose of COE system if we just release COEs one for one and not cap it?
So 2015 will be a repeat of 2005? And thus simi traffic congestion reduction? Same wat....
so assuming in 2015, we see 1000 cars being scrapped, meaning 1000 COEs available...these 1000 ex-owners probably wanna buy new car..
and then we have maybe 1000 more lurkers waiting for this so-called bumper year and hopefully lower prices..to buy new car
1: Wat happens to car/congestion reduction?
2. Wat happens to the ultimate purpose of COE system if we just release COEs one for one and not cap it?
So 2015 will be a repeat of 2005? And thus simi traffic congestion reduction? Same wat....
Re: COE Charts - Intepretations
According to data , cars above 1,600cc as an example: Total New Registrations for March 2012 = 1,533 vs 714 de-registrations. All classes added together, total registrations were 4,371 vs de-registrations number of 2,910 meaning 1,461 new cars, lorries, taxis, bikes etc are on the road taking up your space!
According to data , cars above 1,600cc as an example: Total New Registrations for March 2012 = 1,533 vs 714 de-registrations. All classes added together, total registrations were 4,371 vs de-registrations number of 2,910 meaning 1,461 new cars, lorries, taxis, bikes etc are on the road taking up your space!
hoks
Well-Known Member
Re: COE Charts - Intepretations
MW, think u mixed up liao.
Every car scrapped will allow a new car back on the road. This will not add more cars to the road since one for one replacement.
Garmen allows 0.5% vehicle growth, this is over and above the scrapped cars' COE recycling back in to the system.
Yes, COE system was messed up whren Raymond Lim was around, they used some forecast method to anticipate number of cars scrapped and this method is obviously beh zun hence they released more COEs than suppose to. Hence car population growth was more than the 3% they allowed during that time and hence the congestion we are in today.
They realise the mess we are in some time before the erection and now how many COE being recycled is based on actual number of cars scrapped instead of by forecasting. At the same time they reduced the allowable car population growth from 3% to1,5% and then to 0.5% soon. Hence the COE price is what it is today.
Above is my understanding of the story, I stand corrected though...old man bad memory.
Simi COE price high due to economy good? Totally rubbish, COE price is no where near what it is today before Lehman in 08. COE price is high cause we are paying the price of the above mistake.
MW, think u mixed up liao.
Every car scrapped will allow a new car back on the road. This will not add more cars to the road since one for one replacement.
Garmen allows 0.5% vehicle growth, this is over and above the scrapped cars' COE recycling back in to the system.
Yes, COE system was messed up whren Raymond Lim was around, they used some forecast method to anticipate number of cars scrapped and this method is obviously beh zun hence they released more COEs than suppose to. Hence car population growth was more than the 3% they allowed during that time and hence the congestion we are in today.
They realise the mess we are in some time before the erection and now how many COE being recycled is based on actual number of cars scrapped instead of by forecasting. At the same time they reduced the allowable car population growth from 3% to1,5% and then to 0.5% soon. Hence the COE price is what it is today.
Above is my understanding of the story, I stand corrected though...old man bad memory.
Simi COE price high due to economy good? Totally rubbish, COE price is no where near what it is today before Lehman in 08. COE price is high cause we are paying the price of the above mistake.
Re: COE Charts - Intepretations
Yah I know, tats why I ask..if COE system and government's spirit is to reduce traffic congestion and ultimately the number of cars on the road, why have this one for one COE release thing?...so by 2015 no change wat and more cars go on the road due to the growth rate allowed...
hoks;795151 said:
Yah I know, tats why I ask..if COE system and government's spirit is to reduce traffic congestion and ultimately the number of cars on the road, why have this one for one COE release thing?...so by 2015 no change wat and more cars go on the road due to the growth rate allowed...
