Watching COE market is just like watching stock market, my belief is reaffirmed again that the mass market and media always get it wrong.
Apr 19, 2012 – Straits Times: COE prices continue steep climb
CERTIFICATE of entitlement (COE) prices for cars up to 1,600cc and taxis are at an all-time high.
They posted the strongest gain of 9.7 per cent to hit a record $64,201 in the latest tender which saw prices continuing their rise across the board yesterday. COE for cars above 1,600cc ended 8.7 per cent higher at $91,000 – the fourth-highest level in history and not far from the record $110,500 witnessed in December 1994.
May 31, 2012 – Straits Times: Government answers call to ease COE crunch
CAR buyers will get a temporary reprieve in the coming months as the Government pulls back on its drive to crimp the growth of the vehicle population here. The measures mean there will be more certificates of entitlement (COEs) than were originally expected for the rest of this year.
June 6, 2012 – Business Times: Many buyers expect more COEs in August
“Over the past weekend, showroom traffic has been very good for the showrooms in the Leng Kee area,” said the sales manager of a mass market make. “But the majority were only there to scout for cars because they are waiting for premiums to fall.”
July 13, 2012 (Today) – Straits Times: Fewer COEs for next 6 months
IN THE coming six months, car buyers will have about 20 per cent fewer Certificates of Entitlement (COEs) to vie for than in the six months between February and this month.
Suppose you are an investor of COE, have you got it right?
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