Economy on the decline , COE on the rise

• Jason_87

  5 Mar 09, 11:59

  Any Takes on this issue? Is the gov trying to be funny or are we gg 2 see a drastic fall in COE agn in the following mths to come?

• skythewood

  5 Mar 09, 12:11

  COE is bid one what... You think will fall than bid lower loh.

• Rednano

  5 Mar 09, 12:11

  Originally posted by Jason_87:

  Any Takes on this issue? Is the gov trying to be funny or are we gg 2 see a drastic fall in COE agn in the following mths to come?

  
  this is to tell young pple that owning a car in singapore is not cheap even in recession...
  
  ever read from newspaper that a few years ago, this guy just graduated from polytechnic, want to show off, he went to buy a car, end up with loan debts n filed for bankruptcy a few months later...

• gabrielhrteo

  5 Mar 09, 12:31

  The government cut the COE quota. I think most probably the COE price will stay around the current region. It isn't a sharp rise also.

• ALN

  5 Mar 09, 14:41

  cut quota better lah... then less car on the road... drive more shiok mah... haha
• Rednano

  5 Mar 09, 14:44

  should limit foreign-registered car into entry singapore as well

• lianamaster

  5 Mar 09, 15:48

  Originally posted by Rednano:

  
  this is to tell young pple that owning a car in singapore is not cheap even in recession...
  
  ever read from newspaper that a few years ago, this guy just graduated from polytechnic, want to show off, he went to buy a car, end up with loan debts n filed for bankruptcy a few months later...

  That's so sad.

• lianamaster

  5 Mar 09, 15:52

  COE quota is going to be reduced and the proportion of cars deregistered are low. If this carries on, I predict COE prices to return to their homely five-digit levels in a matter of time...

• nightsky87

  5 Mar 09, 17:00

  Originally posted by lianamaster:

  COE quota is going to be reduced and the proportion of cars deregistered are low. If this carries on, I predict COE prices to return to their homely five-digit levels in a matter of time...

  Bad news for us

• lianamaster

  5 Mar 09, 17:04

  Originally posted by nightsky87:

  Bad news for us

  I feel so sad... like that next time I could afford downpayment only...

• nightsky87

  5 Mar 09, 17:11

  Originally posted by lianamaster:

  I feel so sad... like that next time I could afford downpayment only...

  Maybe 10% downpayment also cannot afford, the COE price higher than downpayment..

• lianamaster

  5 Mar 09, 17:22

  We never know... so let's just wait and see for now...

• Jason_87

  5 Mar 09, 18:55

  Sld have struck when the iron is hot! (jan 09)

   

  Now pui chao nua

• nightsky87

  5 Mar 09, 19:17

  Originally posted by Jason_87:

  Sld have struck when the iron is hot! (jan 09)

   

  Now pui chao nua

  Definitely pui chao nua man!

  But what to do, the heart and mind is more than willing.. but the wallet is not

• lianamaster

  6 Mar 09, 14:01

  Originally posted by Jason_87:

  Sld have struck when the iron is hot! (jan 09)

   

  Now pui chao nua

  Yea... that feeling is horrible...