Friday, August 8, 2008
COE Prediction - August 2008 2nd Bidding Exercise
My poll for visitors did not get any respondent yet.
Wondering why showrooms and showflats are relative quiet? Well, it is month of the Hungry Ghost festival and most Chinese will avoid holding major events or big ticket transactions. Moreover, many investors are spooked by the stock markets. The basic economic theory should apply - low demand coupled with a known and steady supply should result in a fall in price.
My prediction is that the COE quota premium will see a marginal fall in the next bidding exercise in both categories.
Prediction on August 8:
Category A: $11,000-12,000
Category B: $11,000-12,000
Verdict on August 20:
Category A: $13,289
Category B: $13,890