COE Prediction - October 2008 1st Bidding Exercise

Dealers are likely to get more orders with the 3-week elapse from the last bidding exercise but the credit crunch faced by many U.S. and European banks will cause even motorists here to be jittery about buying big ticket items. On the other hand, short-term interest rates are raising so motor loans may cost more in future.

To buy or not to buy? That is the question.
If there is no need, then you should forget about it.
(haha ... that is how bad my poetic writing gets)

Prediction on September 30:
Category A: $13,000-14,000
Category B: $14,000-15,000

Verdict on October 8:
Category A: $13,801
Category B: $14,400

Singapore F1 Night Race

So what do I have to say about the Singapore F1 Night Race? Well, this is the first posting about the event since my blog is not a motoring sport one.

For the common motorists, the event has brought much confusion with the road closure in the Marina Centre area from September 20 to October 2. There were so many reports of late arrival for work this week.

I will just stay in the comfort of my home to watch the race on the television on Sunday night.

COE Prediction - September 2008 2nd Bidding Exercise

Every time the quota premium falls below the $10K mark, bargain hunters will come into the market to pick up the offers from dealers that revise the selling price downwards. Therefore, the Category A COE quota premium will rebound back to previous level. The increasing cost of car usage seems to have detered new buyers of smaller capacity cars resulting in the recent weakness of the quota premium.

For the seasoned motorists in Singapore, it is a difficult change to fully rely on public transport so the demand for Category B COEs will be well sustained. The expected reduction in supply will prop up the Category B and Open COE quota premium.

Prediction on September 10:
Category A: $12,000-13,000
Category B: $14,000-15,000

Verdict on September 17:
Category A: $14,100
Category B: $13,301