Tuesday, June 30, 2009

COE Prediction - July 2009 1st Bidding Exercise

The oversubscribed rate for the June 2nd bidding exercise was 24% for Category A COEs and 41% for Category B COEs respectively. I also observed a spike in the over-subscription of Category E Open COEs to 115% from the usual of 75-100%. The time elapse from the last bidding exercise to the first one in July is THREE weeks so dealers have an additional week to collect the sales order. Judging from past trend, the quota premium is likely to continue its climb and the easy profit from the stock market may fuel even more demand.

Now that H1N1 is beyond the containment strategy, anxious parents and loved ones are ferrying their school-going kids to minimize the risk of infection of riding on public transportation especially during peak hours. Anyone seen coughing badly in a crowded MRT train will certainly raise many eyebrows. So will you pay for the safety of your own cabin space?

Prediction on June 30:
Category A: $14,000-15,000
Category B: $15,000-16,000

Verdict on July 8:
Category A: $14,310
Category B: $16,801

No comments: