
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Motorcycle COE quota drastically reduced
Motorcycle COE quota drastically reduced
http://www.channelnewsasia.com/news/sin ... 54134.html
They have reduced the quota by 25%. COE prices for motorcycles in the last bidding went up from $1700 odd to $2700 odd.
Expect motorcycle ownership costs also to go up in the near future.
They have reduced the quota by 25%. COE prices for motorcycles in the last bidding went up from $1700 odd to $2700 odd.
Expect motorcycle ownership costs also to go up in the near future.
I've never understood their 1:2 ratio (2 motorbikes take up the space of 1 car on the road) - it's more like 1:4 or even better.
Thank God I bought a new bike with a new COE last month.
As the article points out;
Last year, there were about 145,000 motorcycles, an increase of only nearly seven per cent over a period of 10 years. This compares with a 52 per cent growth in the number of cars over the same period.
Quite daming. I've been a bit suspicious of the Singapore gahmen attitude (particularly the LTA which has become quite acrimonious) towards bikers though for awhile....
Thank God I bought a new bike with a new COE last month.
As the article points out;
Last year, there were about 145,000 motorcycles, an increase of only nearly seven per cent over a period of 10 years. This compares with a 52 per cent growth in the number of cars over the same period.
Quite daming. I've been a bit suspicious of the Singapore gahmen attitude (particularly the LTA which has become quite acrimonious) towards bikers though for awhile....
Only a certain number of COE's are released. The COE price is added onto the new price of the machine. A second hand machine's value increases proportionally (wrt life of the COE) when a new COE price goes up (or down).Sergei82 wrote:Can somebody explain me a clear mechanism by which COE quotas and prices affect motorbike prices?
Lets say you buy a bike when coe is $1000 and the machine price of the bike is $4000. So you pay $5000 total price. This COE is valid for 10 years. Now one year down the line lets say COE price goes up to $5000 and now buying a new bike costs you $5000+4000 = $9000. So even though you paid only $5000 to buy your bike, now buyers in the market will price your bike relative to the total price of the new bike. So instead of paying $9000 for a new bike, they would rather pay $6000 and buy a 1 year old bike. So you have made a cool profit of $1000 and you have ridden the bike for 1 yearSergei82 wrote:Can somebody explain me a clear mechanism by which COE quotas and prices affect motorbike prices?

Exactly what he said, except a 1yr old bike shouldn't depreciate that much in one year (since the COE in his example should be worth $4500, 90% of the current 10-yr price)Wd40 wrote:Lets say you buy a bike when coe is $1000 and the machine price of the bike is $4000. So you pay $5000 total price. This COE is valid for 10 years. Now one year down the line lets say COE price goes up to $5000 and now buying a new bike costs you $5000+4000 = $9000. So even though you paid only $5000 to buy your bike, now buyers in the market will price your bike relative to the total price of the new bike. So instead of paying $9000 for a new bike, they would rather pay $6000 and buy a 1 year old bike. So you have made a cool profit of $1000 and you have ridden the bike for 1 yearSergei82 wrote:Can somebody explain me a clear mechanism by which COE quotas and prices affect motorbike prices?
Older bikes aren't that accident prone.... tyres of course are an issue.Sergei82 wrote:That's disgusting! Everybody will try to buy older bikes which will increase accident rate and won't decrease number of bikes on roads in the short run.
But yes, it's very easy to sell older bikes here... I've sold two lost month to the first caller.
I dont think majority of the riders can be classified as low end of the society. From my observation, the people who ride bikes arex9200 wrote:Is this all to make the low end of the society less mobile?
1)The Malay community youngsters are really into biking. Especially if you see girl riders, more than likely that its Malay. They really like Kampung style and love to buy HDB at ground floor and have a garden outside and also park a bike there

2) There are lots of old timers who ride bike
3) Students ride motorcycles.
There are a lot of Malays and Indians and the girls do not count. If this is not the low end how it is possible that many construction site has swarms of m.bikes parked around? Hardly any other setting yields in similar observation. Management and engineers rides all these 100-150cc Hondas, Yamahas etc?

C'mon.
Young and passionate riders are easy to be distinguished from that crowd. They contribute maybe in 30% max and they ride a different class of motorbikes like b-class Kawasakies, Bajajs, etc ... all what they think has a look or elements of the unrestricted class.

C'mon.
Young and passionate riders are easy to be distinguished from that crowd. They contribute maybe in 30% max and they ride a different class of motorbikes like b-class Kawasakies, Bajajs, etc ... all what they think has a look or elements of the unrestricted class.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
A reduced fare at end of this year
by menudown » Mon, 03 Aug 2015 5:08 pm » in Latest News & Current Affairs - 4 Replies
- 2094 Views
-
Last post by Barnsley
Tue, 04 Aug 2015 10:41 am
-
-
-
PR chances reduced by plan to found startup?
by laplaya » Sun, 29 Jan 2017 4:29 pm » in PR, Citizenship, Passes & Visas for Foreigners - 2 Replies
- 1138 Views
-
Last post by beard1
Sun, 29 Jan 2017 8:11 pm
-
-
-
Diabetes can be reduced & removed
by lifevitalitysg » Tue, 15 May 2018 2:01 pm » in Beauty, Health & Fitness - 5 Replies
- 1682 Views
-
Last post by Pennykee
Fri, 22 Jun 2018 11:26 pm
-
-
-
Applying PR without Annex A, reduced chances ?
by vah » Mon, 06 May 2019 8:14 pm » in PR, Citizenship, Passes & Visas for Foreigners - 16 Replies
- 1736 Views
-
Last post by sundaymorningstaple
Wed, 30 Oct 2019 11:03 pm
-
-
- 2 Replies
- 1184 Views
-
Last post by the lynx
Fri, 17 Apr 2015 9:00 am
Who is online
Users browsing this forum: No registered users and 0 guests