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pharoah88
    18-Apr-2010 00:10  
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Voices

ˇ have your say email your letters to voices@mediacorp.com.sg ˇ join the community www.todayonline.com/voices

WEekend today April 17 - 18, 2010

Buyers can bid if they want

... but most find it more convenient to ask dealers to do it on their behalf

Letter from Colin Lim

Acting Group Director, Vehicle & Transit Licensing

Land Transport Authority

WE REFER to “Wheeler dealers?” (April 9), which suggests that car owners be allowed to bid for their own Certificate of Entitlement (COE).

Under the current system, vehicle buyers can already bid for the COE themselves. They also have the choice to allow motor dealers to bid on their behalf if this is preferred.

In most cases, buyers have chosen the latter option for convenience and perhaps a better package deal for the purchase of the vehicle.

With the open bidding system, all bidders have the same access to the prevailing bid price and can make informed decisions on their bid amount.

Even when a buyer decides to bid through the dealer, he is still in control as the total price [The Quoted Price is HIGHLY INFLATED due  to  FEAR  FACTOR  of  UNCERTAINTY  CAUSED  BY  BIDDING  TENDER] of the car is agreed between the buyer and the dealer prior to the bidding process. In this way, if any dealer bids high for a COE, it is at his own cost and not that of the buyer.

We also have in place a number of restrictions to safeguard the COE system:

• For each COE bid application, bidders are required to place a deposit, which will be forfeited if the successful COE bid is not used for registration of a vehicle within the validity period.  [WHY  FORFEIT  DEPOSIT  and  NOT  ACTUAL  COE ???? ]

• Individuals are limited to one bid per bidding exercise.

• Successful COE bids for three out of the five categories (Categories A, B and D) cannot be transferred before the vehicle is registered. For Categories C (Good Vehicles and Buses) and E (Open Category), only successful COE bids in the name of individuals are transferable. These have shorter validity of three months and can only be transferred once. Successful bids by companies are all not transferable.

• Cars registered using Categories A and B COEs cannot be transferred within the first three months. An additional levy is payable if the vehicle is transferred between the fourth and the sixth months.

• The COE rebate of vehicles registered with Open Category COEs will be based on the lower of the quota premium of the Open Category or the vehicle category from the same tender exercise, and capped at 80 per cent if the vehicle is deregistered for export within two years from registration.

These restrictions help to deter frivolous or speculative bids which might otherwise deny genuine bidders from getting a COE.

[ACTUAL  RESULTS  PROVED  OTHERWISE]

Buyers can bid if they want

... but most find it more convenient to ask dealers to do it on their behalf because they did not know that the Dealers made profits out of  their COE

 
 
pharoah88
    12-Apr-2010 16:36  
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Authorities  these days  sEEms  tO have vEry lOw

SQ  Solution Quotient

they dOn't  prOvide

amicable  sOlution

but just all the

Sweeping  Statements

How can One COE  System fit all the  transportation ?

If the solution is so easily found in one Simple Sweeping Formula, every citizen can also become minister ?



pharoah88      ( Date: 12-Apr-2010 15:34) Posted:

Steep COE premiums will hurt the economy

Letter from Gwee Kim Hong

I WRITE with concern for the business community with regard to the present COE situation.

While we appreciate the Government’s effort in keeping the vehicle population down, it could have some negative consequences.

First, as the economy of Singapore recovers from the recession of the past year, there is likely to be an increase in the purchase of commercial vehicles. But looking at the escalating prices of goods vehicles due to the steep COE premiums, businesses with limited resources are likely to lose out. Their growth will be restrained as a result.

Second, companies with an ageing fleet of vehicles will find it very costly to renew the COEs for their vehicles. Any renewal done at today’s rate will have a huge impact on their bottom line.

In the end these added costs to companies will be pushed to end-users.

I hope the Government considers how the new formula for calculating the number of COEs released will affect the business sector. As we all know, the buses and trains cannot support the delivery of goods and the transportation of workers by companies.

## It is SO STUPID  to APPLY  ONE  COE  FORMULA to reduce CAR POPULATION  but  CREATED  many  OTHER  TRANSPORT-RELATED  PROBLEMS ##



pharoah88      ( Date: 12-Apr-2010 15:18) Posted:

It’s hard to cope without a car when you have kids

Letter from Barbara Tan

I REFER refer to the report “COEs the next lightning rod?” (April 8).

The huge jump in prices did not surprise me, because Singaporeans are basically very “kiasu” at heart, causing prices to escalate at the prospect of the supply of COEs falling.

Besides, time is a very precious commodity in Singapore, where we have been encouraged to work hard and be competitive.

Add to this the fact that couples are being encouraged to have more children, and it becomes clear why it is increasingly harder to cope without a car.

We cannot be asked to be competitive and while not aspiring to a more comfortable lifestyle — these go hand in hand.

As such, the Government needs to address the imbalance of car ownership and the artificial inflation of prices due to the COE quota system, in order to give a fair and fighting chance to every man on the street to improve his way of life.

Besides, I have seen people struggling with prams and babies in buses and on trains and I can vouch that it is no easy task.

Buses and trains can be horridly crowded, the passengers not particularly generous about giving up seats, and some bus drivers’road skills leave a lot to be desired. And it’s difficult enough trying to juggle one child, but what if you have two or three?

## TRANSPORT  OPERATORS  ARE  MISERS  in the provision of mOre SEATS,  mOre BUSES and mOre TRAINS  ##



 
 
Andrew
    12-Apr-2010 15:53  
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No leh.....CPI is going to spike too because..COE is definitely a component of CPI......

niuyear      ( Date: 12-Apr-2010 15:46) Posted:



COE rising,  consumer price index will decrease?   No money to spend on other thing, so, one must scrimp on other expenses. 

 

 
niuyear
    12-Apr-2010 15:46  
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COE rising,  consumer price index will decrease?   No money to spend on other thing, so, one must scrimp on other expenses. 
 
 
pharoah88
    12-Apr-2010 15:34  
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Steep COE premiums will hurt the economy

Letter from Gwee Kim Hong

I WRITE with concern for the business community with regard to the present COE situation.

While we appreciate the Government’s effort in keeping the vehicle population down, it could have some negative consequences.

First, as the economy of Singapore recovers from the recession of the past year, there is likely to be an increase in the purchase of commercial vehicles. But looking at the escalating prices of goods vehicles due to the steep COE premiums, businesses with limited resources are likely to lose out. Their growth will be restrained as a result.

Second, companies with an ageing fleet of vehicles will find it very costly to renew the COEs for their vehicles. Any renewal done at today’s rate will have a huge impact on their bottom line.

In the end these added costs to companies will be pushed to end-users.

I hope the Government considers how the new formula for calculating the number of COEs released will affect the business sector. As we all know, the buses and trains cannot support the delivery of goods and the transportation of workers by companies.

## It is SO STUPID  to APPLY  ONE  COE  FORMULA to reduce CAR POPULATION  but  CREATED  many  OTHER  TRANSPORT-RELATED  PROBLEMS ##



pharoah88      ( Date: 12-Apr-2010 15:18) Posted:

It’s hard to cope without a car when you have kids

Letter from Barbara Tan

I REFER refer to the report “COEs the next lightning rod?” (April 8).

The huge jump in prices did not surprise me, because Singaporeans are basically very “kiasu” at heart, causing prices to escalate at the prospect of the supply of COEs falling.

Besides, time is a very precious commodity in Singapore, where we have been encouraged to work hard and be competitive.

Add to this the fact that couples are being encouraged to have more children, and it becomes clear why it is increasingly harder to cope without a car.

We cannot be asked to be competitive and while not aspiring to a more comfortable lifestyle — these go hand in hand.

As such, the Government needs to address the imbalance of car ownership and the artificial inflation of prices due to the COE quota system, in order to give a fair and fighting chance to every man on the street to improve his way of life.

Besides, I have seen people struggling with prams and babies in buses and on trains and I can vouch that it is no easy task.

Buses and trains can be horridly crowded, the passengers not particularly generous about giving up seats, and some bus drivers’road skills leave a lot to be desired. And it’s difficult enough trying to juggle one child, but what if you have two or three?

## TRANSPORT  OPERATORS  ARE  MISERS  in the provision of mOre SEATS,  mOre BUSES and mOre TRAINS  ##


 
 
des_khor
    12-Apr-2010 15:28  
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Tell our gorverment to rebate coe for those family with small kids same like having a maid got WP rebate.
 

 
Andrew
    12-Apr-2010 15:25  
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I just got an email the other day from LTA, the bidding price for bid number 597 is confidential.......
 
 
pharoah88
    12-Apr-2010 15:18  
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It’s hard to cope without a car when you have kids

Letter from Barbara Tan

I REFER refer to the report “COEs the next lightning rod?” (April 8).

The huge jump in prices did not surprise me, because Singaporeans are basically very “kiasu” at heart, causing prices to escalate at the prospect of the supply of COEs falling.

Besides, time is a very precious commodity in Singapore, where we have been encouraged to work hard and be competitive.

Add to this the fact that couples are being encouraged to have more children, and it becomes clear why it is increasingly harder to cope without a car.

We cannot be asked to be competitive and while not aspiring to a more comfortable lifestyle — these go hand in hand.

As such, the Government needs to address the imbalance of car ownership and the artificial inflation of prices due to the COE quota system, in order to give a fair and fighting chance to every man on the street to improve his way of life.

Besides, I have seen people struggling with prams and babies in buses and on trains and I can vouch that it is no easy task.

Buses and trains can be horridly crowded, the passengers not particularly generous about giving up seats, and some bus drivers’road skills leave a lot to be desired. And it’s difficult enough trying to juggle one child, but what if you have two or three?

## TRANSPORT  OPERATORS  ARE  MISERS  in the provision of mOre SEATS,  mOre BUSES and mOre TRAINS  ##

 
 
pharoah88
    12-Apr-2010 14:41  
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Voices

ˇ have your say email your letters to voices@mediacorp.com.sg ˇ join the community www.todayonline.com/voices

today Monday April 12, 2010 10

Cars a luxury? Not for us

* * * * * * * * * * * * * *

How about a BALLOT to replace the BiD system?

Letter from Mark Ho

ARE cars really luxury items that many of us can do without?

I would argue cars are not a “luxury” when one needs to transport young children, elderly folk and bulky goods. One is not guaranteed a seat on public transport when you most need it, and they are poor alternatives when one has to transport big, heavy items.

Besides, the time saved on transport when one owns a car helps families bond

— just by virtue of allowing parents to get home faster to spend quality time with their children. Is family bonding time a luxury we should consider doing without?

If the intent of the COE system is to control the number of cars on the road, why do we need a COE bidding system, since it promotes unhealthy speculation? Just controlling the number of COEs (perhaps by ballot system) should suffice — without bringing money into the equation.

 
 
pharoah88
    12-Apr-2010 14:35  
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Andrew, you will make a bEttEr  MINISTER of TRANSPORT for SINGAPORE.

Andrew      ( Date: 10-Apr-2010 23:43) Posted:

I think both of them is out of point leh.....

The facts first :

For Pte Car, in 2009, there are 576,988 units.

Of these units which is less than 4 years old is 67.2%.  If we screen off to less than 5years old, 83.4%.  So that, only 16.6% are 5years and older.

For the between 9 to less than 10 years only 1574 cars or 0.3%.

There are only two major road infrastructure project on going......CTE widening by 2014 and Marina Coastal Expressway (MCE).

With no much improvement to infrastructure and a relatively new car population.  High COE is going to last at least 4~5 years.  Unless there is a major recession during these times.

And there are simply too many cars on the road.....jam jam jam. Even if garment want to increase quota also cannot.  And it is all their fault lor,,,,why, they should have seen it coming leh....and reduce it long time ago.  The public simply cannot take abrupt spike in price....almost 100% COE increase in 1 month!!!  Dealers are losing money, car buyer is short changed.  Only those who buy CAT E is laughing all the way to the bank.  Should we say bye bye to CAT E ??

Next, those buying from PI, big time coming.  I would expect many to go bust.  So.....be gentle with your PI car(s).....

 

UNLESS !!!!   The public think 45K for a piece of paper is NO NO.....



pharoah88      ( Date: 10-Apr-2010 18:04) Posted:



bEtwEEn  BUSINESS TIMES  and  MINISTRY  OF  TRANSPORT:

Who  is  RIGHT ?   Who  is  WRONG ?

Who  is  ACCURATE ?   Who  is  INACCURATE ?

Which  is  TRUTH ?   Which  is  UNTRUTH ?

Which  is  BLACK ?  Which  is  WHITE ?

Which  is  STRAIGHT ?  Which  is  NOT  STRAIGHT ?


 

 
pharoah88
    12-Apr-2010 09:55  
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MINISTRAY  OF  TRANSPORT

- does not know these facts ?

- did not do proper due diligence ?

- ignores the truth ?

- is BLiND  SiGHTED ?

- whatever ?



Andrew      ( Date: 10-Apr-2010 23:43) Posted:

I think both of them is out of point leh.....

The facts first :

For Pte Car, in 2009, there are 576,988 units.

Of these units which is less than 4 years old is 67.2%.  If we screen off to less than 5years old, 83.4%.  So that, only 16.6% are 5years and older.

For the between 9 to less than 10 years only 1574 cars or 0.3%.

There are only two major road infrastructure project on going......CTE widening by 2014 and Marina Coastal Expressway (MCE).

With no much improvement to infrastructure and a relatively new car population.  High COE is going to last at least 4~5 years.  Unless there is a major recession during these times.

And there are simply too many cars on the road.....jam jam jam. Even if garment want to increase quota also cannot.  And it is all their fault lor,,,,why, they should have seen it coming leh....and reduce it long time ago.  The public simply cannot take abrupt spike in price....almost 100% COE increase in 1 month!!!  Dealers are losing money, car buyer is short changed.  Only those who buy CAT E is laughing all the way to the bank.  Should we say bye bye to CAT E ??

Next, those buying from PI, big time coming.  I would expect many to go bust.  So.....be gentle with your PI car(s).....

 

UNLESS !!!!   The public think 45K for a piece of paper is NO NO.....



pharoah88      ( Date: 10-Apr-2010 18:04) Posted:



bEtwEEn  BUSINESS TIMES  and  MINISTRY  OF  TRANSPORT:

Who  is  RIGHT ?   Who  is  WRONG ?

Who  is  ACCURATE ?   Who  is  INACCURATE ?

Which  is  TRUTH ?   Which  is  UNTRUTH ?

Which  is  BLACK ?  Which  is  WHITE ?

Which  is  STRAIGHT ?  Which  is  NOT  STRAIGHT ?


 
 
Andrew
    10-Apr-2010 23:43  
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I think both of them is out of point leh.....

The facts first :

For Pte Car, in 2009, there are 576,988 units.

Of these units which is less than 4 years old is 67.2%.  If we screen off to less than 5years old, 83.4%.  So that, only 16.6% are 5years and older.

For the between 9 to less than 10 years only 1574 cars or 0.3%.

There are only two major road infrastructure project on going......CTE widening by 2014 and Marina Coastal Expressway (MCE).

With no much improvement to infrastructure and a relatively new car population.  High COE is going to last at least 4~5 years.  Unless there is a major recession during these times.

And there are simply too many cars on the road.....jam jam jam. Even if garment want to increase quota also cannot.  And it is all their fault lor,,,,why, they should have seen it coming leh....and reduce it long time ago.  The public simply cannot take abrupt spike in price....almost 100% COE increase in 1 month!!!  Dealers are losing money, car buyer is short changed.  Only those who buy CAT E is laughing all the way to the bank.  Should we say bye bye to CAT E ??

Next, those buying from PI, big time coming.  I would expect many to go bust.  So.....be gentle with your PI car(s).....

 

UNLESS !!!!   The public think 45K for a piece of paper is NO NO.....



pharoah88      ( Date: 10-Apr-2010 18:04) Posted:



bEtwEEn  BUSINESS TIMES  and  MINISTRY  OF  TRANSPORT:

Who  is  RIGHT ?   Who  is  WRONG ?

Who  is  ACCURATE ?   Who  is  INACCURATE ?

Which  is  TRUTH ?   Which  is  UNTRUTH ?

Which  is  BLACK ?  Which  is  WHITE ?

Which  is  STRAIGHT ?  Which  is  NOT  STRAIGHT ?

 
 
pharoah88
    10-Apr-2010 18:04  
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bEtwEEn  BUSINESS TIMES  and  MINISTRY  OF  TRANSPORT:

Who  is  RIGHT ?   Who  is  WRONG ?

Who  is  ACCURATE ?   Who  is  INACCURATE ?

Which  is  TRUTH ?   Which  is  UNTRUTH ?

Which  is  BLACK ?  Which  is  WHITE ?

Which  is  STRAIGHT ?  Which  is  NOT  STRAIGHT ?
 
 
pharoah88
    10-Apr-2010 17:58  
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Friday: 9th APRIL 2010

BUSINESS TIMES

COE supply this year may be 50% of 2009's


By SAMUEL EE

SINGAPORE - This year's new car registrations could plunge to levels not seen since 1999, but certificate of entitlement (COE) premiums would be way higher than what they were 11 years ago because of a bigger car population.

In 2009, the maximum COE quota size for passenger cars was 71,000 although only 68,862 cars were actually registered. This year, in a worst-case scenario, the number of car COEs could contract by half to just 34,762 - lower than 1999's new car registrations of 36,183 units.


pharoah88      ( Date: 10-Apr-2010 17:56) Posted:



ST Forum

Apr 3, 2010

Old formula doesn't mean more COEs



I REFER to Mr Tan Jiaqi's letter, 'COE price hike: Govt not entirely right', on Wednesday.

Mr Tan asserts that the new formula for certificate of entitlement (COE) quota, which comes into effect this month, was one reason for the rise in COE prices in the recent bidding exercise last month.

Both the old and new COE formulas aim to replace deregistered vehicles through the COE supply. Under the old formula, the number of vehicles deregistered is based on projections derived from historical trends. The new methodology merely does away with the need to project deregistrations by basing the number of replacement COEs on the actual number of vehicles taken off the road in the most recent six-month period. In doing so, the new formula provides a COE supply that is more responsive to changes in vehicle deregistration patterns, and is not subject to errors in projection.

The change in formula in itself does not result in a significant change in COE quotas. If there is a trend of more vehicles being deregistered, then both the new and old formulas would provide for a higher COE quota. Likewise, if there are fewer vehicles being deregistered, the COE quota will fall regardless of the formula used.

The cut in the COE quota announced last month was a direct result of there being fewer vehicle deregistrations recently. It is wrong to conclude that if the Government had kept to the old formula, there would have been more COEs.

In its review of the COE formula, the Land Transport Authority sought the views of the various motor trading associations, which were generally supportive of the proposal. In deciding on the change, the Government took into account their feedback, to use a six-month recycling period to allow the industry time to adjust.

Phua Hooi Boon
Director (Land Transport Division)
Ministry of Transport

 
 
pharoah88
    10-Apr-2010 17:56  
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ST Forum

Apr 3, 2010

Old formula doesn't mean more COEs



I REFER to Mr Tan Jiaqi's letter, 'COE price hike: Govt not entirely right', on Wednesday.

Mr Tan asserts that the new formula for certificate of entitlement (COE) quota, which comes into effect this month, was one reason for the rise in COE prices in the recent bidding exercise last month.

Both the old and new COE formulas aim to replace deregistered vehicles through the COE supply. Under the old formula, the number of vehicles deregistered is based on projections derived from historical trends. The new methodology merely does away with the need to project deregistrations by basing the number of replacement COEs on the actual number of vehicles taken off the road in the most recent six-month period. In doing so, the new formula provides a COE supply that is more responsive to changes in vehicle deregistration patterns, and is not subject to errors in projection.

The change in formula in itself does not result in a significant change in COE quotas. If there is a trend of more vehicles being deregistered, then both the new and old formulas would provide for a higher COE quota. Likewise, if there are fewer vehicles being deregistered, the COE quota will fall regardless of the formula used.

The cut in the COE quota announced last month was a direct result of there being fewer vehicle deregistrations recently. It is wrong to conclude that if the Government had kept to the old formula, there would have been more COEs.

In its review of the COE formula, the Land Transport Authority sought the views of the various motor trading associations, which were generally supportive of the proposal. In deciding on the change, the Government took into account their feedback, to use a six-month recycling period to allow the industry time to adjust.

Phua Hooi Boon
Director (Land Transport Division)
Ministry of Transport
 

 
pharoah88
    10-Apr-2010 17:45  
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Friday: 9th APRIL 2010

BUSINESS TIMES

COE supply this year may be 50% of 2009's


By SAMUEL EE

SINGAPORE - This year's new car registrations could plunge to levels not seen since 1999, but certificate of entitlement (COE) premiums would be way higher than what they were 11 years ago because of a bigger car population.

In 2009, the maximum COE quota size for passenger cars was 71,000 although only 68,862 cars were actually registered. This year, in a worst-case scenario, the number of car COEs could contract by half to just 34,762 - lower than 1999's new car registrations of 36,183 units.


pharoah88      ( Date: 04-Apr-2010 13:32) Posted:



The Straits Times Saturday, 3 APRIL 2010  Page A36  fOrum

OLD  fOrmula dOesn't mean  mOre  COEs

by  Phua Hooi Boon

Director (Land Transport Division)

Ministry of Transport

 * * * *    * * * *    * * * *    * * * *

I  REFER  to Mr tan Jiaqi's letter,

"COE price hike:  Govt not entirely right",  on  Wednesday.

 

Mr Tan asserts that the new fOrmula for COE quota,

which comes into effect this month,

was on reasOn for the rise in COE prices

in the recent bidding exercise last month.

....

 
 
pharoah88
    10-Apr-2010 17:40  
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Friday: 9th APRIL 2010

BUSINESS TIMES

COE supply this year may be 50% of 2009's


By SAMUEL EE

SINGAPORE - This year's new car registrations could plunge to levels not seen since 1999, but certificate of entitlement (COE) premiums would be way higher than what they were 11 years ago because of a bigger car population.

In 2009, the maximum COE quota size for passenger cars was 71,000 although only 68,862 cars were actually registered. This year, in a worst-case scenario, the number of car COEs could contract by half to just 34,762 - lower than 1999's new car registrations of 36,183 units.

There will be one major difference from 1999 though: the COE premium. Back then, the peak for a COE that could be used for registering a passenger car was $53,000. But with today's demand significantly higher than what it was in the late 1990s, conventional wisdom says COE premiums should surge far beyond that level.

One reason is that today's car population is 50 per cent bigger than what it was 11 years ago, which implies 50 per cent more replacement demand. In 1999, the car population was about 383,000 units; at the end of 2009, it was nearly 580,000.

In the best-case scenario, this year's total registrations for new cars could be as much as 44,000, or 36 per cent less than 2009's total. Everything depends on the COE quota to be announced by the government for the August 2010 to January 2011 period.

 

This is because the number of COEs from January to July 2010 has been announced. In the first three months of this year, there were 4,827 COEs per month or a total of 14,481 from the three categories that could be used to register a passenger car - Category A (for small cars), Cat B (big cars) and Cat E (the open category).

For the April-July period, the relevant monthly figure is 3,214 or a total of 12,856. If the status quo for the remaining five months of 2010 is maintained - that is, at 3,214 COEs per month - motorists can look forward to the release of 16,070 certificates until the year-end. This would mean a 2010 total of 43,407, near 44,000.

But since future half-yearly quotas of COEs will now be determined largely by the actual number of vehicles deregistered in the preceding six-month period (that is, the quota beginning in August 2010 depends on January-February 2010's scrappage), this figure could well be an optimistic one.

This is because deregistrations from January to February this year are falling, and if the trend continues, it means the amount of recycled COEs for the second half of 2010 could be much less than the 3,214 per month currently being released.

Assuming that used car dealers cut their monthly deregistrations by half because climbing COE premiums mean more attractive second-hand car prices, and using rough assumptions of COE allocation for the passenger car categories - plus other adjustments for over-projections in preceding years - the monthly quota from August onwards could be as low as 481 Cat A COEs, 491 Cat B, and 513 Cat E. This comes up to 1,485 COEs per month or a total of 7,425 for the last five months of 2010.

If this happens, the 2010 total will amount to just 34,762 - about half of the 68,862 new cars put on the road last year.

'The sharp decline in deregistrations could set in as early as March,' said one car distributor. The March 2010 deregistration statistics will be released by the Land Transport Authority (LTA) in the middle of this month.

The car distributor explained that used car dealers have already jacked up the prices of their second- hand cars in line with the upward-moving COE premiums.

'This means they have stopped deregistering their stock and are hoping to get better prices on the resale market,' he said.

He explained that the dealers' inventory consists mainly of 2004 and older vehicles - cars with higher paper value that would otherwise have been scrapped and recycled into new COEs.

'Cars registered in 2005 and later have lower paper value. They are unlikely to be scrapped anyway since they still have five more years left,' he added. 'It all points to a declining deregistration rate.'

This article was first published in The Business Times.
SIT to offer industry-focused Degree Programmes to Poly Grads


 
 
 
pharoah88
    09-Apr-2010 14:21  
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GOOD GOVERNANCE has FOUR PILLARS

OPEN  FAIR  JUST  TRANSPARENT

an Integrated  WHISTLE  BLOWING  SYSTEM

LiKE ALL TALENT,  WHISTLE BLOWERS

must be  WELL  REWARDED.

WHISTLE  BLOWING

can  BLOW EVERYTHING

OFF  ITS  TOP

*NOTHING  CAN  ESCAPE  WHISTLE  BLOWING*

ALL  LEADERS  FEAR  WHISTLE  BLOWING

NO  MAN  IS  PERFECT

TO  ERR  IS  HUMAN
 
 
pharoah88
    09-Apr-2010 11:51  
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nOw  i  remember  a  QuestiOn  i  HEARD  befORe :

WHY  SingapOre  always  CAUGHT  ONLY  the

LOAN  iKan  Billies ????

NEVER  CAUGHT  REAL  LOAN  SHARK ????

may  be  ADVANCED TRAINING  is  required in

LOAN  SHARK  ARREST
 
 
pharoah88
    09-Apr-2010 11:45  
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isn't this  a  NATIONAL  FRAUD ????

which is NATIONALLY  KNOWN ????

dOn't  tEll mE  it  is  WORLD's  1st  ????

nOt  AGAiN  ????

nOt  this ah men ????



pharoah88      ( Date: 09-Apr-2010 11:38) Posted:

WHY is  there  nO  DEATH  PENALTY  on  FRAUD ????

the  ECONOMIC  DAMAGES  CAUSED  BY  SUCH  FRAUD  is  WORSE  and FAR MORE WIDE RANGING THAN  THAT  OF  20 GRAMS  OF  DRUGS ????

While making FRAUD a more severe offence and reducing the incentive for higher repair costs won’t necessarily bring premiums down 21 per cent right away, if the changes make even a 10 per cent dent in premiums they could quickly save consumers over $100 million per year and put part of that $190 back in drivers’ pockets.

WHY  there  is  nO  response  from  CID and POLICE on such OPENLY  KNOWN  FRAUD ????

WHY there is nO  Ministerial  FARUD Committee ????

to  undertake  iMMediate  INVESTIGATIONS ????

S I M P L Y    cannOt    underSTAND  ????



pharoah88      ( Date: 09-Apr-2010 10:59) Posted:

comment&analysis

today Friday April 9, 2010   page 26

Drivers could save $100m in premiums

... if motor insurance taskforce ideas are implemented quickly

Richard Hartung

The writer is a consultant who has lived in Singapore since 1992.



 
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