COE Prices Rebound: Are You a Car Owner or Not?

On January 17th, Singapore's second round of COE (car certificate) prices surged past 100,000 Singapore dollars. Its volitility is comparable to the stock market. After reaching a peak in October 2023, prices declined from November to January. In 2024, there was a substantial drop in COE prices, some even returning to levels from two years ago. Some suggests Singapore has the world's highest car purchase costs. ---------- How do you view? Are you a car owner or ready to be? Or owning a car is not your plan？

+ Follow

koolgal

01-19

Owning A Car In Singapore Is A Luxury

🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own a car. It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years. That is not even a car. However just imagine if there is no COE, what would happen to our roads? If the car ownership is allowed to increase unfettered? Driving can be a nightmare with daily traffic jams and work productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one. I have looked after the car well and sent it for regular servicing. A good car like this can last well over 10 years but I have to send for sc

Owning A Car In Singapore Is A Luxury

Bonta

01-18

Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense. The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with

icycrystal

01-22

Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the [USD] [USD] [USD] [USD] to splurge on many carsssss...[Sly] [Sly] [Sly] [Sly] [Sly] wish I am one of these people but sadly no...[Facepalm] [Facepalm] [Facepalm] For a lazy bum bum like me, better to not own one because I would drive instead of walk [Silence] [Silence] [Silence] (had experienced before...) [Tongue] [Tongue] [Tongue] Anyway, unless it's necessary, won't be own

ZEROHERO

01-19

To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the "general election is approaching", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid spending beyond our means.

ginganinja

01-18

I am not 😭😭😭😭😭😭

{"data":{"themeId":"e462c30e40894f358365a4ad181a7805","name":"COE Prices Rebound: Are You a Car Owner or Not?","description":"On January 17th, Singapore's second round of COE (car certificate) prices surged past 100,000 Singapore dollars.\nIts volitility is comparable to the stock market. \nAfter reaching a peak in October 2023, prices declined from November to January. \nIn 2024, there was a substantial drop in COE prices, some even returning to levels from two years ago. \nSome suggests Singapore has the world's highest car purchase costs.\n----------\nHow do you view?\nAre you a car owner or ready to be?\nOr owning a car is not your plan？","image":"https://community-static.tradeup.com/news/6f9d48390da12b84870ab45ede538ecd","type":0,"style":1,"follow":false,"createTime":1705562147168,"userCounts":2,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":e462c30e40894f358365a4ad181a7805}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowFollow":true,"hasReward":true,"rewardScore":2000,"rewardValidDate":1706080534000,"rewardEnd":true,"symbols":[],"tweetCounts":7,"categoryId":"d3c66e9d6c224ba082ca76ee654847ca","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"COE Prices Rebound: Are You a Car Owner or Not?","tweetAmount":7,"imageIsDefault":false},"tab":"essen","allList":[{"id":265811502137448,"gmtCreate":1705915819583,"gmtModify":1705923611101,"author":{"id":"4132300740238052","authorId":"4132300740238052","name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132300740238052","authorIdStr":"4132300740238052"},"themes":[],"htmlText":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;to splurge on many carsssss...[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;wish I am one of these people but sadly no...[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp; For a lazy bum bum&nbsp;&nbsp;like me, better to not own&nbsp; one because I would drive instead of walk&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;(had experienced&nbsp; before...)&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp; Anyway, unless it's necessary, won't be own","listText":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;to splurge on many carsssss...[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;wish I am one of these people but sadly no...[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp; For a lazy bum bum&nbsp;&nbsp;like me, better to not own&nbsp; one because I would drive instead of walk&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;(had experienced&nbsp; before...)&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp; Anyway, unless it's necessary, won't be own","text":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the [USD] [USD] [USD] [USD] to splurge on many carsssss...[Sly] [Sly] [Sly] [Sly] [Sly] wish I am one of these people but sadly no...[Facepalm] [Facepalm] [Facepalm] For a lazy bum bum like me, better to not own one because I would drive instead of walk [Silence] [Silence] [Silence] (had experienced before...) [Tongue] [Tongue] [Tongue] Anyway, unless it's necessary, won't be own","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":46,"commentSize":12,"repostSize":5,"link":"https://ttm.financial/post/265811502137448","isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583106134648492","authorId":"3583106134648492","name":"Frosty4ever","avatar":"https://community-static.tradeup.com/news/58fdf90023b13bdabb45b46bb0d645e1","crmLevel":4,"crmLevelSwitch":1,"idStr":"3583106134648492","authorIdStr":"3583106134648492"},"content":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?","text":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?","html":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264698758987904,"gmtCreate":1705647759834,"gmtModify":1705923628861,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"themes":[],"htmlText":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending&nbsp;the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid&nbsp;spending beyond our means.","listText":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending&nbsp;the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid&nbsp;spending beyond our means.","text":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid spending beyond our means.","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":73,"commentSize":3,"repostSize":5,"link":"https://ttm.financial/post/264698758987904","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264697142178016,"gmtCreate":1705647474253,"gmtModify":1705909125173,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"themes":[],"title":"Owning A Car In Singapore Is A Luxury ","htmlText":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own&nbsp;a car.&nbsp; It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years.&nbsp; That is not even a car. However just&nbsp; imagine if there is no COE, what would happen to our roads?&nbsp; If the car ownership is allowed to increase unfettered?&nbsp; Driving can be a nightmare with daily traffic jams and work&nbsp;productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one.&nbsp; I have looked after the car well and sent it for regular servicing.&nbsp; A good car like this can last well over 10 years but I have to send for sc","listText":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own&nbsp;a car.&nbsp; It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years.&nbsp; That is not even a car. However just&nbsp; imagine if there is no COE, what would happen to our roads?&nbsp; If the car ownership is allowed to increase unfettered?&nbsp; Driving can be a nightmare with daily traffic jams and work&nbsp;productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one.&nbsp; I have looked after the car well and sent it for regular servicing.&nbsp; A good car like this can last well over 10 years but I have to send for sc","text":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own a car. It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years. That is not even a car. However just imagine if there is no COE, what would happen to our roads? If the car ownership is allowed to increase unfettered? Driving can be a nightmare with daily traffic jams and work productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one. I have looked after the car well and sent it for regular servicing. A good car like this can last well over 10 years but I have to send for sc","images":[{"img":"https://community-static.tradeup.com/news/64f5ccc9d14b1e45c1085cc466b5bc84","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/0b63790f924dc263227b162fd0df047b","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/d81dfdd518c4e9e5b2ba3132fd555a3e","width":"1080","height":"2340"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":61,"commentSize":31,"repostSize":16,"link":"https://ttm.financial/post/264697142178016","isVote":1,"tweetType":1,"viewCount":1326,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4089527924629590","authorId":"4089527924629590","name":"HengHuat","avatar":"https://static.tigerbbs.com/5854d1323f59ffe9e66dca6d58fd6af8","crmLevel":2,"crmLevelSwitch":0,"idStr":"4089527924629590","authorIdStr":"4089527924629590"},"content":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster","text":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster","html":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster"}],"imageCount":3,"langContent":"EN","totalScore":0},{"id":264467065811168,"gmtCreate":1705591303264,"gmtModify":1705591307603,"author":{"id":"4139016366419872","authorId":"4139016366419872","name":"ginganinja","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4139016366419872","authorIdStr":"4139016366419872"},"themes":[],"htmlText":"I am not 😭😭😭😭😭😭","listText":"I am not 😭😭😭😭😭😭","text":"I am not 😭😭😭😭😭😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264467065811168","isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264363200102576,"gmtCreate":1705566002792,"gmtModify":1705568214822,"author":{"id":"4109646601429430","authorId":"4109646601429430","name":"Bonta","avatar":"https://community-static.tradeup.com/news/e546b51e8ccbae6d6780649412c2f67e","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4109646601429430","authorIdStr":"4109646601429430"},"themes":[],"htmlText":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense.&nbsp; The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","listText":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense.&nbsp; The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","text":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense. The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","images":[{"img":"https://community-static.tradeup.com/news/0dee073a70047fe30eff1ef264a8a458","width":"750","height":"797"}],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":47,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/264363200102576","isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000665","authorId":"9000000000000665","name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000665","authorIdStr":"9000000000000665"},"content":"Agreed! COE prices are outrageous. [Tears]","text":"Agreed! COE prices are outrageous. [Tears]","html":"Agreed! COE prices are outrageous. [Tears]"}],"imageCount":1,"langContent":"EN","totalScore":0}],"essenList":[{"id":264697142178016,"gmtCreate":1705647474253,"gmtModify":1705909125173,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"themes":[],"title":"Owning A Car In Singapore Is A Luxury ","htmlText":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own&nbsp;a car.&nbsp; It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years.&nbsp; That is not even a car. However just&nbsp; imagine if there is no COE, what would happen to our roads?&nbsp; If the car ownership is allowed to increase unfettered?&nbsp; Driving can be a nightmare with daily traffic jams and work&nbsp;productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one.&nbsp; I have looked after the car well and sent it for regular servicing.&nbsp; A good car like this can last well over 10 years but I have to send for sc","listText":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own&nbsp;a car.&nbsp; It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years.&nbsp; That is not even a car. However just&nbsp; imagine if there is no COE, what would happen to our roads?&nbsp; If the car ownership is allowed to increase unfettered?&nbsp; Driving can be a nightmare with daily traffic jams and work&nbsp;productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one.&nbsp; I have looked after the car well and sent it for regular servicing.&nbsp; A good car like this can last well over 10 years but I have to send for sc","text":"🌟🌟🌟One of the most expensive items to own in Singapore next to a house is to own a car. It is simply mind boggling how much we have to pay for COE or Certificate of Entitlement and that is only the starting point and it is only valid for 10 years. That is not even a car. However just imagine if there is no COE, what would happen to our roads? If the car ownership is allowed to increase unfettered? Driving can be a nightmare with daily traffic jams and work productivity would be affected. I currently own a Mitsibishi Outlander for the last 8 years and soon I need to replace the car with another one. I have looked after the car well and sent it for regular servicing. A good car like this can last well over 10 years but I have to send for sc","images":[{"img":"https://community-static.tradeup.com/news/64f5ccc9d14b1e45c1085cc466b5bc84","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/0b63790f924dc263227b162fd0df047b","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/d81dfdd518c4e9e5b2ba3132fd555a3e","width":"1080","height":"2340"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":61,"commentSize":31,"repostSize":16,"link":"https://ttm.financial/post/264697142178016","isVote":1,"tweetType":1,"viewCount":1326,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4089527924629590","authorId":"4089527924629590","name":"HengHuat","avatar":"https://static.tigerbbs.com/5854d1323f59ffe9e66dca6d58fd6af8","crmLevel":2,"crmLevelSwitch":0,"idStr":"4089527924629590","authorIdStr":"4089527924629590"},"content":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster","text":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster","html":"I am also very sure the public transport cannot support the ever growing population. nowadays at any time of the day, bus and mrt are crowded. can't imagine if everyone give up their car/bike and take public transport instead.. disaster"}],"imageCount":3,"langContent":"EN","totalScore":0},{"id":264363200102576,"gmtCreate":1705566002792,"gmtModify":1705568214822,"author":{"id":"4109646601429430","authorId":"4109646601429430","name":"Bonta","avatar":"https://community-static.tradeup.com/news/e546b51e8ccbae6d6780649412c2f67e","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4109646601429430","authorIdStr":"4109646601429430"},"themes":[],"htmlText":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense.&nbsp; The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","listText":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense.&nbsp; The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","text":"Just bought a 2nd hand car last year due to change of job and job requirement... COE prices are simply insane, especially for new cars which easily hits above 100k for entry level car. I calculated that 2nd hand car gives more value compared to getting a new car. Even so, it's nonsensical as the COE only allows driving for 10 years and cost around 100k, when we compare to buying a small public housing in Singapore of 300-400k which last for 99 years, it simply doesn't make sense. The COE system is dependent on demand and supply. The narrative is that cos Singapore govt capped car growth, only when 1 car exit the system, then another car can enter the system. Hence, everyone is competing within the same pool. The issue is that when the system started, there are stretches of years with","images":[{"img":"https://community-static.tradeup.com/news/0dee073a70047fe30eff1ef264a8a458","width":"750","height":"797"}],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":47,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/264363200102576","isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000665","authorId":"9000000000000665","name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000665","authorIdStr":"9000000000000665"},"content":"Agreed! COE prices are outrageous. [Tears]","text":"Agreed! COE prices are outrageous. [Tears]","html":"Agreed! COE prices are outrageous. [Tears]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":265811502137448,"gmtCreate":1705915819583,"gmtModify":1705923611101,"author":{"id":"4132300740238052","authorId":"4132300740238052","name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132300740238052","authorIdStr":"4132300740238052"},"themes":[],"htmlText":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;to splurge on many carsssss...[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;wish I am one of these people but sadly no...[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp; For a lazy bum bum&nbsp;&nbsp;like me, better to not own&nbsp; one because I would drive instead of walk&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;(had experienced&nbsp; before...)&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp; Anyway, unless it's necessary, won't be own","listText":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;[USD]&nbsp;&nbsp;to splurge on many carsssss...[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;[Sly]&nbsp;&nbsp;wish I am one of these people but sadly no...[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp;[Facepalm]&nbsp;&nbsp; For a lazy bum bum&nbsp;&nbsp;like me, better to not own&nbsp; one because I would drive instead of walk&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;[Silence]&nbsp;&nbsp;(had experienced&nbsp; before...)&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp;[Tongue]&nbsp;&nbsp; Anyway, unless it's necessary, won't be own","text":"Owning a car in Singapore is not necessary unless there are reasons for you to own one (i.e. having a family with young children, elderly parents, etc). Of course some people have the [USD] [USD] [USD] [USD] to splurge on many carsssss...[Sly] [Sly] [Sly] [Sly] [Sly] wish I am one of these people but sadly no...[Facepalm] [Facepalm] [Facepalm] For a lazy bum bum like me, better to not own one because I would drive instead of walk [Silence] [Silence] [Silence] (had experienced before...) [Tongue] [Tongue] [Tongue] Anyway, unless it's necessary, won't be own","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":46,"commentSize":12,"repostSize":5,"link":"https://ttm.financial/post/265811502137448","isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583106134648492","authorId":"3583106134648492","name":"Frosty4ever","avatar":"https://community-static.tradeup.com/news/58fdf90023b13bdabb45b46bb0d645e1","crmLevel":4,"crmLevelSwitch":1,"idStr":"3583106134648492","authorIdStr":"3583106134648492"},"content":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?","text":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?","html":"this is the narrative that many have because under the coe scheme card have become so expensive because supply has been increasingly restricted. unless in the 1% most in there population have been priced out. but what if a more equitable system replaces there current hybrid bidding system, can bid high but don't pay at the highest bid? will the narrative change?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264698758987904,"gmtCreate":1705647759834,"gmtModify":1705923628861,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"themes":[],"htmlText":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending&nbsp;the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid&nbsp;spending beyond our means.","listText":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending&nbsp;the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid&nbsp;spending beyond our means.","text":"To drive or not to drive? Owning a car very much depends on several factors such as job requirement for sales position to meet clients, sending the children for classes, bringing a bigger family out with more than 5 pax with infants and/or aged parents. Certainly there are car rental companies and Grab cars available with a lower cost but less convenient. Public transportation is accessible to most if one is healthy and mobile. Personally, I believe the COE prices will continue to slide gradually into 2024 and 2025 as the \"general election is approaching\", if you know what I mean 🤫 There are different seasons in life to own various kinds of products and services required. It's important to simply live according to our earning capacity and avoid spending beyond our means.","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":73,"commentSize":3,"repostSize":5,"link":"https://ttm.financial/post/264698758987904","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264467065811168,"gmtCreate":1705591303264,"gmtModify":1705591307603,"author":{"id":"4139016366419872","authorId":"4139016366419872","name":"ginganinja","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4139016366419872","authorIdStr":"4139016366419872"},"themes":[],"htmlText":"I am not 😭😭😭😭😭😭","listText":"I am not 😭😭😭😭😭😭","text":"I am not 😭😭😭😭😭😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264467065811168","isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}