COE Prices

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#1
COE prices for cars at eight-year lows
https://www.straitstimes.com/singapore/t...-year-lows
[At the close of bidding on Wednesday afternoon (June 20), COE premiums for cars up to 1,600cc and 130bhp dropped by 6.4 per cent to $34,110 - the lowest since November 2010.
For cars above 1,600cc or 130bhp, COE prices tumbled from $36,000 to $33,900, falling by 5.8 per cent. COE premiums for this category continue to remain at an eight-year low, surpassed only by March 2010’s price of $26,389. 
In the open category, which is for any vehicle type except motorcycles, COE premiums fell 7 per cent, from $37,000 to $34,400 - also maintaining at an eight-year low.]

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I would say COE prices are currently crashing. anyone planning to buy new car ?  or shall we wait till COE hit <10k again? Big Grin
This could be a leading indicator of how our local economy is doing.
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#2
No la. Can be normalisation of Uber car hoarding, meaning buy a lot in 2016, now need to
clear.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#3
Besides Uber I would think there is also an adjustment mechanism at play due to the VES, with new PM standard starting July
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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#4
yup could be the VES, as in the article they mentioned as well.

At the moment STI has gone down quite a bit from 3600 highs and May Manufacturing PMI showed a slight slowdown in growth.
http://www.xinhuanet.com/english/2018-06...229923.htm

So hard to say, will have to see what happens later half of this year with trade tensions and what not. But I do remember GFC times in 2018 COE prices started trending down from around april and really dipped when the OCT stock market crash came about.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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