second straight round of record-high COEs

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second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

No Problem for the REAL RICH

https://www.channelnewsasia.com/singapore/coe-premiums-cars-category-b-record-high-second-straight-round-bidding-exercise-apr-5-3398226

RE: second straight round of record-high COEs - K88 shu shu - 05-04-2023

MYBFD.

RE: second straight round of record-high COEs - Dan - 05-04-2023

This is the job of PAP the higher the better for GDP

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 04:57 PM)Dan Wrote: This is the job of PAP the higher the better for GDP

The amount collected from COE is humongous......................... Big Grin

RE: second straight round of record-high COEs - menghuii - 05-04-2023

1 pcs of stupiak coe for a bike omg is already 12k
this govt is totally.........(*%^$##O!!

RE: second straight round of record-high COEs - Dan - 05-04-2023

Budget 2022: Vehicle tax, COE revenue set to rise 15% to $6.46 billion

What is the single largest source of government overall revenue in Singapore?
Tax revenue is the main source of the Government's Operating Revenue, accounting for about 73.6% in FY2021.

RE: second straight round of record-high COEs - WhatDoYouThink! - 05-04-2023

Most ppl can do without cars, but small businesses which need cars are the ones who suffer

RE: second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

(05-04-2023, 05:18 PM)menghuii Wrote: 1 pcs of stupiak coe for a bike omg is already 12k
this govt is totally.........(*%^$##O!!

Actually don't get fool " a lot rich foreigners " they just park their money here BUT NOT spending in SG.

Rich people is not dumb or else why they are rich in the first place. Why spend in SG whereas they can spend else where cheaper yet own more.

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 05:20 PM)WhatDoYouThink! Wrote: Most ppl can do without cars, but small businesses which need cars are the ones who suffer

Then cost will be passed on to the consumers.........people like you and me........ Big Grin

RE: second straight round of record-high COEs - Dan - 05-04-2023

PAP government do not make much from abroad they make money from the ordinarily citizens

Look at their performance

https://tradingeconomics.com/singapore/industrial-production

RE: second straight round of record-high COEs - mikotan - 05-04-2023

The coming cars@expo will push coe higher!

RE: second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

(05-04-2023, 05:20 PM)WhatDoYouThink! Wrote: Most ppl can do without cars, but small businesses which need cars are the ones who suffer

Dynamite Kor Kor own a car.

RE: second straight round of record-high COEs - Niubee - 05-04-2023

Govt spent 100b during the Covid period. Pay back time... Big Grin

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 05:47 PM)mikotan Wrote: The coming cars@expo will push coe higher!

That is for sure............where do those ppl find the money to buy new cars, with such a high COE price................ Big Grin

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 05:19 PM)Dan Wrote: Budget 2022: Vehicle tax, COE revenue set to rise 15% to $6.46 billion

What is the single largest source of government overall revenue in Singapore?
Tax revenue is the main source of the Government's Operating Revenue, accounting for about 73.6% in FY2021.

For the rich, but motor...S$12,000. crying

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 06:28 PM)Tee tiong huat Wrote: For the rich, but motor...S$12,000.

Malaysia RM$40,000 can buy a new car. Rotfl

RE: second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

(05-04-2023, 06:31 PM)Tee tiong huat Wrote: Malaysia RM$40,000 can buy a new car.

Others drive car is like " everyone can afford " in big countries.

Is like is common every family own at least one car. Partly country is big not say everywhere got public transport.

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 06:34 PM)[[ForeverAlone]] Wrote: Others drive car is like " everyone can afford " in big countries.

Is like is common every family own at least one car. Partly country is big not say everywhere got public transport.

In places like Malaysia and Brunei where public transport is scarce, many citizens tend to drive a car.............but then the price of owning a car is not high.......... Big Grin

RE: second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

(05-04-2023, 06:39 PM)debono Wrote: In places like Malaysia and Brunei where public transport is scarce, many citizens tend to drive a car.............but then the price of owning a car is not high..........

got this American friend of mine, he even got his own car workshop beside his landed house. He fix , fine tune his own car park inside.
Of course the car is not luxury car , his landed house is not say dam big but that is what tropical Middle income American owned.

RE: second straight round of record-high COEs - Dan - 05-04-2023

It's not the car or motorcycle ..... look at the bigger picture
It's the inability of the PAP to bring in money from abroad
This is what's happening here.
They import the rich and give them citizenships
Drive up property, rental, food and transport prices
Collect more revenues from increased taxes, COE, and GST ... etcs to meet their GDP

Is this the best they could do?

RE: second straight round of record-high COEs - sgh - 05-04-2023

(05-04-2023, 06:02 PM)debono Wrote: That is for sure............where do those ppl find the money to buy new cars, with such a high COE price................

Car loan lor. Then somehow find way to pay every month. If not car kena repossessed back lor.

RE: second straight round of record-high COEs - Truebluesg - 05-04-2023

(05-04-2023, 07:01 PM)sgh Wrote: Car loan lor. Then somehow find way to pay every month. If not car kena repossessed back lor.

true true a lot of such people. buy bmw but bank inside really miamchiam bank rupt.
Usually first sign is they refuse to pay for parking , insist it is their entitlement to have free parking.
Gov want to raise COE, lessen the supply of COE, must at least get the stupid trains working first lah!

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 07:01 PM)sgh Wrote: Car loan lor. Then somehow find way to pay every month. If not car kena repossessed back lor.

But getting a loan to buy a car when one cannot pay it's installments is stupid.............. Big Grin

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 06:59 PM)Dan Wrote: It's not the car or motorcycle ..... look at the bigger picture
It's the inability of the PAP to bring in money from abroad
This is what's happening here.
They import the rich and give them citizenships
Drive up property, rental, food and transport prices
Collect more revenues from increased taxes, COE, and GST ... etcs to meet their GDP

Is this the best they could do?

It way to go high, higher and the sky, one day. The poor were eat grass. crying

[Image: Screenshot-20230405-194414-Google.jpg]

RE: second straight round of record-high COEs - debono - 05-04-2023

(05-04-2023, 07:46 PM)Tee tiong huat Wrote: It way to go high, higher and the sky, one day. The poor were eat grass.

That is what will happen if the PAP are not held in check.......................... crying

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 07:50 PM)debono Wrote: That is what will happen if the PAP are not held in check..........................

When were Singapore 1st, 2nd, 3rd, 4th and others class coming?.

RE: second straight round of record-high COEs - Instinct - 05-04-2023

(05-04-2023, 06:01 PM)Niubee Wrote: Govt spent 100b during the Covid period. Pay back time...

A year of COE and ABSD will be enuf to pay for it. 👍

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 05:47 PM)mikotan Wrote: The coming cars@expo will push coe higher!

Car is cheap, the tax one need to buy is more then the car. crying

RE: second straight round of record-high COEs - Tee tiong huat - 05-04-2023

(05-04-2023, 08:00 PM)Tee tiong huat Wrote: When were Singapore 1st, 2nd, 3rd, 4th and others class coming?.

10 years, 20, 30 years...later.. Thinking

RE: second straight round of record-high COEs - [[ForeverAlone]] - 05-04-2023

Smile

One policy I only agreed with Greedy pap is come this COE.

SG so small
Now worst on top with PHV so many cars