Sinkies so rich: COE rises to $106,000

[TheGreatWhite]

UPDATED

17 MINS AGO

Published June 22, 2022
Updated June 22, 2022
SINGAPORE - Certificate of entitlement (COE) premiums rose across all categories at the latest tender exercise that closed on Wednesday (June 22).

This was the first tender exercise since COE premiums broke the $100,000 mark in two categories on June 8.

The price for cars with engines bigger than 1,600cc or 130bhp and fully electric vehicles (EVs) with a power output of above 110 kilowatts went up by 5.3 per cent from $100,684 to $106,001.

 

[SBFNews]

Latest COE Bidding Results​

June 2022, 2nd Bidding
Next Tender: 6th July 2022

CAT A Cars up to 1,600cc & 130bhp, or 110kW
Quota Premium	$74,989
Change	$1,188
Quota	614
Bids Received	850
Prevailing Quota Premium	$70,109 (Jun) $71,565 (Jul)
CAT B Cars above 1,600cc or 130bhp, or 110kW
Quota Premium	$106,001
Change	$5,317
Quota	531
Bids Received	822
Prevailing Quota Premium	$95,025 (Jun) $97,176 (Jul)
CAT C Goods Vehicle & Bus
Quota Premium	$53,011
Change	$9
Quota	103
Bids Received	224
Prevailing Quota Premium	$51,615 (Jun) $52,552 (Jul)
CAT E Open
Quota Premium	$104,400
Change	$3,703
Quota	194
Bids Received	276
Prevailing Quota Premium	N.A

 

[SBFNews]

A simple Cat A car needs a $75k kopi money to PAP.

 

[A Singaporean]

Please understand our PAP ministers are suffering and need a pay raise.

 

[cow138]

Too many rich people chasing after limited resources.. Imagine renting GCB for 200k per month.. If you buy car, you are also probably competing with him

 

[millim6868]

Good let's see how those not so rich n try to own car n yaya papaya, u see more fxxxkers tot they drive n yaya ,let see their present car expire n see the going to own the next one,I support this move to exp coe,I saw too many of these ppl ,really sick of them on the road,sad to say

 

[countryman]

The car dealers are the ones pushing up prices...

 

[Rogue Trader]

CAT C Goods Vehicle & Bus
Quota Premium	$53,011
Change	$9

Now drive a diesel powered loti van best

 

[eatshitndie]

many wealthy tiongs and hongkies run road to sg within the last 6.9 months. huat ah!

 

[Dr Christopher Cheok C S]

They kept reducing the quota in the past two years. https://www.channelnewsasia.com/sin...-january-2022-vehicle-growth-rate-lta-2246976

COE is the new bitcoin.

 

[Eisenhut]

I don't understand why need skolar in Garhmen. Anything wrong, just fine, tax(COE is a kind of car tax). Any dumb person could do job!

Too fat, tax and fine
Too free, tax
Too horny, tax
No jobs, tax you til you find one..