With the tightening COE supply by the government, COE prices are feeling the pressure by going upwards.
Every 2 weeks or so, when the COE results are announced, all we know are the final results of the COE payable. However, has anyone tried following the trend of the COE and how prices move?
I've took the initiative to monitor COE price movement for the last 40 minutes before the bidding ends and found surprising results
What i've done is to collect screenshots of the live COE bidding results which ended a few days ago and keyed into excel. From there, a scatter graph is done.
My conclusion is, we all only need $1 to outbid the other bidder, not $1.5k extra.
I hope everyone can play a part by bringing down COE prices and not let the bike/car shops who bid on our behalf just to meet their sales target.
PS: im not sure how to upload my excel file using the forum controls. im only able to do screenshots.