Jump to content
  • Join SingaporeBikes.com today! Where Singapore Bikers Unite!

    Thank you for visiting SingaporeBikes.com - the largest website in Singapore dedicated to all things related to motorcycles and biking in general.

    Join us today as a member to enjoy all the features of the website for FREE such as:

    Registering is free and takes less than 30 seconds! Join us today to share information, discuss about your modifications, and ask questions about your bike in general.

    Thank you for being a part of SingaporeBikes.com!

Motorcycle COE (CAT D) @ S$8,000!! - April 2021


SBF
 Share

Recommended Posts

  • Administrators

image.thumb.png.96f8296ab55be250bdde1f5539f5485a.png

 

Current COE price for CAT D (Motorcycles) is at S$8,000! Almost like Bitcoin keeps going up. How to buy new bike like this?

  • Like 1
Link to comment
Share on other sites

  • Administrators

Price is almost reaching the ALL TIME HIGH price of S$8,451 that was hit during Feb 2018!!

image.thumb.png.8d0e3b428928101b5c93bf5a6bbabecc.png

Data/trend credits: sgcharts.com

  • Like 1
Link to comment
Share on other sites

as long as buyers continue to buy regardless of coe price and the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

Link to comment
Share on other sites

  • Administrators
14 hours ago, yogi said:

as long as buyers continue to buy regardless of coe price and the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

The delivery riders are able to use their motorcycles to 'make money' so they will keep buying regardless of the prices. Unfortunate truth. It's like during the 2012 period where the COE for cars were sky-high because Uber and Grab were buying up all the new cars/COEs.

Link to comment
Share on other sites

  • 3 weeks later...

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

  • Like 1
Link to comment
Share on other sites

@ yeah... many things oledi like dis: implemented (but not effective) then 'conveniently' forgot to remove; egs. 2 is enough policy, hawker table cleaning fees (nw rtn ur own tray) food prices still stuck at pre tray-rtn level😏

Link to comment
Share on other sites

  • 3 months later...
On 5/1/2021 at 6:27 PM, CharlieJuliet96 said:

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

the ARF mostly affected 2a and 2 bikes but majority usually get a 2b nowadays

Honda NSR150SP: 2012-2015

Honda RVF NC35: 2015

Triumph Daytona 675: 2015-present

SYM GTS 200: 2016-present

Conquered Places: Chiang Mai, MHS, Pai, Doi Inthanon, Bangkok, Hatyai, Danok, Genting, KL, Port Dickson, Seremban, Malacca, Kluang, Mersing, Desaru

Link to comment
Share on other sites

On 5/1/2021 at 6:27 PM, CharlieJuliet96 said:

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

Was triggered to do a little digging on this in recent days... all the available information on ARF is how it is computed. I could not locate any info on the rationale behind it's implementation. So i'm definitely in your camp on this!

There's a management practice that suggests that for every 1 new rule to be introduced, to remove 3 existing ones... i wonder why they don't try this? :) 

Link to comment
Share on other sites

  • 4 weeks later...
  • Administrators
On 8/22/2021 at 5:04 AM, poorboii said:

the ARF mostly affected 2a and 2 bikes but majority usually get a 2b nowadays

ARF was suppose to control the COE prices but alas, it's not working.

On 8/24/2021 at 11:06 PM, Issac said:

Was triggered to do a little digging on this in recent days... all the available information on ARF is how it is computed. I could not locate any info on the rationale behind it's implementation. So i'm definitely in your camp on this!

There's a management practice that suggests that for every 1 new rule to be introduced, to remove 3 existing ones... i wonder why they don't try this? :) 

Nothing new unfortunately, most policies are made behind closed doors and while with good intentions, its effects often turn out detrimental to consumers (current COE prices case in point).

We're currently at peak COE prices of 9,7xx, who wanna wager a guess when we'll break 10k COE? :(

Link to comment
Share on other sites

  • Administrators
2 hours ago, Mistaraju said:

the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

@Mistaraju It cannot go on forever..... Right?

Slight reprieve at the last COE bidding - S$9,089!! Hopefully it'll drop below 9k at the next bidding? I wouldn't bet on it though!

Link to comment
Share on other sites

30 minutes ago, SBF said:

@Mistaraju It cannot go on forever..... Right?

It could... Isn't it a matter of conditioning? I recall that it was S$1 dollar for years till some smart people figured that it could be gamed to generate more profit per bike. In 2019, it averaged S$3k+, in 2 years, it has more than doubled. Did your salary double? Especially in this current economic and pandemic environment? Shows that we have 'accepted' that it'll rise and at a rate faster than income increase thus lowering our purchasing power and thus taking on more/longer loans?

Link to comment
Share on other sites

On 9/25/2021 at 3:48 AM, CharlieJuliet96 said:

Honestly we shouldn't even accept anything above $4k. I don't know how is this even acceptable. The fact that the COE is more expensive than some bikes out there is simply ridiculous.

Exactly my point... we here in SG have been so conditioned that owning a car or motorcycle is meant to be expensive and that it's acceptable to take loans of many years to pay for a depreciating item. 

Link to comment
Share on other sites

I don't want to belabour the point ... but with 47% of the survey respondents sharing that their finances have worsened since the onset of the pandemic BUT STILL the cost of COE of this rather basic form of transporation more than DOUBLING over the same period... is proof that the implementation is flawed (aka being manipulated).

https://www.asiaone.com/singapore/1-2-singapore-residents-say-they-cannot-cope-financially-event-illness-or-job-loss 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...