Motorcycle's COE Price is getting ridiculous.....

[TeRrYBEaR]

when will the increase of coe stop?

 

till the day our people vote wisely

[TsuchimiRin]

haiz....

 

i regard selling off my bike... now as the COE is so stupit and i decide to sell my car away to get back to bike and now even for bike COE!!!!! is so crazy...

 

 

guess i gona invest more in my bicycle for now.. (maybe in years 2020 even bicycle had to fix IU...)

 

nothing change... unless... pls vote wisely

 

If you gonna move to bicycle, I would suggest getting an electric bicycle, I was on 1 before I moved to motorbike and I used it to travel to and fro work, you could buy ready made or custom make 1 yourself, the good side of custom make is you can make it run above the legally allowed speed (25km/h) and try using mountain bikes as from experience, TP and police normally close an eye when they see people riding on mountain bikes instead of those market bikes you see around and the catch is, you have to wear a safety helmet. Hope this helps.

[TeRrYBEaR]

If you gonna move to bicycle, I would suggest getting an electric bicycle, I was on 1 before I moved to motorbike and I used it to travel to and fro work, you could buy ready made or custom make 1 yourself, the good side of custom make is you can make it run above the legally allowed speed (25km/h) and try using mountain bikes as from experience, TP and police normally close an eye when they see people riding on mountain bikes instead of those market bikes you see around and the catch is, you have to wear a safety helmet. Hope this helps.

 

i do have a full sup MTB was thinking of modify to electric too but somehow i still prefer my leg as engine and my fat as fuel haha.

[hydrop]

My fazer coe left with 1 year.....oh no....

[TsuchimiRin]

i do have a full sup MTB was thinking of modify to electric too but somehow i still prefer my leg as engine and my fat as fuel haha.

 

hahahahahaha. maybe try not to install throttle so it becomes pedal assisted, your FC will definitely be very good LOL!!!

[rhema83]

Answer is. It will never stop increasing. By the way, with reference to the following link:

 

http://www.onemotoring.com.sg/1m/coe/coeDetail.html

 

the COE for bikes has increased to 4289, I thought there is only 1 bidding per month and it was previously at 4001 but has increased to 4289, could someone enlighten me on this? Thanks.

 

There are 2 COE bidding exercises per month.

 

Fact is that overall, your public transport is more expensive than riding a fuel saving bike. Most bikes OTR are 2B bikes, a smattering of S4s. Class 2 make a small number, those riding class 2 usually have a class 2B bike as well. Delivery riders, postman, people going to work are almost exclusively riding a 2B bike. You might think you see many class 2 because they stand out and that your kapcai is probably a Malaysian.

 

Lemme put into perspective

 

For my case:

 

When using public transport = $150/month including misc travelling other than work, using cab etc

When using kapchai=$87, petrol and parking included /month cuz I fill up at JB since its so near to me.

 

Difference? I save alot more time with the bike than on public and can pretty much go anywhere I want and the only time I get squeezed is at the customs, not tt different from being in a public transport.

 

Insurance and rdtax only once a year, maintenance also EO,spark plug, oil filter every 2-3 months. Overall public transport is more expensive, don't forget you can sell the bike back, even if you don't, it will save enough to earn itself back vs taking public.

 

PAP doesn't like this, if pple ride they cannot suck money out of you, so they increase the COE. Has NOTHING to do with controlling the number of vehicles, bikes don't contribute to jams, massive influx of foreigners do.

 

As I ride a literbike and use the most expensive expressway in Singapore (CTE, $3 from 8:35-8:55am and $1.25 from 6:30pm-8pm) to commute to work, public transport is cheaper. The problem is that the public transport system is not efficient and reliable enough to replace my bike. Worse, MRT and taxi fares have been creeping up over the years, making the cost difference less significant.

 

Case-in-point: My home is near a MRT station, and a few years ago my workplace moved to downtown near a MRT station. I came under strong family pressure to sell my bike and take MRT. Then all hell broke loose on the MRT (breakdown galore, if you have forgotten). It was a good reason for me to keep my bike and I have been very happy with my decision. I still take MRT and taxi when I need to, but I ride as much as possible.

 

Public transport is a different issue altogether, back to coe..

I have a question, if there's 300 successful bidders and 299 bidded 2k while 1 bid 4289k.. does it mean PQP will follow that 1 highest bid or total bids divided by 300?

 

No, that is not how the PQP works. For details, you can check LTA's website. They can explain it better than us.

Edited March 20, 2014 by rhema83

[exwhyzee]

Public transport is a different issue altogether, back to coe..

I have a question, if there's 300 successful bidders and 299 bidded 2k while 1 bid 4289k.. does it mean PQP will follow that 1 highest bid or total bids divided by 300?

 

quota - 300 coe

bidders - 400 ppl

50ppl bidded $200, 50ppl bidded $2000, 100ppl bidded $3000, 100ppl bidded $4000, 100ppl bidded $5000

 

end of the day top 300 bidders will get the coe...all these successful bidders will pay $2001 (add $1 to the 301st bidder amount)

 

 

edit: i read the question wrongly lol

if im not wrong PQP is the average of the past 3 coe results

[fx]

haha.. its alright.. yup pqp = 3 moving average..

I also get confused when I read my question again..

ok let me rephrase..

I mean for eg. this month not every bidders bid @4289k..

so if every time lta follow highest bid as the amount to set for pqp then it is not a fair mark..

correct me if I am mistaken, is my question simple enough? hehe..

[Jehuty]

haha.. its alright.. yup pqp = 3 moving average..

I also get confused when I read my question again..

ok let me rephrase..

I mean for eg. this month not every bidders bid @4289k..

so if every time lta follow highest bid as the amount to set for pqp then it is not a fair mark..

correct me if I am mistaken, is my question simple enough? hehe..

 

If tts the case, probably got gahmen body that bid high so COE will overall increase, usually at the very last min.

[CoolieND]

As recommended by rhema, reference the LTA site:

 

How does the COE Open Bidding System work?

 

 

• Bidders outbid each other to obtain a COE during the bidding exercise.
   
  
• Bidders can submit their bids by keying in the reserve price* into the COE Open
  Bidding System or through the System’s various channels listed at ONE.MOTORING.
   
  
• The COE Open Bidding System will automatically revise the bid upwards, at an
  increment of S$1, until the reserve price is reached.
   
  
• The bid is in the running as long as the reserve price is equal or higher
  than the Current COE Price (CCP).
   
  
• The number of successful bidders is limited by the COEs available for each
  particular COE category. The CCP is the price of the highest unsuccessful bid
  plus S$1.
   
  
• If the CCP rises above the bidder’s reserve price, the bidder is then out of
  the running for a COE unless he revises his reserve price upwards.
   
  
• The CCP will stop rising when the number of bidders who are prepared to pay
  more than or at the CCP equals the quota at the close of the exercise.
   
  
• At the close of the exercise, bidders whose bids are above or equal to the
  CCP will get a COE.
   
  
• The latest CCPs at the close of bidding are the Quota Premiums for
  the bidding exercise. All successful bidders in the vehicle category will pay
  the same Quota Premium for that category.
  

 

* The reserve price is the maximum bid amount that a bidder is prepared to

pay for the COE.

[MR BIKER]

what id dont understand is for that last 5 minutes, people can suddenly put from $1 all the way up to 4k. can they put 2k , 2.01, 2.015, 2.016 . why jump all the way. whose work is that ?? bidders , yes but the layman like you or me?? or bike shop or gament??

[Jehuty]

As recommended by rhema, reference the LTA site:

 

 

Rather confusing, does this mean COE will never drop?

[keyxblade]

what id dont understand is for that last 5 minutes, people can suddenly put from $1 all the way up to 4k. can they put 2k , 2.01, 2.015, 2.016 . why jump all the way. whose work is that ?? bidders , yes but the layman like you or me?? or bike shop or gament??

 

most likely is bike shop or their agent. all bid last min.

[rhema83]

what id dont understand is for that last 5 minutes, people can suddenly put from $1 all the way up to 4k. can they put 2k , 2.01, 2.015, 2.016 . why jump all the way. whose work is that ?? bidders , yes but the layman like you or me?? or bike shop or gament??

 

Rather confusing, does this mean COE will never drop?

 

most likely is bike shop or their agent. all bid last min.

 

When people bid for COE, they enter the highest price they are willing to pay. That is called reserve price.

 

Let's say there are 300 COEs up for bidding this month. And so far exactly 300 people have bid. The current COE price (CCP) or basically the closing price of the auction is still $1.

 

5 minutes before closing, a bike agent comes in with 10 very high bids of $6000. The lowest 10 bidders (from the first 300 bidders) will be pushed out automatically. The reserve price of the 10th lowest bidder plus $1 will now be the CCP. Let's say he bidded $1000. Now the CCP is $1001.

 

1 minute before closing, another bike agent comes in with 10 bids of $5000. Even though it is lower than the high bid ($6000), it is still higher than the CCP ($1001). Thus these bids are accepted, and the lowest 10 bids are kicked out. The highest bid of those 10 is $4000. So the CCP is $4001. The bidding then closes.

 

In the end the 20 lowest bidders are kicked out. The highest of those 20 unsuccessful bidders bidded $4000. So the Quota Premium for the exercise is $4001. Everybody pays $4001, including those who bidded $5000 or $6000.

[rhema83]

I am quite certain that the Gov is not involved in any price-setting. Most likely the bike shops are to blame for the rising COE price. They bid high in order to secure COEs to sell their new bikes. But some are getting burned now because new bikes are not moving as fast as before due to the ridiculous COE premium.

[xavw]

I am quite certain that the Gov is not involved in any price-setting. Most likely the bike shops are to blame for the rising COE price. They bid high in order to secure COEs to sell their new bikes. But some are getting burned now because new bikes are not moving as fast as before due to the ridiculous COE premium.

 

Actually, also cuz LTA cut bike quota to give to car quota. They thought it was safe to do so since bike population year on year has been declining by abt 5%. But this has backfired. Bike COE prices shoot up. Not sure where the demand is coming from, if its the mototiam bidding.

[xavw]

I'm quite sure the forums here will be and have been monitored all along..

Letters or no letters it doesn't work that way, silence or noise will fall to deaf ears..

every breath you take.. every move you make.. every step you take.. they'll be watching you..

 

Actually, its because bikers don't make enough noise at the right people. They see us no up.

 

Just, look at the cyclists. They are also a small population, but they kpkb to the right people (MPs, connected people) and now they get all their park connectors n cycling networks. Sure its fat hope that they will get their cycling lane, but the Govt is scared of them, dont want to offend them.

[swoosh]

When people bid for COE, they enter the highest price they are willing to pay. That is called reserve price.

 

Let's say there are 300 COEs up for bidding this month. And so far exactly 300 people have bid. The current COE price (CCP) or basically the closing price of the auction is still $1.

 

5 minutes before closing, a bike agent comes in with 10 very high bids of $6000. The lowest 10 bidders (from the first 300 bidders) will be pushed out automatically. The reserve price of the 10th lowest bidder plus $1 will now be the CCP. Let's say he bidded $1000. Now the CCP is $1001.

 

1 minute before closing, another bike agent comes in with 10 bids of $5000. Even though it is lower than the high bid ($6000), it is still higher than the CCP ($1001). Thus these bids are accepted, and the lowest 10 bids are kicked out. The highest bid of those 10 is $4000. So the CCP is $4001. The bidding then closes.

 

In the end the 20 lowest bidders are kicked out. The highest of those 20 unsuccessful bidders bidded $4000. So the Quota Premium for the exercise is $4001. Everybody pays $4001, including those who bidded $5000 or $6000.

 

Good explanation.

 

I am quite certain that the Gov is not involved in any price-setting. Most likely the bike shops are to blame for the rising COE price. They bid high in order to secure COEs to sell their new bikes. But some are getting burned now because new bikes are not moving as fast as before due to the ridiculous COE premium.

 

Too many bike shops fighting for market share. Once the weak ones are out, COEs for bike will slide. What goes up must come down.

[Jehuty]

I am quite certain that the Gov is not involved in any price-setting. Most likely the bike shops are to blame for the rising COE price. They bid high in order to secure COEs to sell their new bikes. But some are getting burned now because new bikes are not moving as fast as before due to the ridiculous COE premium.

 

Motortiams know this better than anyone, better than the LTA morons. It will hurt the demand, they don't earn from it either, I'm willing to bet that the last min bidder who swell the COE is the Govt themselves, they stand to earn most.

[swoosh]

Bike shop dun care what is the COE level, unless you are saying the customer must pay for COE ($4K++) + down payment then can roll out the bike. The more money you borrow the happier they are. Most shops are finance company in disguise , they are not your friend.

[Jehuty]

Bike shop dun care what is the COE level, unless you are saying the customer must pay for COE ($4K++) + down payment then can roll out the bike. The more money you borrow the happier they are. Most shops are finance company in disguise , they are not your friend.

 

No business is your friend. You got a point there though, leeching off the interests rates.

[bigbike_lee]

Prices fluctuation are a direct result from supply and demand. The gahment role in it is to reduce the supply in the COE case. However, if the demand is not high, the prices won't increase much too. Currently, the bike market in SG is maturing as we can see more expensive machines on the road compared to 10yrs ago. High end brands like Ducati, BMW are launching new models in SG too, why? It is costly to sell them because of the support they need to provide and high sales is req sustain the market, no one wanna sell a 50k bike and train techs to service them if there is like 1 sale only. Clearly, even bikes sales are targeted at leisure/performance orientated customers just like now COE for cars are at 70+k and most sales are for brands like BMW and Mercs.

 

However, for us commoners, there is always a booming used bike market as most leisure owners offen sell after 2-3yrs with low mileage at much lower price. Like now there is this 2yr old Ducati 848EVO@5k mileage going for 24k, new is 34k. The only downside is cl2b may suffer as the OMV of such bikes are often 5-8k new and COE at 4k is like almost 50-80%.

 

What COE does is to let us compete with rich owners but we still stand to gain from second market as there are more and more exotic brands available. Seriously, new bikes depreciate the moment you push out of the shop. And sadly, it prevents me from owning a new bike now..

 

 

 

 

If those so-called the "talents" by themselves can verify that Motorbike COE able classified to 4 categories :

 

 

1) 200cc below

 

2) 200cc to 400cc

 

3) 400cc above

 

4) Electrical / Hybrid Bike

[Demon]

If those so-called the "talents" by themselves can verify that Motorbike COE able classified to 4 categories :

 

 

1) 200cc below

 

2) 200cc to 400cc

 

3) 400cc above

 

4) Electrical / Hybrid Bike

 

I don't think by sub dividing will help. Apportioning the quotas may create a drastic rise in certain sub categories, and prospective 2b bike owners may lose out most.

 

It's our mentality that makes Coe prices so expensive so don't blame anyone.

 

If bids are rational, then Coe and PQP will be keep affordable and less people will scrap their bikes. Every 4 scrapped bikes, on 3 will be put back to the quota. If every bikers want their CB400X, then we are screwing ourselves till thy kingdom come.

[keyxblade]

I don't think by sub dividing will help. Apportioning the quotas may create a drastic rise in certain sub categories, and prospective 2b bike owners may lose out most.

 

It's our mentality that makes Coe prices so expensive so don't blame anyone.

 

If bids are rational, then Coe and PQP will be keep affordable and less people will scrap their bikes. Every 4 scrapped bikes, on 3 will be put back to the quota. If every bikers want their CB400X, then we are screwing ourselves till thy kingdom come.

 

If more ppl renew their COE then there will be less quota for new bikes, so bike shop will bid more for new bikes isn't it?

[vespaboy]

Its gone up to 4489... Will it go higher? I think so. How to stop this? Make buyers bid their own coe and pay what they bid? So if you bid 10k and the winning bid is at 5k...you pay 10k but your coe value is pegged at the winning bid ie 5k...i think this will make people really think twice..before putting in silly bids....haha!