October 2013, 2nd Tender
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COE Results October 2013, 2nd Tender
COE Results October 2013, 1st Tender
October 2013, 1st Tender
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COE Results September 2013, 2nd Tender
September 2013, 2nd Tender
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Engine Power Criterion To Be Added in COE Category A Cars From Feb 2014
From February next year, a cap on engine power will be imposed on cars under Category A of the Certificate of Entitlement (COE) system to “better ensure some element of social equity in car ownership”, the Land Transport Authority (LTA) announced yesterday.
Under the new categorisation, any cars that fall under Cat A with an engine capacity of not more than 1,600c must also have an engine power that is not exceeding 97 kilowatts — or the equivalent of 130 horsepower. This change will only be effective for cars registered from the February 2014 open bidding exercise to give time for car buyers and the industry enough time to adjust to the change.
The change will mean that nearly 50% of today’s mass market cars would be reclassified as premium models, or fall under the COE Category B (for cars with 1,600 cc and above)
Toyota Recalls 370,000 Vehicles Worldwide
Recall Summary
Japanese car giant Toyota Motor said Thursday it was recalling some 370,000 vehicles worldwide over glitches that could cause them to stop mid-journey.
The world’s biggest auto maker said around 170,000 units were being recalled because bolts pinning a valve control system inside the engine could become loose.
In the worst case scenario, the glitch could stop the engine, it added.
The recall affects Crown, Mark X, and various Lexus models built in Japan between July 2005 and July 2011, a spokeswoman said.
COE Results September 2013, 1st Tender
September 2013, 1st Tender
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COE Results August 2013, 2nd Tender
August 2013, 2nd Tender
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COE Results August 2013, 1st Tender
August 2013, 1st Tender
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COE Results July 2013, 2nd Tender
July 2013, 2nd Tender
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COE Results June 2013, 2nd Tender
June 2013, 2nd Tender
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LTA Looking To Impose A Surchage For Second Car Onwards
For individuals in Singapore who wish to buy more than one car in Singapore may need to shell out more cash on top of their Certificate of Entitlement (COE). This is what Transport Minister Lui Tuck Yew said to the reporters during a visit of the Marina Coastal Expressway project site last Thursday. According to him, this move will distribute car ownership more evenly, given the limited COE supply.
Another areas that will be looked into improving the current COE policy is the better classifications of mass market vs high end models and reclassification of categories which will be factored by engine power.
Car Depreciation Will Be Factored Into Loan Value
The Monetary Authority of Singapore (MAS) will take into account depreciation calculating the open market value (OMV) of a used motor vehicle to determine the loan-to-value (LTV) ratio for car loans.
“MAS will adopt a straight-line depreciation in the value of the original OMV over 120 months to derive an applicable OMV for purpose of determining the appropriate LTV ratio,” MAS said in a press release.
It was said that the move is in response to feedback that the OMV listed in the original vehicle registration documents does not reflect the depreciated value of a used vehicle.
