SINGAPORE - There will be fewer certificates of entitlement (COE) for the next three months starting from February.
The Land Transport Authority said on Thursday (Jan 24) the supply of Category A COEs (cars up to 1,600cc and 130bhp) will shrink by 9.1 per cent to 3,300 a month.
Category B (cars above 1,600cc or 130bhp) will have 2.9 per cent fewer certificates at 2,399 a month.
Open category (for all vehicles except motorcycles but which ends up mostly for bigger cars) will have 26.4 per cent fewer COEs at 794 a month.
In all, car buyers and sellers will see their collective supply (including Open) shrink by 9.6 per cent to 6,493 pieces a month. Those buying or selling bigger models will see a bigger shrinkage of 10.1 per cent.
Commercial vehicle buyers and sellers will have 7.6 per cent fewer COEs at 608 per month. And motorcyclists will see a 25.2 per cent plunge in their COE supply to 1,651 pieces a month.
In total, the monthly supply is 12.9 per cent smaller than the November-January quota at 8,752.
Although some motor traders baulk at the prospect of a smaller quota, Mr Ron Lim, head of sales and marketing at Nissan agent Tan Chong Motor, said its impact on car prices may not be significant.
“Category A is now basically back to what it was in the August-October 2018,” he said. “Back then, COE at its lowest was $25,556.
“So, unless buying sentiment picks up strongly, I doubt Cat A COE will see much fluctuation.”
But Mr Lim noted that the impact on those who buy and sell bigger cars may be more significant, as the shrinkage in their pool was “more than expected” – mainly because of the 26.4 per cent plunge in the Open quota.
Even so, “a lot depends on whether demand can be sustained, especially whether Gojek’s buying is over”, he said, referring to the new private-hire firm’s arrival fuelling demand for cars.
“If Gojek buying is over, then again we might not see much fluctuation in Cat B and Open category prices,” Mr Lim added.
The trade is likely to gauge how customers react to news of the reduced quota before adjusting car prices, but Mr Lim said “based on past experience, especially during the Chinese New Year tender period”, most customers will not rush in.
“Fundamental buying sentiment still remains relatively weak,” he noted, adding that it will be this, rather than COE supply numbers, which will have a bigger impact on prices.
Industry observers said Gojek is looking to build up an initial fleet of 2,000 cars. Even if they stagger buying over five or 10 months, it will exert upward pressure on COE premiums.
Thursday, January 24, 2019
Monday, January 21, 2019
LG to supply gesture-reading system for Mercedes-Benz
[SEOUL] LG Electronics Co. is the supplier for a Daimler AG Mercedes-Benz model that will feature a motion-detection system that can read a driver's gestures in order to control some automobile functions, people with knowledge of the matter said.
A camera installed in the car ceiling will read the driver's hand gestures, letting them control tasks such as turning on cruise control and adjusting music volume. Ultimately, LG envisions a system that can perform more complex functions such as shifting gears, said the people, asking not to be identified because the information isn't yet public.
BMW has already deployed a similar system in its 7 Series sedans, using technology from Softkinetic Systems, which was later bought by Sony Corp. LG already has a deal with Mercedes for a camera system that can tell if the driver is drowsy. A Jan. 8 news release by Mercedes-Benz from CES in Las Vegas showcased a new feature called MBUX Interior Assist, which lets occupants of the Mercedes-Benz CLA Coupe control functions with gestures.
The ability to detect pedestrians and read traffic signs has also been deployed by several automakers; such advanced driver assistance systems are building blocks for fully autonomous vehicles that can fundamentally change the way people ride in cars in the future. LG is also working on a driver-assistance system, which it aims to supply to Daimler later this year or in early 2020. Delivery was initially set for later this year, but was being delayed because the South Korean company had trouble acquiring the necessary chips, one of the people said.
Representatives for LG and Daimler declined to comment.
LG is a member of a South Korean conglomerate that's been stepping up efforts to supply auto components, from electronic batteries to digital dashboards. LG competes with Intel Corp.'s Mobileye and Harman, a unit of Samsung Electronics Co., in the driver-assistance market, which is expected to expand to US$67 billion by 2025 according to Grand View Research.
The Seoul-based company is seeking new sources of profit as its mobile phone and consumer electronics sales shrink in saturated markets. LG said earlier this month that its fourth-quarter operating profit fell 80 per cent to 75.3 billion won, compared with the 389 billion won average analyst estimate compiled by Bloomberg.
A camera installed in the car ceiling will read the driver's hand gestures, letting them control tasks such as turning on cruise control and adjusting music volume. Ultimately, LG envisions a system that can perform more complex functions such as shifting gears, said the people, asking not to be identified because the information isn't yet public.
BMW has already deployed a similar system in its 7 Series sedans, using technology from Softkinetic Systems, which was later bought by Sony Corp. LG already has a deal with Mercedes for a camera system that can tell if the driver is drowsy. A Jan. 8 news release by Mercedes-Benz from CES in Las Vegas showcased a new feature called MBUX Interior Assist, which lets occupants of the Mercedes-Benz CLA Coupe control functions with gestures.
The ability to detect pedestrians and read traffic signs has also been deployed by several automakers; such advanced driver assistance systems are building blocks for fully autonomous vehicles that can fundamentally change the way people ride in cars in the future. LG is also working on a driver-assistance system, which it aims to supply to Daimler later this year or in early 2020. Delivery was initially set for later this year, but was being delayed because the South Korean company had trouble acquiring the necessary chips, one of the people said.
Representatives for LG and Daimler declined to comment.
LG is a member of a South Korean conglomerate that's been stepping up efforts to supply auto components, from electronic batteries to digital dashboards. LG competes with Intel Corp.'s Mobileye and Harman, a unit of Samsung Electronics Co., in the driver-assistance market, which is expected to expand to US$67 billion by 2025 according to Grand View Research.
The Seoul-based company is seeking new sources of profit as its mobile phone and consumer electronics sales shrink in saturated markets. LG said earlier this month that its fourth-quarter operating profit fell 80 per cent to 75.3 billion won, compared with the 389 billion won average analyst estimate compiled by Bloomberg.
Tuesday, January 15, 2019
Parc Esta
Project Name Parc Esta
Type Apartment / Condo
Address 828 Sims Avenue
Site Area 376,712
PROJECT INFO
PROJECT : PARC ESTA
DEVELOPER : MCL LAND
LOCATION : SIMS AVENUE AND CHANGI ROAD
DISTRICT : 14
TENURE : 99 YEARS LEASEHOLD
TOP : -
SITE AREA : 376,712 SQFT
UNIT MIX : 1399 UNITS
Developer MCL Land
Development Parc Esta
TOP Est 2023
Tenure 99 Years
No. Of Units 1399 Units
Type Apartment / Condo
Address 828 Sims Avenue
Site Area 376,712
PROJECT INFO
PROJECT : PARC ESTA
DEVELOPER : MCL LAND
LOCATION : SIMS AVENUE AND CHANGI ROAD
DISTRICT : 14
TENURE : 99 YEARS LEASEHOLD
TOP : -
SITE AREA : 376,712 SQFT
UNIT MIX : 1399 UNITS
Developer MCL Land
Development Parc Esta
TOP Est 2023
Tenure 99 Years
No. Of Units 1399 Units
Saturday, January 5, 2019
A stretched Mercedes SUV is just what the Chinese market ordered
The Mercedes GLC-Class L is joining the growing list of long-wheelbase SUVs that will be offered in the Chinese market. The extended SUV stretches almost five inches longer than its standard counterpart. Its size and the extra space provided by that size is the only thing different with the GLC-Class L. Everything else is identical to the normal length GLC-Class, right down to its exterior looks and interior layout. The Mercedes GLC-Class L debuts at the Guangzhou International Automobile Exhibition in November.
It’s like looking at the standard model with a little extra length. There are no changes to the front end of the extended-wheelbase version of the compact SUV. That’s not necessarily a bad thing because even if the GLC-Class is a few years old, the long-wheelbase version still comes with a fresh and modern look. The chrome front grille is still there. The sporty intakes are still there. Even the thin lip spoiler makes an appearance on the GLC-Class L. You’ll notice, too, that the panels are cut the same way compared to the standard GLC.
The obvious takeaway is that the GLC L is longer than the standard GLC. Take it by the numbers, and that length stretches to 187.6 inches (15.63 feet). That’s almost five inches longer than the standard GLC, which boasts a length of 183 inches (15.25 feet). The stretched SUV also sits on a stretched wheelbase that reaches 117.04 inches (9.75 feet), almost four inches longer than the 113.1-inch (9.42 feet) wheelbase of the standard GLC Class. You’ll notice the difference in size between the two models when you see the rear doors of the GLC-Class L. They’re significantly longer than the ones found on the standard GLC-Class.
The Mercedes GLC-Class L also measures 74.7 inches (6.23 feet) wide and 64.8 inches (5.4 feet) high. For reference, GLC-Class L is almost an inch wider but is just as tall as the standard GLC.
Outside of the extra space, the interior of the Mercedes GLC-Class L is also a carbon copy of the standard GLC. Mercedes didn’t elaborate on the standard features — that’s likely coming when the long-wheelbase SUV debuts next month — but expect the model to include dual-zone automatic climate control, an infotainment system with a seven-inch display screen, Bluetooth, HD Radio, and a couple of USB ports. A lineup of buttons in the center stack, the touchpad controller mounted in between the front seats, and the controls on the steering wheel are all used in their respective functions to control the SUV’s interior systems.
Other possible optional bits and pieces include a cabin fragrance system, a cabin air purification system, navigation, satellite radio, a Wi-Fi hotspot, Apple CarPlay, Android Auto, and a 14-speaker Burmester premium surround sound system.
Space is the biggest difference between the standard GLC-Class and the GLC-Class L. Even though Mercedes didn’t announce the actual numbers, the photos reveal the stark difference in the rear space, particularly in the legroom department. The standard GLC-Class sits five people comfortably, and while the GLC-Class L sits the same number of people, those sitting in the back will have far more space to stretch their legs.
The GLC-Class L’s cargo space has also not been identified. For the record, though, the standard GLC-Class has 17 cubic feet of cargo space when all the seats are upright. Fold the rear seats and that space stretches to a voluminous 56 cubic feet of room.
Whatever the numbers are, the GLC-Class L provides far more comfort for its occupants. That much is certain by virtue of its size.
Just like the Mercedes GLC-Class, the long-wheelbase version of the SUV comes with three different states of tune of the same 2.0-liter turbocharged four-cylinder engine. The GLC 200 L 4Matic’s four-cylinder engine produces 184 horsepower while the GLC 250 L 4Matic’s four-banger engine produces 208 horsepower.
The range-topping GLC 300 L 4Matic’s four-cylinder engine produces 241 horsepower and 273 pound-feet of torque. In the standard GLC, those numbers are good enough to help the SUV sprint from 0 to 60 mph in around 6.7 seconds.
A 0-to-60-mph sprint is possible in around 6.8 seconds to 7.0 seconds.
A nine-speed 9GTronic automatic transmission comes standard across the entire GLC-Class L range. Likewise, all versions of the long-wheelbase SUV are fitted with Mercedes’ 4Matic all-wheel-drive system. Mercedes didn’t mention the SUV limo’s fuel efficiency ratings. It’s possible, though, that the GLC-Class L’s rating sits somewhere in the same vicinity as the standard model. If that’s the case, look for the GLC Class L to return 22 mpg in the city and 28 mpg at the highway.
The standard Mercedes GLC-Class delivers an impressive ride on most road surfaces, thanks in part to a clinically developed suspension unit that can adjust to road conditions. While the extended-wheelbase version carries a lot of the same genes as the standard GLC-Class, it’s unfair to expect similar driving dynamics, especially when you consider the extra length and subsequent extra weight the GLC-Class L is carrying. Don’t expect a huge drop-off, though. If anything, the GLC-Class L is slightly more of a challenge to drive.
2019 MERCEDES-BENZ GLC-CLASS L PRICING
Those who are interested in buying the Mercedes GLC-Class L will reportedly have to spend an extra RMB10,000 — that converts to around $1,450 — to the price of the standard Mercedes GLC-Class. The base GLC 200 4Matic starts at RMB396,000, which converts to a little over $57,000. Do the math, and you’re looking at a starting price for the G-Class L that adds up to RMB406,000. That’s about $58,520 based on current exchange rates.
Opt for the top-of-the-line GLC 300 4Matic, and it’s starting price of RMB579,000 — converts to about $83,460 — and you’re looking at a total price of RMB 589,000, which computes to just a sniff under $85,000. Obviously, these prices are all but certain to go up in the event you throw in some optional accessories and packages, of which the GLC-Class L presumably has many of.
Mercedes Singapore News
It’s like looking at the standard model with a little extra length. There are no changes to the front end of the extended-wheelbase version of the compact SUV. That’s not necessarily a bad thing because even if the GLC-Class is a few years old, the long-wheelbase version still comes with a fresh and modern look. The chrome front grille is still there. The sporty intakes are still there. Even the thin lip spoiler makes an appearance on the GLC-Class L. You’ll notice, too, that the panels are cut the same way compared to the standard GLC.
The obvious takeaway is that the GLC L is longer than the standard GLC. Take it by the numbers, and that length stretches to 187.6 inches (15.63 feet). That’s almost five inches longer than the standard GLC, which boasts a length of 183 inches (15.25 feet). The stretched SUV also sits on a stretched wheelbase that reaches 117.04 inches (9.75 feet), almost four inches longer than the 113.1-inch (9.42 feet) wheelbase of the standard GLC Class. You’ll notice the difference in size between the two models when you see the rear doors of the GLC-Class L. They’re significantly longer than the ones found on the standard GLC-Class.
The Mercedes GLC-Class L also measures 74.7 inches (6.23 feet) wide and 64.8 inches (5.4 feet) high. For reference, GLC-Class L is almost an inch wider but is just as tall as the standard GLC.
Outside of the extra space, the interior of the Mercedes GLC-Class L is also a carbon copy of the standard GLC. Mercedes didn’t elaborate on the standard features — that’s likely coming when the long-wheelbase SUV debuts next month — but expect the model to include dual-zone automatic climate control, an infotainment system with a seven-inch display screen, Bluetooth, HD Radio, and a couple of USB ports. A lineup of buttons in the center stack, the touchpad controller mounted in between the front seats, and the controls on the steering wheel are all used in their respective functions to control the SUV’s interior systems.
Other possible optional bits and pieces include a cabin fragrance system, a cabin air purification system, navigation, satellite radio, a Wi-Fi hotspot, Apple CarPlay, Android Auto, and a 14-speaker Burmester premium surround sound system.
Space is the biggest difference between the standard GLC-Class and the GLC-Class L. Even though Mercedes didn’t announce the actual numbers, the photos reveal the stark difference in the rear space, particularly in the legroom department. The standard GLC-Class sits five people comfortably, and while the GLC-Class L sits the same number of people, those sitting in the back will have far more space to stretch their legs.
The GLC-Class L’s cargo space has also not been identified. For the record, though, the standard GLC-Class has 17 cubic feet of cargo space when all the seats are upright. Fold the rear seats and that space stretches to a voluminous 56 cubic feet of room.
Whatever the numbers are, the GLC-Class L provides far more comfort for its occupants. That much is certain by virtue of its size.
Just like the Mercedes GLC-Class, the long-wheelbase version of the SUV comes with three different states of tune of the same 2.0-liter turbocharged four-cylinder engine. The GLC 200 L 4Matic’s four-cylinder engine produces 184 horsepower while the GLC 250 L 4Matic’s four-banger engine produces 208 horsepower.
The range-topping GLC 300 L 4Matic’s four-cylinder engine produces 241 horsepower and 273 pound-feet of torque. In the standard GLC, those numbers are good enough to help the SUV sprint from 0 to 60 mph in around 6.7 seconds.
A 0-to-60-mph sprint is possible in around 6.8 seconds to 7.0 seconds.
A nine-speed 9GTronic automatic transmission comes standard across the entire GLC-Class L range. Likewise, all versions of the long-wheelbase SUV are fitted with Mercedes’ 4Matic all-wheel-drive system. Mercedes didn’t mention the SUV limo’s fuel efficiency ratings. It’s possible, though, that the GLC-Class L’s rating sits somewhere in the same vicinity as the standard model. If that’s the case, look for the GLC Class L to return 22 mpg in the city and 28 mpg at the highway.
The standard Mercedes GLC-Class delivers an impressive ride on most road surfaces, thanks in part to a clinically developed suspension unit that can adjust to road conditions. While the extended-wheelbase version carries a lot of the same genes as the standard GLC-Class, it’s unfair to expect similar driving dynamics, especially when you consider the extra length and subsequent extra weight the GLC-Class L is carrying. Don’t expect a huge drop-off, though. If anything, the GLC-Class L is slightly more of a challenge to drive.
2019 MERCEDES-BENZ GLC-CLASS L PRICING
Those who are interested in buying the Mercedes GLC-Class L will reportedly have to spend an extra RMB10,000 — that converts to around $1,450 — to the price of the standard Mercedes GLC-Class. The base GLC 200 4Matic starts at RMB396,000, which converts to a little over $57,000. Do the math, and you’re looking at a starting price for the G-Class L that adds up to RMB406,000. That’s about $58,520 based on current exchange rates.
Opt for the top-of-the-line GLC 300 4Matic, and it’s starting price of RMB579,000 — converts to about $83,460 — and you’re looking at a total price of RMB 589,000, which computes to just a sniff under $85,000. Obviously, these prices are all but certain to go up in the event you throw in some optional accessories and packages, of which the GLC-Class L presumably has many of.
Mercedes Singapore News
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