COE analysis February 2nd round

This round COE changed crazily! Cat A down $6,289 to give $5,200 and Cat B slides $6,150 to give S$6,002. Insiders expressed shocked. Many feel that maybe it is due to the short duration from the last bidding and also lately of chinese new year. Many has no time to buy cars. Some dealers even feel that due to the rising property, people invested their money into housing instead. One also explained that some does not know the date of the new bidding. Whatever the case is, it dropped to $5k region which I always feel it will hit. Finally, it has arrived, But dun be too happy cos it will not for long. I think many people will rush in and COE price will rebound and up above $10k as dealers loses too much money this round. Haha!