COE quota to rise from August to October
SINGAPORE – Despite a zero growth policy for the car population, there will be more Certificates of Entitlement (COE) to bid for in the next three months, with the supply going up by 12.5 per cent.
In a media release on Thursday (July 12), the Land Transport Authority (LTA) announced that the COE quota for August to October will be 27,683 — an average of 9,225 a month.
That is a jump from the 24,614 COEs available from May to July, and the first time the quota has increased since the zero growth policy was applied in February.
Category A (Up to 1,600cc and maximum power output not exceeding 97kW) will see the biggest jump with a quota of 3,328 as compared to 2,867 from the previous period.
COEs for motorcycles will also see a spike from 1,053 in May to July to 1,639.
Among other things, the quota consists of replacement COEs from vehicles deregistered between April and June 2018. A total of 27,898 vehicles were deregistered during that period, including 11,080 small cars and 8,413 bigger cars.
In comparison, 24,133 vehicles were deregistered between January and March, including 9,546 small cars and 8,525 bigger cars.
Source: Today Online