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COE quota up 8.2% for Feb to April period
The Straits Times
|January 17, 2025
1,299 more certificates to be available for tender, with first injection of extra COEs
There will be 1,299 more certificates of entitlement (COEs) available for tender in the February to April period than in the preceding three months, marking an increase of 8.2 per cent.
In all, 17,133 certificates will be available for bidding, the Land Transport Authority (LTA) announced on Jan 16. This is up from the 15,834 COEs that were available for the November 2024 to January 2025 period.
February to April is the first quota period during which LTA is injecting extra COEs, on top of the supply derived in part from deregistrations in 2024 and certificates being brought forward from guaranteed deregistrations in the next projected supply peak.
At present, the main determinant of the number of certificates available for bidding is the number of vehicles taken off the road in the previous four quarters.
In the upcoming quota period, the number of COEs brought forward and the additional certificates injected will add up to 4,201 across the car and motorcycle categories.
This story is from the January 17, 2025 edition of The Straits Times.
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