COE quota rises 6.4% to 18,232 for May-July period

There will be 1,099 – or 6.4 per cent – more certificates of entitlement (COEs) available for tender from May to July, compared with the February to April period.

- Esther Loi

In total, 18,232 certificates will be available for bidding, the Land Transport Authority (LTA) said on April 16. This is up from the 17,133 COEs that were available from February to April.

The increase in quota from May to July is partly due to vehicle deregistrations during the period from April 2024 to March 2025 and provisions for 0.25 per cent yearly growth in commercial vehicle (Category C) COEs based on the category's vehicle population as at Dec 31, 2024.

It also consists of adjustments for changes in the taxi population, expired COEs, commercial vehicles undergoing the Early Turnover Scheme, redistribution from guaranteed deregistrations for Category A (smaller cars), Category B (larger cars) and Category D (motorcycles) COEs, as well as the injection of additional COEs.

This will be the second quota period in which LTA will be injecting additional COEs, on top of those brought forward from guaranteed deregistrations in the next projected supply peak.

These quota increases are part of LTA's move to inject up to 20,000 additional COEs progressively over the next few years from February.