COE quota up 3.6% to 15,834 for November to January period

But industry experts say supply increase is minimal, unlikely to bring down premiums

- Lee Nian Tjoe

The number of certificates of entitlement (COEs) available for bidding between November 2024 and January 2025 will rise to 15,834 – 3.6 per cent more than the 15,283 available from August to October.

The Land Transport Authority (LTA) said in a statement on Oct 4 that there will be 6,190 Category A COEs, meant for smaller and less powerful cars and electric vehicles (EVs), available for bidding in the three months from November.

Compared with 5,864 pieces between August and October, this is an increase of 5.6 per cent, and translates to 54 more Category A COEs at each tender exercise. COEs give people the right to own a vehicle in Singapore.

For Category B COEs, meant for larger and more powerful cars and EVs, the supply in the new three-month period is 4,060 – 2 per cent higher than the current 3,980 pieces. The Open category (Category E) COE supply will go up by 3.6 per cent, from the current 1,035 certificates to 1,072.