COE quota for August-October period inches up 1.2% to 15.283

Vehicle dealers expect upward pressure on premiums amid continued pent-up demand

- Kok Yufeng

The number of certificates of entitlement (COEs) available for bidding from August to October will rise to 15,283, a 1.2 per cent increase from the 15,104 certificates available between May and July.

The Land Transport Authority (LTA) said on July 23 that there will be 5,864 Category A COES for the next three months, 1.5 per cent more than the 5,775 available from May to July. These COES are used to register smaller, less powerful cars and electric vehicles (EVs).

For Category B, meant for larger, more powerful cars and EVs, there will be 3,980 certificates from August to October, 36 more than the current three-month period.

The quota for commercial vehicles (Category C) will rise by 5.4 per cent to 1,299. This is 67 more than the 1,232 commercial vehicle COES available for bidding from May to July.

The commercial vehicle category is the only one where the population is allowed to grow, but only at a rate of 0.25 per cent yearly.