Cat A quota in the whole of 2013 is only 8,534.
We are only the 5th bidding round into 2016 and Cat A quota released so far this year (9,438) has already surpassed the entire quota of 2013.
Yo-yo COE supply is causing this price instability. In 2013, the average price of Cat A COE was $74,690. In 2015, this further declined to $60,601. Now in 2016, the average price so far is $46,191 (a drop of almost 40% compared to 2013).
See http://coe.sgcharts.com/ for the historical value of COE prices in Singapore.
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