Singapore
LTA announces 3.6% increase in COE quota to 15,834 for November 2024 to January 2025
The Land Transport Authority has announced a 3.6% increase in Certificates of Entitlement (COEs) for the period from November 2024 to January 2025. The new total will be 15,834, including more COEs for smaller cars, larger vehicles, and commercial use, along with a redistribution from deregistrations to enhance supply.
SINGAPORE: The Land Transport Authority (LTA) announced on Friday (4 October) that the number of Certificates of Entitlement (COEs) available for bidding between November 2024 and January 2025 will rise to 15,834.
This represents a 3.6 per cent increase from the 15,283 available in the current bidding period from August to October.
In the upcoming three months, there will be 6,190 Category A COEs, which are designated for smaller and less powerful cars, as well as electric vehicles (EVs).
This is a notable increase of 5.6 per cent from the 5,864 pieces available in the previous period, translating to 54 more Category A COEs at each tender exercise.
Category B COEs, meant for larger and more powerful cars and EVs, will see their supply rise to 4,060 – a 2 per cent increase from the current 3,980 pieces.
The supply of Open category (Category E) COEs will also increase by 3.6 per cent, going from 1,035 certificates to 1,072.
When combined, the supply of Category B and E COEs represents a total increase of 2.3 per cent, amounting to 117 additional certificates compared to the previous three-month period.
Additionally, the supply of commercial vehicle (Category C) COEs will climb by 8.3 per cent to 1,407 pieces, up from 1,299. This results in an increase of 18 more COEs at each tender exercise. Meanwhile, the number of COEs for motorcycles (Category D) remains unchanged at 3,105 pieces.
The announced COE supply also factors in 3,315 certificates that have been redistributed from identified guaranteed deregistrations.
This includes 1,390 Category A COEs, 1,060 Category B certificates, and 865 motorcycle COEs.
This redistribution practice, initiated from the second tender exercise of May 2023, allows COEs set to expire in the next projected supply peak to be brought forward for allocation.
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