LTA introduces one-time adjustment to COE quotas for categories A and B in response to record high premium
The Land Transport Authority (LTA) has announced a one-time adjustment to reduce supply volatility of Certificate of Entitlement (COE) quotas for Categories A and B vehicles.
Category A will see a 24% increase, while Category B will see a 15% increase for the remaining five bidding exercises this quarter.
This move aims to lessen supply volatility, though it will not eliminate it. The long-term upward trend of COE prices due to rising incomes and zero vehicle population growth will persist.
