COE supply for Aug-Oct to shrink significantly

Singapore

VEHICLE buyers will be in for a sizeably smaller supply of certificates of entitlement (COEs) for the August-October quota period, in line with a record number of motorists who have extended the lifespan of their old cars this year.

The quota, which is determined largely by the number of cars taken off the road in the preceding three months, will shrink by 16.5 per cent to 4,904 a month for cars.