Car COE average monthly quota to shrink by 3.5% from February

Singapore

THERE will be fewer Certificates of Entitlement (COEs) available for car buyers from February, with the car quota shrinking 3.5 per cent to a monthly average of 5,894 - down from 6,108.

Overall, the COE supply will fall from 8,635 a month currently to 8,544 - due primarily to the fall in supply for the small-car category, for cars up to 1,600cc and 130bhp.