COE quota to expand 5.3%, growth rate cut
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THE good news on certificates of entitlement (COE) is that supply will rise slightly from November, but the bad news is that the annual vehicle growth rate will be halved from February. In line with the latter, the contribution rate to the open category, Cat E, will also be cut.
From November 2014 to January 2015, the COE quota will be up 5.3 per cent to 11,932, with the additional 601 COEs benefiting mainly the small car, big car and open categories.
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