COE supply to drop 11% for Feb-April: sgCarMart

Singapore

THERE will be 11 per cent fewer certificates of entitlements (COEs) issued for passenger cars in the upcoming February-to-April 2021 quota period, showed predictions from Singapore-based car marketplace sgCarMart (SGCM).

This estimate is extrapolated from the lower passenger car deregistration numbers released by the Land Transport Authority (LTA) in October this year - which fell by about 2 per cent from the previous month.