You are here

Fewer COEs in Feb-April quota

Cars_COE_ST.jpg
The quota for commercial vehicle COE will have the sharpest drop of 30.5 per cent, from an average of 735 COEs per month to 511 COEs.

[SINGAPORE] There will be 12.8 per cent fewer certificates of entitlement (COEs) for car buyers and sellers in the next three-month quota period starting February.

In its quarterly announcement, the Land Transport Authority said there will be an average of 4,241 car COEs per month from February to April - down from 4,865 in the current quota.

The figures are the sum of COEs in Category A (cars up to 1,600cc and 130bhp), Category B (cars above 1,600cc or 130bhp) and Open, which can be used for any vehicle type except motorcycles, but which ends up mostly for bigger cars.

The quota for commercial vehicle COE will have the sharpest drop of 30.5 per cent, from an average of 735 COEs per month to 511 COEs.

Motorcycle COE supply will grow by 3.2 per cent to 1,083 a month.

Your feedback is important to us

Tell us what you think. Email us at btuserfeedback@sph.com.sg

In all, there will be 5,835 COEs - 12.2 per cent fewer than the 6,649 available currently.

Fewer COEs almost always lead to higher premiums. But over the longer term this year, observers said the uncertain economic outlook is likely to temper prices.

THE STRAITS TIMES

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes