May-July COE quota to drop 4%

THERE will be fewer Certificate of Entitlements (COEs) to bid for the coming three months with the overall vehicle COE pool shrinking by 4 per cent.

This is the second quota where a zero per cent growth policy has been applied by the government.

The Land Transport Authority (LTA) in a statement on Thursday said that there will be 24,614 COEs available from May to July - from the previous quarter of 25,632.