Monthly COEs to rise 12.5% in upcoming quarter

Singapore

THERE will be more certificates of entitlement (COEs) for the next three-month quota period starting from August - something which motor industry player say will keep premiums stable.

In its latest quarterly announcement, the Land Transport Authority said yesterday that there will be 9,225 COEs a month from August to October - up 12.5 per cent from the current monthly supply of 8,202.

Car buyers will have 6,912 COEs a month, or 5.7 per cent more than now. The number includes Open COEs,…