The Land Transport Authority (LTA) has announced that there will be 15,283 Certificates of Entitlement (COEs) made available for the upcoming three-month period from August to October. This represents a 1.2 per cent increase from the preceding three-month period of May to July where 15,104 COEs were made available.
July 24, 2024 8:50 AMThe Land Transport Authority has announced that there will be 15,283 Certificates of Entitlement made available for the upcoming three-month period from August to October. This represents a 1.2 per cent increase from the preceding three-month period of May to July where 15,104 COEs were made available.
Cat C, which are for goods vehicles and buses, will see the biggest rise in quota for August to October in percentage terms, with an increase of 5.4 per cent to 1,299 COEs available, 67 more than the previous three-month period. The main factor in calculating COE supply is the average monthly number of vehicles that are deregistered over a rolling four-quarter period. However, since last year, the LTA has also been redistributing COEs that have been due to expire in the coming peak supply period, projected to be between now and 2029, in order to reduce the volatility in prices.
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