Car COE supply to grow by 11.6 percent for February to April quota period
19 Jan 2017|5,430 views
There will be more Certificates of Entitlement (COEs) for the February to April quota period. The Land Transport Authority announced Thursday (19th January) morning that there will be on average 8,795 COEs available each month during the period, up 8.9 percent from the current period.
For car buyers and sellers, the increase is slightly sharper at 11.6 percent, with the number of COEs (including the Open category) available per month going from 6,973 to 7,781. The bigger supply comes on the back of more vehicles getting taken off the road in the preceding three months. Market observers expect the bigger supply, coupled with a weakening economy, to send premiums south.
There will be more Certificates of Entitlement (COEs) for the February to April quota period. The Land Transport Authority announced Thursday (19th January) morning that there will be on average 8,795 COEs available each month during the period, up 8.9 percent from the current period.
For car buyers and sellers, the increase is slightly sharper at 11.6 percent, with the number of COEs (including the Open category) available per month going from 6,973 to 7,781. The bigger supply comes on the back of more vehicles getting taken off the road in the preceding three months. Market observers expect the bigger supply, coupled with a weakening economy, to send premiums south.
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