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The LTA has announced that the COE supply will climb upwards for the upcoming quarter from May to July 2024.
The Land Transport Authority announced that car buyers will have fewer Certificates of Entitlement to contend for in the next three months.
The vehicle Certificate of Entitlement quota for May to July will shrink by 4%, the second quota where the zero-growth policy has been applied.
The Land Transport Authority has announced that the Certificate of Entitlement quota for the period from May 2017 to July 2017 will be 31,708.
The COE supply from May to July is set to increase by 15 percent from the previous three-month quota period, which should drive car prices down.
The number of Certificates of Entitlement per month has expanded by 41 percent to 6,637 in the quota from May to July 2015.