The Land Transport Authority has announced that the Certificate of Entitlement (COE) quota for May 2017 to July 2017 will be 31,708. Bidding under this quota will start with the first COE bidding exercise in May 2017. As announced at Budget 2017, Cat D (Motorcycles) will no longer contribute COEs to Cat E (Open Category); with effect from the first COE bidding exercise in May 2017.
The COE quota consists of the following components - Provision for 0.25 percent per annum vehicle growth based on the vehicle population as at 31st December 2016; replacement COEs from vehicles deregistered in the preceding three-month period of January to March 2017; adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme, and expired COEs.
Specifically, there is a significant increase in the number of Cat C (Goods Vehicles and Buses) COEs for this quarter, due to the large number of deregistrations in the preceding quarter. This clustering was due to the large number of Cat C COEs that were renewed in 2007 due to a shortage in the supply of new Euro 4 diesel goods vehicles. The next quota announcement for the bidding period of August 2017 to October 2017 will be made in July 2017. More details of the quota for each vehicle category can be found at the LTA website.
