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SINGAPORE: The Certificate of Entitlement (COE) quota for the May to July period will go up slightly to 19,052, a 1.2 per cent increase from the previous three-month period, the Land Transport Authority (LTA) said on Friday (Apr 24).\u00a0<\/p>\n
A total of 18,824 COEs were made available for the February to April period.<\/p>\n
Bidding under the new quota will start on May 4.<\/p>\n
The increase is driven by a rise in Category B quotas, which will grow by about 7 per cent to 5,205.<\/p>\n
In contrast, the Category A quotas will fall by about 2 per cent to 7,434, while motorcycle (Category D) quotas will dip slightly to 3,145.<\/p>\n
Quotas for commercial vehicles (Category C) will remain unchanged at 1,742, while the open category (Category E) will increase to 1,526.<\/p>\n
Bidding exercises start on the first and third Mondays of each month. There will be a longer interval of three weeks between the second bidding exercise in June and the first in July, LTA said.<\/p>\n
The COE quota is made up of the following components:<\/p>\n
The next quota announcement for the bidding period of August to October will be made in July.\u00a0<\/p>\n
The latest COE exercise<\/span> on Wednesday saw premiums for small cars (Category A) exceed those for larger cars (Cateogry B) for the <\/span>second time this year. LTA said this was likely due to “continued competitive electric car prices”.<\/span><\/p>\n A review of the <\/span>COE categorisation of cars<\/span> – previously announced by Acting Transport Minister Jeffrey Siow – is ongoing, said LTA.<\/p>\n While Category B prices had returned to “somewhat normal”, the two categories would likely continue to converge for some time, Mr Siow said in parliament last month.<\/p>\n<\/div>\n