COE quota for August 2013-January 2014 up 8% to 20,825

Here are 3 considerations.

According to Land Transport Authority, the Certificate of Entitlement (COE) quota for the period August 2013 to January 2014 will be 20,825. Bidding under this quota will start with the August 2013 First Open Bidding Exercise. The quota is 8% higher than the previous period which was set at 19,263.

The COE quota consists of provision for 0.5% vehicle growth based on the vehicle population as at 31 December 2012; replacement COEs for vehicles de-registered between January and June 2013; and adjustments for change in taxi population, expired COEs and over-projections of vehicle de-registrations in 2008/2009.

The next COE quota announcement for the COE bidding period from February 2014 to July 2014 will be made in January 2014.