COE ratio for February to April falls further to eight-year low – Archyde

SINGAPORE — The Certificates of Entitlement (COE) quota for February-April was set at 10,452 — a decline to an eight-year low.

The latest quota is a decrease from the 10,590 that were available from November 2021 to January 2022.

It is also the lowest in eight years since February-April 2014, when 9,127 COEs were available.

The Land Transport Authority (LTA) said last October that the vehicle growth rate will be kept at zero until January 31, 2025 amid land restrictions and competing needs and as the number of vehicles in Singapore approaches one million.

As an exception, however, trucks and buses are allowed to grow by 0.25 percent annually.

QUOTE FROM FEBRUARY TO APRIL

For the period from February to April, category A (cars up to 1,600 cc and 97 kW) will have a quota of 3,187, down from 3,190 in the previous quarter.

Category B (vehicles over 1,600cc and 97kW) will have a quota of 3,299, down from 3,521.

Category C trucks and buses will have a rate of 457, up from 540 in the previous quarter.

Category D (motorcycles) also fell from 2,468 to 2,427.

COEs in Category E, which is open to all vehicles except motorcycles, will have a quota of 1,082, up from 871 in the previous quarter.

Bidding for this quota begins on the first Monday in February. CNA

For more stories like this see cna.asia.

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Reference-www.nach-welt.com

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