1.             The Certificate of Entitlement (COE) quota for August 2023 to October 2023 will be 11,019. Details of the quota for each COE category are in Annex A. Bidding under this quota will start on 7 August 2023.

2.             The COE quota consists of the following components:

a.             25% of the replacement COEs from vehicles deregistered in the twelve-month period from July 2022 to June 2023;

b.             Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2022; and

c.             Adjustments for changes in the taxi population, expired COEs, Early Turnover Scheme for commercial vehicles and redistribution from guaranteed deregistrations for Category A and Category B.

3.             The next quota announcement for the bidding period of November 2023 to January 2024 will be made in October 2023.

Annex A: Monthly COE Quota for August 2023 to October 2023