Increased reallocation of 300 Certificates of Entitlement (COEs) Quota for October 2023

1.             The Land Transport Authority had previously reallocated an additional 700 Category A COEs to the COE supply for August 2023 to October 2023, by bringing forward the distribution of COEs from the future expiry of 5-year non-extendable COEs.

2.             To meet anticipated demand from car buyers following the September 2023 announcement of changes to the Vehicular Emissions Scheme (VES) rebates from 1 January 2024, LTA will be reallocating an additional 300 Category A COEs across the two COE bidding exercises in October (i.e. 150 per exercise), drawing upon the same pool of COEs from guaranteed deregistration of cars with 5-year non-extendable COEs.

3.             With this, there will be an additional 24% increase in the Category A quota available for the two exercises in October 2023. There is no change to the quota for other Categories. Details of the quota for each COE category are in Annex A.

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