Higher Quota for Categories A, B and C
The Certificate of Entitlement (COE) quota for August 2024 to October 2024 will be 15,283. Details of the quota for each COE category are in Annex A. Bidding under this quota will start on 5 August 2024.
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 2023 to June 2024;
b. Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2023; 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, Category B and Category D.
3. Overall, the COE quota for August 2024 to October 2024 is 1% higher than last quarter (May 2024 to July 2024). Compared to the last quarter, the COE quota for Categories A, B and C increased by 1-5% whilst Category D quota remained unchanged.
4. The next quota announcement for the bidding period of November 2024 to January 2025 will be made in October 2024.
