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COE quota down for the next 3 months

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From November 2016 to January 2017, The Land Transport Authority will be issuing fewer Certificates of Entitlement (COEs). The total quota for next 3 months is 24,234 or around 4,039 per bid for all categories.

Vehicle Category Approx. average per bid
(Aug 2016 to Oct 2016)
Approx. average per bid
(Nov 2016 to Jan 2017)
Percentage
Category A
(1,600CC & below)
2,008 1,844 8.2% (-164)
Category B
(1,600CC & above)
1,336 1,243 7% (-93)
Category C
(Open)
429 400 6.8% (-29)

The reduction in COEs quota will increase COEs prices slightly and we do not think the 7% drop of CEOs issued in the coming months will affect the price drastically. Having said that, we advise those who are considering to purchase a new car to start their shopping early to avoid year-end rush when car prices might go up during this period.

Visit www.carsandstars.com.sg and our showroom to view our large fleet of cars.