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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)
(1,600CC & below)
(1,600CC & above)
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.