More Certificates of Entitlement (COEs) will be brought forward from periods of high supply to stabilise times where fewer COEs are available as part of the Government’s “cut-and-fill” approach in managing supply and demand.
Acting Transport Minister Chee Hong Tat pointed out that this approach aims to reduce the volatile swings of COE prices. He said the Government will ensure that the supply of COEs in the upcoming quarters will continue to increase in 2024 till the peak supply years in 2026 and 2027. “With the increase in supply, we hope that COE prices would moderate,” he said. Hence, there is “no need to rush”, he added.
Acting Transport Minister Chee Hong Tat pointed out that this approach aims to reduce the volatile swings of COE prices. He said the Government will ensure that the supply of COEs in the upcoming quarters will continue to increase in 2024 till the peak supply years in 2026 and 2027. “With the increase in supply, we hope that COE prices would moderate,” he said. Hence, there is “no need to rush”, he added.
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