All the COE categories, except for motorcycles, will see increased supply Read more at straitstimes.com.
SINGAPORE – A total of 11,019 certificates of entitlement will be available in the August-October quota period, 5.6 per cent more than the current three-month supply – a development which should continue to cool an overheated market.In the move, the Land Transport Authority effectively brought forward some COEs from projected peak-supply years. In total, 1,025 such COEs were pumped into the August-October quota – all for cars.
The category for smaller, less powerful cars will have 3,785 COEs, or 12.7 per cent more. Buyers and sellers of bigger, more powerful cars will have 2,816 COEs, or 5.7 per cent more. Industry watchers said the bigger quota followed an increase in the number of vehicles deregistered in the preceding three months.
Mr Neo Nam Heng, chairman of diversified motor group Prime, said he was expecting the quota increase to be more significant, going by the number of deregistrations in recent months. “But if the pace of deregistrations continues, I am confident the next quota will be even bigger.”
Singapore Latest News, Singapore Headlines
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