Singapore’s Land Transport Authority (LTA) has announced that it will increase the Certificates of Entitlement (COE) quota for cars in categories A and B as a one-time adjustment to reduce supply volatility. The quota will rise from 9,575 to 10,431 for the current quarter, with Category A increasing by 24% and Category B increasing by 15%. The LTA will redistribute about 6,000 COEs gradually in the upcoming bidding exercises. This move follows recent record highs in COE premiums; however, analysts predict that COE prices will remain high while supply is limited and demand strong.
In a ministerial statement, Singapore’s Transport Minister, S Iswaran, said the long-term trajectory for COE prices would be upward due to rising household incomes and zero growth in the car population policy. He emphasised that the one-time adjustment would help lessen…
