1. The Certificate of Entitlement (COE) quota for November 2017 to January 2018 will be 25,913. Details of the quota for each vehicle category are in Annex A. Bidding under this quota will start with the first COE bidding exercise in November 2017.
2. The COE quota consists of the following components:
a. Provision for 0.25% per annum vehicle growth based on the vehicle population as at 31 December 2016;
b. Replacement COEs from vehicles deregistered in the preceding three-month period of July to September 2017;
c. Adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme, and expired COEs.
3. The next quota announcement for the bidding period from February 2018 to April 2018 will be made in January 2018.
Revised Vehicle Growth Rate from February 2018
4. Today, 12% of Singapore’s total land area is taken up by roads. In view of land constraints and competing needs, there is limited scope for further expansion of the road network.
5. LTA will continue to improve our public transport system. Over the past six years, we have expanded our rail network significantly, growing the rail network length by 30% and adding a total of 41 new stations. Through the $1 billion Bus Service Enhancement Programme and Bus Contracting Model, we have added new routes and injected greater capacity into the bus network while raising service levels. The Government will continue to invest $20 billion in new rail infrastructure, $4 billion to renew, upgrade and expand rail operating assets, and another $4 billion in bus contracting subsidies over the next five years to improve public transport.
6. In view of Singapore’s land constraints and our commitment to continually improve our public transport system, we will lower the vehicle growth rate from the current 0.25% per annum to 0% with effect from February 2018 for COE Categories A, B and D. The existing vehicle growth rate of 0.25% per annum for Category C will remain unchanged until 1Q2021, to provide businesses more time to improve the efficiency of their logistics operations and reduce the number of commercial vehicles that they require.
7. The adjustments to the vehicle growth rate are not expected to significantly affect the supply of COEs, as the COE quota is determined largely by the number of vehicle deregistrations.
8. The vehicle growth rate will be reviewed again in 2020.
Annex A: Monthly COE Quota for November 2017 to January 2018