1. The Certificate of Entitlement (COE) quota for May to July 2014 will be 12,060. 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 May 2014.
2. The COE quota consists of the following components:
a. Provision for 0.5% per annum vehicle growth based on the vehicle population as at 31 December 2013;
b. Replacement COEs for vehicles de-registered from January to March 2014;
c. Adjustments for changes in the taxi population, expired COEs and over-projection of vehicle de-registrations in 2008/2009.
3. The next quota announcement for the bidding period of August to October 2014 will be made in July 2014.
Annex A: Monthly COE Quota for May to July 2014