The Certificate of Entitlement (COE) quota for August to October 2014 will be 11,331. 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 August 2014.
2. The COE quota consists of the following components:
- Provision for 0.5% per annum vehicle growth based on the vehicle population as at 31 December 2013;
- Replacement COEs for vehicles deregistered in the preceding three-month period of April to June 2014;
- Adjustments for changes in the taxi population, expired COEs, and over-projection of vehicle deregistrations in 2008/2009.
3. The next quota announcement for the bidding period of November 2014 to January 2015 will be made in October 2014.