1. The Certificate of Entitlement (COE) quota for November 2016 to January 2017 will be 24,234. 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 2016.
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 2015;
b. Replacement COEs from vehicles deregistered in the preceding three-month period of July to September 2016;
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 of February 2017 to April 2017 will be made in January 2017.
Annex A: Monthly COE Quota for November 2016 to January 2017