1. The Certificate of Entitlement (COE) quota for May 2016 to July 2016 will be 28,908. 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 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 January to March 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 August 2016 to October 2016 will be made in July 2016.
Annex A: Monthly COE Quota for May 2016 to July 2016