The Certificate of Entitlement (COE) quota for February 2021 to April 2021 will be 17,511. Details are in Annex A. Bidding under this quota will start on the first Monday in February 2021.

2.   The COE quota consists of the following components:

a. Replacement COEs from vehicles deregistered in the three-month period of October 2020 to December 2020;

b. Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2020;

c. Adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme, and expired COEs; and

d. Return of COEs accumulated from the bidding exercises that were suspended in April, May and June 2020. As earlier announced, one-third of the COEs had been returned for bidding from July 2020 to September 2020, and the remaining two-thirds will be returned from October 2020 to June 2021. There will be 4,333 additional COEs for February 2021 to April 2021.

3.    The next quota announcement for the bidding period of May 2021 to July 2021 will be made in April 2021.