1. The Certificate of Entitlement (COE) quota for November 2021 to January 2022 will be 10,590. Details of the quota for each COE category are in Annex A. Bidding under this quota will start on the first Monday in November 2021.
2. The COE quota consists of the following components:
a. Replacement COEs from vehicles deregistered in the three-month period of July 2021 to September 2021;
b. Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2020; and
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 2022 to April 2022 will be made in January 2022.
Vehicle Growth Rate to maintain until 31 January 2025
4. Given Singapore’s land constraints and competing land-use needs, the Vehicle Growth Rate (VGR) ensures that our vehicle population growth is tempered especially as the number of vehicles on our roads draws near to one million.
5. Public transport and other forms of green commuting, such as shared transport and active mobility modes, are the more sustainable modes of transport. Over the years, LTA has continued to improve the reliability and connectivity of our public transport infrastructure to build a more sustainable and liveable environment for Singaporeans. Projects such as Thomson-East Coast Line Stages 3, 4 and 5 as well as Circle Line Stage 6 will be operational over the next five years, while Jurong Region Line will be completed in stages from 2027 to 2029. From the 2030s, the Cross Island Line will also open progressively. With these enhancements, our MRT network will grow from about 245km today to 360km over the next two decades. By 2030, the 460km of cycling paths we have today will be expanded to 1,300km to improve active mobility connectivity within and across towns.
6. In view of Singapore’s land scarcity and our commitment to continually improve our public transport system, we will maintain the existing VGR of 0% per annum for COE Categories A, B and D, and 0.25% per annum for Category C until 31 January 2025. We are mindful of the impact of COVID-19 on businesses, and the reliance of businesses, particular SMEs on goods vehicles and buses, which are not easily substitutable without significant changes in operations. As such, we will maintain the current 0.25% p.a. VGR for Category C for now, to allow businesses more time to improve the efficiency of their logistics operations and reduce the number of goods vehicles and buses required.
7. The extension of the VGR is not expected to significantly affect the supply of COEs, as the COE quota is determined largely by the number of vehicle deregistrations. The VGR will be next reviewed in 2024.