1. The Certificate of Entitlement (COE) quota for November 2022 to January 2023 will be 9,128. Details of the quota for each COE category are in Annex A. Bidding under this quota will start on 7 November 2022.
2. The COE quota consists of the following components:
a. 50% of the replacement COEs from vehicles deregistered in the six-month period of April 2022 to September 2022;
b. Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2021; 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 2023 to April 2023 will be made in January 2023.
Annex A: Monthly COE Quota for November 2022 to January 2023