Certificate of Entitlement (COEs) Quota for November 2024 to January 2025

News Releases 04 Oct 2024 COE quota

Higher quota for Categories A, B, and C

                The Certificate of Entitlement (COE) quota for November 2024 to January 2025 will be 15,834. Details of the quota for each COE category are in Annex A. Bidding under this quota will start on 4 November 2024.

2.             The COE quota consists of the following components: 

a.             25% of the replacement COEs from vehicles deregistered in the twelve-month period from October 2023 to September 2024; 

b.             Provision for 0.25% per annum growth for Category C based on the Category C vehicle population as at 31 December 2023; and 

c.             Adjustments for changes in the taxi population, expired COEs, Early Turnover Scheme for commercial vehicles and redistribution from guaranteed deregistrations for Category A, Category B and Category D. 

3.             Overall, the COE quota for November 2024 to January 2025 is 4% higher than last quarter (August 2024 to October 2024). Compared to the last quarter, the COE quota increased 6% for Category A, 2% for Category B and 8% for Category C, whilst Category D quota remained unchanged.

4.             The next quota announcement for the bidding period of February 2025 to April 2025 will be made in January 2025.

Annex A: Monthly COE Quota for November 2024 to January 2025

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