The Certificate of Entitlement (COE) quota for the period August 2012 to January 2013 will be 19,351. Details of the quota for each vehicle category are in Annex A. Bidding under this quota will start with the August 2012 First Open Bidding Exercise.
The COE quota consists of the following components1:
- Provision for 1.0% vehicle growth based on the vehicle population as at 31 December 2011;
- Replacement COEs for vehicles de-registered between January and June 2012
The next COE quota announcement for the COE bidding period from February 2013 to July 2013 will be made in January 2013.
1As announced in May 2012, the vehicle growth rate will be reduced to 1.0% p.a. from August 2012, before being further reduced to 0.5% p.a. from February 2013 to January 2015. In addition, a total of 4,789 remaining adjustments for over-projections in Quota Years 2008 and 2009 that were scheduled to be spread over bidding months from August 2012 to January 2014 will now be deferred for 1 year from August 2012 to July 2013. They will resume from August 2013 to January 2015.