The Certificate of Entitlement (COE) quota for the period February 2012 to July 2012 will be 22,160. Details of the quota for each vehicle category are at Annex A. Bidding under this quota will start with the February 2012 First Open Bidding Exercise.
The COE quota consists of the following components:
- Provision for 1.5%1 vehicle growth based on the vehicle population as at 31 December 2011;
- Replacement COEs for vehicles de-registered between July and December 2011; and
- Adjustment for over-projections of vehicle de-registrations in 2008/2009.
The next COE quota announcement for the COE bidding period from August 2012 to January 2013 will be made in July 2012.
1 The 1.5% growth rate is only applicable for the first half of 2012. As announced in October 2011, the vehicle growth rate will be revised to 0.5% from August 2012.