COE quota to drop 14 percent for Nov '22 to Jan '23

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COE quota to drop 14 percent for Nov '22 to Jan '23 COE quota to drop...

Derryn Wong

14/10/2022

The next three months in Singapore will see the overall COE quota drop by 13.7 percent for the period spanning November 2022 to January 2023

SINGAPORE – It’ll get worse before it gets better.

The Land Transport Authority (LTA) has announced the Certificate of Entitlement (COE) quota for the next three-month period, spanning November 2022 to January 2023. Overall, the number of COEs will dip from 10,581 to 9,128, a reduction of 1,453 units, representing a 13.73 percent decrease.

	Aug 22 – Oct 22	Nov 22 to Jan 23	Percent change
Category A	1,086	915	-15.7
Category B	939	817	-13.0
Category E	327	291	-11.0

As announced officially by the LTA, we’ll see passenger car COE quotas drop. Category A sees an almost 16 percent drop, while Cat B and Cat E see 13 and 11 points respectively.

This quota announcement marks the first time the new quota calculation is used. It takes the average of the preceding six month period’s de-registrations, instead of the preceding quarter. According to the LTA this will help reduce fluctuations of COE quota, and hopefully, COE price.

However, it won’t fix the cause of high COE prices – and we explain it all in our analysis story.

Meanwhile, if you’re hoping for COE prices to come down, you will have to wait a year or two, according to the industry scuttlebutt. That’s when more cars inch towards the 10-year mark and may exit the system. If you can’t wait that long, then well, we have a huge number of used and new cars that could meet your price point.

About the Author

Derryn Wong

CarBuyer's former chief editor was previously the editor for Top Gear Singapore and a presenter for CNA's Cruise Control motoring segment.

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