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

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 22Nov 22 to Jan 23Percent change
Category A1,086915-15.7
Category B939817-13.0
Category E327291 -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.


Tags:

Analysis buying advice Certificate of Entitlement coe industry

About the Author

Derryn Wong

CarBuyer's chief editor brings 15 years of experience in automotive journalism. Previously, he was the editor for Top Gear Singapore, and a presenter for CNA's Cruise Control motoring segment. He's contributed to The Business Times, Today, and many other publications, and also covered technology as editor of Stuff magazine. An avid motorcyclist and photographer, he is the Chief Slave of two cats. Follow him on Instagram @werryndong

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