15 Jul '11, 7am

LTA releases some 22,300 COEs

SINGAPORE: Some 22,300 Certificates of Entitlement (COE) will be made available for the six-month period from August 2011 to January 2012, the Land Transport Authority (LTA) said on Friday. The 22,324 figure is hardly changed from the quota of the previous six months, which was 22,368. The new quota works out to 3,720 COEs monthly. Those shopping for a 1,600cc car or a motorcycle in the next six months can breathe a bit easier. The COE supply for the two vehicle categories is bigger for the period. 1,096 COEs will be available monthly for cars up to 1,600cc and for motorcycles there will be 775 COEs monthly. Those who are in the market for bigger cars or commercial vehicles, on the other hand, should brace themselves for higher prices on the back of an even tighter COE supply. LTA said the quota consists of three components, including a provision for 1.5 per cent vehicle g...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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