Lower COE supply expected in next three months, quota may increase only from 2024

The number of vehicles taken off the road is the main determinant of COE supply under the current vehicle quota scheme. PHOTO: ST FILE
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SINGAPORE - Vehicle prices are set to stay high in the coming months, as the number of certificates of entitlement (COEs) is expected to be lower in the next three-month period from November to January.

The total COE supply for the next three months is projected to be 11.4 per cent less than the 3,526 COEs available for tender each month in the current quota, based on vehicle deregistrations from April to August.

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