Number of COE extensions plunges, but trend seen remaining strong

The drop in COE revalidations could mean more vehicles are deregistered. PHOTO: ST FILE
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SINGAPORE - The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - has fallen for the first time in a decade, and this could mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777.

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