Number of COE extensions plunges, but trend seen remaining strong

The drop in COE revalidations could mean more vehicles are deregistered.
The drop in COE revalidations could mean more vehicles are deregistered.PHOTO: ST FILE

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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