Number of off-peak cars continues to dip as COE premiums climb

Mr Patrick Tan and his off-peak car, a Nissan Serena, which he uses frequently to go to Malaysia. ST PHOTO: SYAMIL SAPARI
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SINGAPORE - Just 140 cars were registered under the off-peak car (OPC) scheme between January and July - with the rebates undercut by rising certificate of entitlement (COE) premiums making the option less attractive.

The 140 figure represents just 0.74 per cent of total car registrations and comes amid a shrinking backdrop of OPC cars. There were just 10,293 - identified by their red registration plates - on the road in July. In 2012, the figure was 45,173.

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