SINGAPORE : The Land Transport Authority will be issuing 12,168 more Certificates of Entitlement, or COEs, in the next six months, as more cars have been de-registered this year than projected.
This means an average of 13,000 COEs a month till March next year - with Category A cars and taxis getting a 27 percent increase.
Meanwhile, latest COE prices for most classes have dropped except for the goods vehicles and buses category.
The latest bidding exercise show COE for smaller cars and taxis was $15,309, down by $1,152.
Buyers of bigger cars paid $14,808 - a $2,081 dip, and the open category COE was down by $1,000 to $15,699. - CNA/de
Expect traffic jam!