SINGAPORE – In an exciting development for vehicle buyers, the Land Transport Authority (LTA) has revealed a significant increase in the certificates of entitlement (COEs) available for bidding from February to April 2025. The new quota sees an increase of 1,299 COEs, bringing the total to 17,133, marking a substantial 8.2% rise compared to the previous quarter.

This upcoming tender period represents the first time LTA is injecting additional COEs, a move aimed at stabilizing supply amidst ongoing vehicle deregistrations. These new certificates come from a combination of deregistrations scheduled for 2024 and a forward movement of guaranteed deregistrations, utilizing a unique "cut and fill" approach. This method is designed to balance out the fluctuations in COE availability.

A total of 4,201 additional COEs will be made available across different vehicle categories, including both cars and motorcycles. The LTA has been proactive in responding to changing travel patterns, with a noted decrease in total vehicle mileage by around 6% since 2019, showcasing the evolving landscape of vehicle ownership and usage in Singapore.

Further supporting these injections, the forthcoming implementation of a next-generation satellite-based Electronic Road Pricing system promises enhanced traffic management, thereby allowing authorities to better control congestion and optimize road usage.

Breaking it down, the supply of COEs in Category A (for smaller cars and electric vehicles) will see an increase to 6,828 units, reflecting a 10.3% rise from the previous period. Similarly, Category B (for larger, more powerful vehicles) is set to rise by 10% to 4,465 units. The Open category (Category E) will also experience a boost, with a 10.7% increase from 1,072 to 1,187.

Commercial vehicles in Category C will not be left out, as the available COEs will rise by 10% to reach 1,548. However, motorcycle COEs will remain unchanged at 3,105 units.

This announcement, made just a week ahead of the next COE tender exercise scheduled for January 22, is anticipated to stir excitement among prospective vehicle buyers, providing a fresh opportunity for those looking to own a vehicle in Singapore’s competitive market.

As the COE landscape continues to evolve, vehicle enthusiasts and prospective buyers should keep an eye on future developments and regulations that will shape the automotive industry in Singapore. The question remains: how will these changes impact your next vehicle purchase? Stay tuned for more updates!