Certificate of Entitlement bidding to restart from 6 July: LTA

Accumulated quota to get back to market over the next 12 months.

Certificate of Entitlement (COE) bidding exercises will resume from 6 July, the Land Transport Authority (LTA) has confirmed. These biddings will revert to their usual schedule, the first and third Mondays of each month, thereafter. The announcement came a day before the ‘post circuit breaker’ re-opening of motor vehicle dealerships and showrooms, including test drives by prospective vehicle buyers.

The COE quota for the bidding exercises in July will be 8,737. The accumulated COE quota of 19,490 from the suspended bidding exercises from April to June will be returned to the market over the next 12 months, starting from July.

LTA will offer 6,494 of accumulated COEs from July to September of 2020, and 12,996 COEs from October 2020 to June 2021.

The LTA says the accumulated COE quota is being offered “to ensure sufficient supply of COEs to meet the orders that have built up during the period of COE bidding suspension, as well as the need to smoothen the supply of COEs to ensure long-term market stability”.

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