COEs for Different Types of Motorcycles

Parliament of Singapore · 12 February 2015

Official Report, 12 February 2015, Vol 93, Issue 5 · Open in the reader (summaries, search, filters)

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Mr Zainal Sapari asked the Minister for Transport (a) what is the average number and percentage of motorcycles that were registered under the different classes of motorcycle licences in 2013 and 2014; (b) whether the Certificate of Entitlement (COE) for motorcycles can be separated according to the different classes of motorcycle licences; and (c) if he will consider allowing motorcycle owners to opt for an unlimited five-year COE renewal to help lower income families better manage the cost of owning motorcycles.

The Parliamentary Secretary to the Minister for Transport (Assoc Prof Dr Muhammad Faishal Ibrahim) (for the Minister for Transport): Mdm Speaker, the average number of motorcycles registered per year in 2013 and 2014 is 9,898. Of these, 6,426 or 65% corresponded to a Class 2B riding licence, 1,342 or 14% to a Class 2A licence and 2,130 or 23% to a Class 2 licence.

Category D had been created as a separate category for motorcycle buyers so that they need not compete with other vehicle buyers when bidding for a Certificate of Entitlement (COE). Splitting Category D further would result in a much smaller quota available in each sub-category. This may lead to more volatility in quota and prices.

Allowing unlimited five-year COE renewals for motorcycle owners may lead to fewer deregistrations and therefore fewer COEs available for bidding. This would disadvantage prospective motorcycle buyers, as they would have less of an opportunity to buy a new motorcycle if the COEs continued to be renewed instead of being released for bidding.

Source: Singapore Parliament Official Report (Hansard) for 12 February 2015. Republished on SGParliament.