Claw-Back of COES

Mr Ang Wei Neng asked the Minister for Transport given the low supply of COEs for the period from February to April 2014, whether the Ministry will consider suspending the claw-back of COEs due to past over-projections until the number of de-registered cars increases substantially in 2015/2016.

Mr Lui Tuck Yew: Over-projections of vehicle deregistrations in COE quota years 2008 and 2009 under the previous quota methodology have consistently been clawed back since April 2010. The claw-back was deferred for one year from August 2012 to July 2013, as a one-off measure to ease the transition to a lower vehicle growth rate. There will be no further deferment of the claw-back.