Data on "Cut and Fill" Approach to Reassign COE Quotas and Further Medium-term Plans to Equalise Supply

Assoc Prof Jamus Jerome Lim asked the Acting Minister for Transport with regard to the "cut-and-fill" approach to reassign COE quota supply (a) from May 2023 till to date, how many quotas have been reassigned from guaranteed deregistrations of five-year non-extendable COEs and the standard 10-year COEs; and (b) whether the Ministry has any further medium-term plans to equalise the COE supply across years to eliminate the peak-and-trough cycle of COE prices.

Mr Jeffrey Siow: Since May 2023, the Land Transport Authority redistributed and injected a total of 30,813 Certificates of Entitlement (COEs) across the COE categories. We will continue to monitor the COE supply to ensure it is stable.