LTA's latest change in COE quota counting method will smoothen supply, but has little short-term impact on prices: Experts
SINGAPORE — The authorities’ second move in six months to change how the Certificate of Entitlement (COE) quotas are calculated would smoothen out supply fluctuations, but has little impact on premium prices in the short term, industry watchers said.
- The Land Transport Authority on Friday (Jan 20) announced a change in the way it computes the number of Certificate of Entitlements available for bidding in each quarter
- With effect from Feb 1, the number will be based on the rolling average of the number of vehicles deregistered over the previous four quarters, instead of two quarters
- Industry watchers whom TODAY spoke to said the move would smoothen supply fluctuations
- However, while price swings would correspondingly be moderated, prices could still move either way in the immediate term
20 Jan 2023 11:15PM
(Updated: 21 Jan 2023 01:22AM)
Source: TODAY
