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Written Reply by Minister for Transport Khaw Boon Wan to Parliamentary Question on Supply of Certificates of Entitlement after Lifting of Circuit Breaker Measures

26 May 2020 In Parliament

Mr Sitoh Yih Pin asked the Minister for Transport what is LTA's plan for the supply of Certificates of Entitlement (COEs) once COE bidding resumes after the circuit breaker measures are lifted.
 
Reply by Minister for Transport Khaw Boon Wan:
 
1.     Motor vehicle dealerships and showrooms have been closed since the start of the circuit breaker. As COE bidding is done mostly by the motor vehicle dealers on behalf of prospective owners, the Land Transport Authority (LTA) suspended COE bidding for the months of April and May.
 
2.     To keep community transmission low, the Government has announced plans to resume economic activities in a cautious manner, in phases. Motor vehicle dealerships have not yet been allowed to re-open. COE bidding will only resume after the dealers are allowed to re-open. As new travel demand patterns may emerge as a result of COVID-19, LTA will monitor the situation closely before deciding how the accumulated COE quotas from the suspended bidding exercises should be factored into future bidding exercises.