In Parliament
Written Reply to Parliamentary Question on Proportion of COEs Allocated to Singaporeans, Permanent Residents and Foreigners Since Resumption of COE Bidding
9 January 2023
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Mr Saktiandi Supaat asked the Minister for Transport what is the proportion of Certificates of Entitlement (COEs) allocated to
i. Singaporeans or Permanent Residents and
ii. foreigners respectively, since COE bidding resumed after the circuit breaker period in July 2020.
Reply by Minister for Transport S Iswaran:
1. Of the Certificates of Entitlement (COEs) allocated from July 2020 to December 2022, on average, about 63% of COEs were allocated to Singaporeans or Permanent Residents, and less than three per cent were allocated to foreigners. The rest were allocated to companies.
2. In working out the above information, the Land Transport Authority has identified a computational error in an earlier set of data, which mentioned that 0.5% of COEs were allocated to foreigners from 2002 to 2019, provided in response to Ms Hazel Poa's written Parliamentary Question on the allocation of COEs and published on 2 November 2020. The figure should be 2.3%, instead of 0.5%. The proportion of COEs allocated to foreigners remains low today, and has not changed significantly over the years.