Another piece of good news for motor drivers! LTA has announced there will be an increase in the no. of COE quota for the months of May June July, which is 41% more than the Feb-March-April period. During the first quarter we have seen price fluctuates, where prices drop during the introduction of the increment, only to rise back up after the government announced changes to the revised CEVS rebate that will kick start in 1 July 2015.
Looking at the chart from Straits times papers dated 16/04/15, the monthly quota for the CAT A & B for the May-June-July period are 2853 and 1856, up from period of 1973 and 1444 respectively. Looks like its time to head down to the motor show room again to enquire more on the pricing. Most car owners will aim to get one before 1 July, taking advantage of the CEVS rebate before it change.
Lets not miss out this window opportunity again.
*Source and data from LTA & The Straits Times