Asia

Number of COE extensions plunge, but trend seen remaining strong

SINGAPORE – The number of car certificate of entitlement (COE) revalidations – which form the bulk of total COE extensions – have fallen for the first time in a decade, and this may mean bigger COE supplies ahead.

According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 – from 2019’s record of 41,777.

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