to June will be returned to the market over the next 12 months, from July 2020 to June 2021, said LTA.
The remaining two-thirds will be returned over the next nine months from October 2020 to June 2021, with an additional 12,996 COEs across all categories."LTA has considered the need to ensure sufficient supply of COEs to meet the orders that have built up during the period of COE bidding suspension, as well as the need to smoothen the supply of COEs to ensure long-term market stability," said the authority.
The next COE quota announcement for the bidding period from August 2020 to October 2020 will be made in July.
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