1. The Land Transport Authority (LTA) has completed its mid-quota year review of the Certificate of Entitlement (COE) quota for quota year 2009 (from May 2009 to April 2010).

2. For the remaining bidding exercises for this quota year, from October 2009 to March 2010, the monthly quota of COEs for all vehicle categories will be reduced as follows: Category A (Cars with engine capacity 1,600cc and below and taxis), Category B (Cars with engine capacity above 1,600cc), Category C (Goods Vehicles and Buses), Category D (Motorcycles and Scooters) and Category E (Open Category) will be reduced by 17.8%, 9.8%, 28.1%, 6.7% and 18.8% respectively. The revised monthly quotas for the affected vehicle categories will be effective from the October 2009 first COE bidding exercise which begins on 5 October 2009.

Mid-Quota Year Review

3. The mid-quota year review is undertaken annually to determine if there is any significant difference between the number of vehicles actually de-registered, and the number of de-registrations projected at the start of the quota year in May 2009. If necessary, LTA will then adjust the quota to better meet demand. The first mid-quota year review was conducted in 2001.

4. In the first eight months of 2009, the actual de-registrations of vehicles in all categories were lower than projected. Therefore, the monthly COE quotas for all vehicle categories will be reduced.

5. The adjustments to the monthly quotas for the respective categories are as follows:

* These figures may not be the exact numbers available for bidding each month as they do not include the unused quotas in the previous tender exercise. The unused quotas will be added to these quotas to make up the final figures each month.