- Commuters have called for a review of car ownership policies during discussions on the Land Transport Master Plan.
- The Land Transport Authority (LTA) discussed changes to car ownership policies and Certificates of Entitlement (COEs) during focus group discussions.
- The LTA announced it will issue a consultation paper in 2026 to gather public feedback on proposed policy options.
Singapore's Land Transport Authority (LTA) is set to issue a consultation paper in 2026 to solicit public feedback on proposed changes to car ownership policies. This initiative follows extensive discussions involving over 400 participants in focus groups aimed at refreshing the Land Transport Master Plan.123
Among the key proposals discussed are the merging of Category A and Category B certificates of entitlement (COEs) into a single pool and the introduction of rebates and surcharges based on vehicle value. Edward Chia, deputy chairman of the Government Parliamentary Committee for Transport, highlighted the need for these changes, noting that Category A COE premiums had recently exceeded those of Category B on multiple occasions, indicating a shift in market dynamics.
The most recent COE bidding exercise on July 22 saw the Category A premium close at $126,000, which was $3,890 lower than the Category B premium of $129,890. Commuters have also suggested creating special COE categories for leasing and imposing surcharges on individuals owning more than one vehicle. The LTA aims to complete the review by the end of 2026.
“During discussions, over 400 participants suggested merging Category A and B COEs and introducing vehicle value-based rebates and surcharges. Edward Chia noted that Category A COE premiums had recently exceeded those for Category B, highlighting the need for policy adjustments.”
AsiaOne
