SINGAPORE — The current Vehicle Growth Rate (VGR) in Singapore will be unchanged until 31 January 2022, the Land Transport Authority (LTA) said on Thursday (13 August).
Given the uncertainty over how travel demand patterns will evolve amid the COVID-19 situation, the LTA said it will extend the validity of the current VGR by one year.
The VGR for Certificate of Entitlement (COE) Categories A, B and D will remain at 0 per cent per annum, unchanged since February 2018, and the VGR for Category C will be maintained at 0.25 per cent per annum.
“The VGR ensures that our vehicle population growth is tempered and supports the development of a sustainable and liveable environment for Singaporeans,” the LTA said.
The extension of the VGR will not have any impact on the supply of COEs, as the COE quota is determined largely by the number of vehicle deregistrations, it added.
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