Singapore Vehicle Growth Rate to stay unchanged until 31 January 2022

Staff Writer, Singapore
·Editorial Team
·1-min read
Traffic seen along the Pan Island Expressway (PIE). (PHOTO: Dhany Osman / Yahoo News Singapore)
Traffic seen along the Pan Island Expressway (PIE). (PHOTO: Dhany Osman / Yahoo News Singapore)

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.

Stay in the know on-the-go: Join Yahoo Singapore's Telegram channel at http://t.me/YahooSingapore

Other Singapore stories:

Lee Kuan Yew's will: Disciplinary Tribunal 'cherry-picked' evidence in censuring Suet Fern, say lawyers

COVID-19: Singapore confirms 102 new cases including 5 in community

Jobless man who helped friend wearing funeral garb to harass debtor jailed 3 days