Certificate of Entitlement
Document entitling a person to own a motorised vehicle in Singapore / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Certificate of Entitlement?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
For the certificate of entitlement as a proof of right of abode in the UK, see Right of abode in the United Kingdom § Proof of the right of abode.
The Certificate of Entitlement (COE) is the quota licence for owning a vehicle in Singapore. The licence is obtained from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for a period of 10 years. When demand is high, the cost of a COE can exceed the value of the car itself.[1] The COE system was implemented in 1990 to regulate the number of vehicles on the road and control traffic congestion, especially in a land-constrained country such as Singapore.