LTA proposes merging COE Categories A and B into a single category.

The Land Transport Authority (LTA) intends to consolidate the current two-category COE system into one due to narrowing price gaps and technological changes. To differentiate vehicle types, a rebate or surcharge system of up to S$15,000 will be implemented based on Open Market Value (OMV) bands.

Why it mattersLawyers advising on vehicle acquisitions or fleet management must track how these changes affect registration costs and vehicle valuations.