Sufficiency of HDB and Public Car Parks Given Expected Vehicle Growth from Additional 20,000 COEs Coming Onstream

Mr Gan Thiam Poh asked the Minister for National Development (a) whether there will be sufficient HDB and public car parks to cater to the increase in car population from the additional 20,000 COEs; and (b) what is the maximum number of increase in car population that will warrant the adjustment to increase car park facilities.

The Land Transport Authority will progressively inject the additional 20,000 Certificate of Entitlements (COEs) across vehicle categories from February 2025, over the next few years. This represents about 2% of the current total vehicle population in Singapore.

At the national level, public car parks have sufficient capacity to cater to the expected increase in season parking demand by residents arising from the COE injection. Currently, nearly all public car parks within residential estates have more than 10% of season parking lots still unallocated.

That notwithstanding, localised shortages in season parking occur at some public car parks from time to time. Agencies closely monitor car park utilisation rates and where there are localised shortages, agencies employ parking demand measures to ensure that the parking needs of residents are met. These measures include controlling season parking sales, increasing number of reserved lots, disallowing night parking for visitors and implementing differential pricing for short-term parking.