Debated in Parliament on 6 Nov 2023.
The following statement was made by the Senior Minister of State for Transport (Mr Chee Hong Tat) in reply to Parliamentary Question Nos 35 to 45 at the Sitting of 6 November 2023:
Specifically for Cat E, we have seen that the TCOEs are used to register vehicles, on average, within 14 days, way before the validity period of three months. Since January 2023, only one Cat E TCOE has expired. This shows that the dealers are not speculating, but are bidding based on actual demand. [Please refer to "Outlook for COE Prices and Proposal for Support for Persons and Firms who Rely On Vehicles to Continue Their Trade", Official Report, 06 November 2023, Vol 95, Issue 115, Oral Answers to Questions section.]
Written statement by Mr Chee Hong Tat circulated with leave of the Speaker in accordance with Standing Order No 29(5):
I wish to make the following factual correction to my reply given during the Sitting of 6 November 2023. My statement should read as follows:
Specifically for Cat E, we have seen that the TCOEs are used to register vehicles, on average, within 14 days, way before the validity period of three months. Since January 2023, only three Cat E TCOEs have expired, and since June 2023, only one Cat E TCOE has expired. This shows that the dealers are not speculating, but are bidding based on actual demand.
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