“In view of Singapore’s land constraints and our commitment to continually improve our public transport system, we will lower the vehicle growth rate from the current 0.25% per annum to 0% with effect from February 2018 for COE Categories A, B and D”, says Land Transport Authority of Singapore.

Categories A,B and D refer to small cars and motorcycles segment (COE = certificate of entitlement). What this means is that COE, which is certificate of entitlement, i.e. a license to drive a car is valid for ten years. In Singapore, COEs are released at periodic intervals and need to be bid on.