Singapore’s vehicle growth rate to be slashed by half starting 2015

There are now almost 1 million cars in the island.

The Land Transport Authority today revealed that Singapore’s vehicle growth rate will be slashed starting February 2015, in light of the fact that there is limited room for road growth in the island.

The LTA will lower Singapore’s current vehicle growth rate from the current 0.5% to 0.25%. This will be effective from February 2015 to January 2018.

“With 12 per cent of Singapore’s total land area already taken up by roads, there is limited scope for any further expansion of the road network. Priority for road growth will be given to serve new development areas and to facilitate bus movements to bring about a better public transport experience. The latter supports ongoing efforts to improve the quality and connectivity of our public transport network, which is set to undergo significant expansion over the next few years. Therefore, it is not tenable to keep to the same rates of vehicle population growth as before. Already, the number of vehicles on our roads is drawing near to one million,” stated the LTA.

The LTA also revealed that the Certificate of Entitlement quota for November 2014 to January 2015 will be 11,932. This translates to a monthly quota of 3,977 for the period, an increase from 3,777 in the previous quarter.