Results of October 2012 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 03 Oct 2012 COE results

The Land Transport Authority (LTA) received 2,084 bids at the end of the October first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,589 were successful.  Detailed results of the tender are as follows: 

 

Quota

Quota Premium

Total Bids Received

Number of Successful Bids

Unused Quota carried forward

NON-TRANSFERABLE CATEGORIES

Category A (Cars 1,600cc and below)

401

$69,000

506

399

2

Category B (Cars 1,601cc and above)

350

$80,001

414

350

0

Category D (Motorcycles)

447

$1,912

631

413

34

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

186

$56,001

221

185

1

Category E (Open)

243

$86,889

312

242

1

COE results for previous bidding exercises can be found on the “Facts and Figures” section of the One.Motoring website (http://www.onemotoring.com.sg).

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the October second open bidding exercise.

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this tender exercise upon receipt of the TCOE notification letters.  The non-transferable TCOEs will be valid till 14 April 2013.  The transferable TCOEs will be valid till 14 January 2013. TCOEs issued to companies are not transferable.

Successful applicants will be notified within the week.  The COE bid deposits of unsuccessful applicants will be credited into their bank accounts by their respective banks. Bidders can check the status of their bid applications through the following channels:

• LTA Open Bidding Phone System (Tel: 6362 1465)
• LTA Open Bidding website (https://ocoe.lta.gov.sg)
• Citibank Internet Banking (www.citibank.com.sg)
• OCBC Phone Banking (Tel: 1800- 363 3333)
• UOB Internet Banking (www.uobgroup.com)

Bidders can check the status of their bid applications via the LTA Open Bidding website and the LTA Open Bidding Phone System, which is available until 6.00 pm on Friday, 5 October 2012.

If a vehicle is de-registered before its COE expires, the vehicle’s registered owner may be granted a rebate on the Quota Premium (QP) paid, pro-rated to the number of months and days remaining on the vehicle’s COE.  For vehicles registered using Category E (Open) COEs, the rebate will be based on the QP of Category E, or its corresponding category from the same tender exercise, whichever is lower.

Cessation of the LTA Open Bidding Phone System

LTA will cease the LTA Open Bidding Phone System with effect from the January 2013 first bidding exercise.

Bidders can continue to check on the status of their bids and revise their reserve price using other channels such as the banks’ services (ATMs of DBS/POSB, Citibank and UOB Internet Banking or OCBC phone banking) and the LTA Open Bidding website (https://ocoe.lta.gov.sg).

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