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

News Releases 17 Oct 2012 COE results Prevailing Quota Premium (PQP)

The Land Transport Authority (LTA) received 2,254 bids at the end of the October second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,618 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)

393

$71,001

509

390

3

Category B (Cars 1,601cc and above)

353

$85,801

540

353

0

Category D (Motorcycles)

463

$1,920

605

462

1

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

180

$57,889

229

180

0

Category E (Open)

249

$87,000

371

233

16


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).

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this bidding exercise upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 30 April 2013.  The transferable TCOEs will be valid till 31 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:

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, 19 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 bidding exercise, whichever is lower.

Prevailing Quota Premiums for Existing Vehicles

Owners of existing vehicles can renew their COEs by paying the Prevailing Quota Premium (PQP), which is a moving average of the quota premium of the respective vehicle categories over the last 3 months, i.e. from the August 2012 to October 2012 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for November 2012 with effect from Friday, 19 October 2012.

The PQP for the four categories for the month of November 2012 are as follows:

Prevailing Quota Premiums

November 
2012

October 
2012

Difference

Category A (Cars 1,600cc and below, and taxis)

$68,566

$66,578

$1,988

Category B (Cars 1,601cc and above)

$86,167

$87,331

-$1,164

Category C (Goods vehicles and buses)

$57,562

$57,140

$422

Category D (Motorcycles)

$1,930

$1,895

$35

Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, and can also be downloaded from our website at www.onemotoring.com.sg.


[1] LTA will cease the LTA Open Bidding Phone System with effect from the January 2013 first bidding exercise. Bidders may continue to enquire and revise their bids through the banks’ services and the LTA Open Bidding website. For more information, please visit www.onemotoring.com.sg.

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