The details of the November 2012 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 5 November 2012, 12 noon
Tender closes: Wednesday, 7 November 2012, 4.00 pm
Tender results: Wednesday, 7 November 2012
(Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 1,651 for the following vehicle categories:
Category A : Cars (1,600cc and below) 395
Category B : Cars (1,601cc and above) 350
Category D : Motorcycles 481
Category C : Goods Vehicles and Buses 181
Category E : Open Category 244
COEs for categories C and E are valid upon receipt until 14 February 2013 whilst COEs for categories A, B and D are valid until 14 May 2013.
Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility provided by Citibank and UOB, or via the OCBC phone banking services.
The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid application while that for Category D is $200 per bid application.
During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks’ services, the LTA Open Bidding website, or by calling the LTA Open Bidding Phone System at telephone number: 6362 1465.
Members of the public can check the current COE price on the One.motoring website (http://www.onemotoring.com.sg) or on Teletext (Channel News Asia pages 521-523).
Although the COE Open Bidding System has been designed to handle large numbers of bids, transmission of bid data through the system could be delayed by external factors. Hence, members of the public are advised to bid early, as the system will only process bid submissions or reserve price revisions that reach the processing system before the closing time at 4.00 pm on 7 November 2012. Bid data that is sent to the processing system at the last minute, but fails to reach the system before the closing time will not be processed.
For details on the open bidding facilities, members of the public can also contact the following:
1LTA 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.