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

News Releases 05 Dec 2012 COE results

The Land Transport Authority (LTA) received 2,187 bids at the end of the December first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,551 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)

395

$78,523

482

378

17

Category B
(Cars 1,601cc and above)

350

$90,200

493

337

13

Category D
(Motorcycles)

450

$1,612

602

435

15

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

181

$63,035

281

168

13

Category E
(Open)

246

$97,000

329

233

13

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 December 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 June 2013.  The transferable TCOEs will be valid till 14 March 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, 7 December 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.


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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