October 2012 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 28 Sep 2012 COE bidding

The details of the October 2012 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 1 October 2012, 12 noon

Tender closes: Wednesday, 3 October 2012, 4.00 pm

Tender results: Wednesday, 3 October 2012
(Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 1,627 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:

Category A : Cars (1,600cc and below) 401

Category B : Cars (1,601cc and above) 350

Category D : Motorcycles 447

TRANSFERABLE CATEGORIES:

Category C : Goods Vehicles and Buses 186

Category E : Open Category 243


COEs for categories C and E are valid upon receipt until 14 January 2013 whilst COEs for categories A, B and D are valid until 14 April 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 3 October 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:

  DBS/POSB Hotline: 

1800-222-2200 (For Corporate Account) and/or
1800-111 1111 (For Personal Account)

  OCBC Hotline:          

1800-363-3333

  Citibank Hotline: 

1800-225-5225

  UOB Bank Hotline:   

1800-226-6121 (For Non-Individuals only)

  Land Transport Authority:

1800-CALL LTA (1800-2255 582)


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 LTA Open Bidding website (https://ocoe.lta.gov.sg).

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