The details of the January 2013 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 7 January 2013, 12 noon
Tender closes: Wednesday, 9 January 2013, 4.00 pm
Tender results: Wednesday, 9 January 2013
(Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 1,684 for the following vehicle categories:
Category A : Cars (1,600cc and below) 410
Category B : Cars (1,601cc and above) 363
Category D : Motorcycles 462
Category C : Goods Vehicles and Buses 193
Category E : Open Category 256
COEs for categories C and E are valid upon receipt until 14 April 2013 whilst COEs for categories A, B and D are valid until 14 July 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 or the LTA Open Bidding website (https://ocoe.lta.gov.sg).
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 9 January 2013. 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)
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)