Results of January 2013 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 09 Jan 2013 COE results

The Land Transport Authority (LTA) received 2,185 bids at the end of the January first open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,678 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)

410

$92,100

555

409

1

Category B
(Cars 1,601cc and above)

363

$96,210

470

363

0

Category D (Motorcycles)

462

$1,933

523

462

0

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

193

$60,000

244

188

5

Category E (Open)

256

$96,101

393

256

0

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 January second open bidding exercise.

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 14 July 2013.  The transferable TCOEs will be valid till 14 April 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 which is available until 6.00 pm on Friday, 11 January 2013.

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.

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