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

News Releases 23 Jan 2013 COE results

The Land Transport Authority (LTA) received 2,077 bids at the end of the January second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,653 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)

409

$91,010

489

409

0

Category B (Cars 1,601cc and above)

351

$95,501

452

351

0

Category D (Motorcycles)

461

$1,781

530

461

0

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

184

$57,051

262

184

0

Category E (Open)

251

$97,889

344

248

3

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).

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 31 July 2013.  The transferable TCOEs will be valid till 30 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:

• LTA Open Bidding website (https://ocoe.lta.gov.sg)
• Citibank Internet Banking (www.citibank.com.sg)
• OCBC Phone Banking (Tel: 1800- 363 3333)
• UOB Internet Banking (www.uobgroup.com)

Bidders can check the status of their bid applications via the LTA Open Bidding website which is available until 6.00 pm on Friday, 25 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.

Prevailing Quota Premiums for Existing Vehicles

Owners of existing vehicles can renew their COEs by paying the Prevailing Quota Premium (PQP), which is a moving average of the quota premium of the respective vehicle categories over the last 3 months, i.e. from the November 2012 to January 2013 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for February 2013 with effect from Friday, 25 January 2013.

The PQP for the four categories for the month of February 2013 are as follows:

Prevailing Quota Premiums

February
2013
January
2013
Difference

Category A (Cars 1,600cc and below, and taxis)

$83,003

$75,818

$7,185

Category B (Cars 1,601cc and above)

$93,470

$89,152

$4,318

Category C (Goods vehicles and buses)

$60,273

$59,746

$527

Category D (Motorcycles)

$1,780

$1,799

-$19

Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, and can also be downloaded from our website at www.onemotoring.com.sg.

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