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

News Releases 23 Oct 2013 COE results

The Land Transport Authority (LTA) received 2,392 bids at the end of the October second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,756 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)

373

$76,889

596

373

0

Category B
(Cars 1,601cc and above)

382

$87,910

515

376

6

Category D
(Motorcycles)

482

$1,804

586

481

1

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

263

$68,002

358

262

1

Category E
(Open)

269

$92,289

337

264

5



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 30 April 2014.  The transferable TCOEs will be valid till 31 January 2014.  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, 25 October 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 August 2013 to October 2013 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for November 2013 with effect from Friday, 25 October 2013.

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

Prevailing Quota Premiums

November 2013

October 2013

Difference

Category A
(Cars 1,600cc and below, and taxis1)

$79,121

$76,654

$2,467

Category B
(Cars 1,601cc and above)

$83,160

$78,508

$4,652

Category C
(Goods vehicles and buses)

$72,261

$69,217

$3,044

Category D (Motorcycles)

$1,774

$1,700

$74


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.


1 PQP payable for registration of new taxi

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