December 2013 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 29 Nov 2013 COE bidding

The details of the December 2013 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 2 December 2013, 12 noon

Tender closes: Wednesday, 4 December 2013, 4.00 pm

Tender results: Wednesday, 4 December 2013
(Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 1,740 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:

Category A : Cars (1,600cc and below)                      364

Category B : Cars (1,601cc and above)                      373

Category D : Motorcycles                                            481

TRANSFERABLE CATEGORIES:

Category C : Goods Vehicles and Buses                     258

Category E : Open Category                                      264

COEs for categories C and E are valid upon receipt until 14 March 2014 whilst COEs for categories A, B and D are valid until 14 June 2014.

Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility of 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 the MyTransport.SG Mobile App (download the App “MyTransport Singapore” via the Apple App Store or Google Play).

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 4 December 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
UOB Bank Hotline                  1800-226-6121 (For Non-Individuals only)
Land Transport Authority      1800-CALL LTA (1800-2255 582)

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