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

News Releases 18 Dec 2013 COE results

The Land Transport Authority (LTA) received 2,467 bids at the end of the December second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,745 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)

367

$74,002

574

363

4

Category B
(Cars 1,601cc and above)

377

$75,700

500

357

20

Category D
(Motorcycles)

524

$1,812

680

501

23

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

263

$48,001

338

256

7

Category E
(Open)

268

$77,501

375

268

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).

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 June 2014.  The transferable TCOEs will be valid till 31 March 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, 20 December 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 October 2013 to December 2013 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for January 2014 with effect from Friday, 20 December 2013.

The PQP for the four categories for the month of January 2014 are as follows:

Prevailing Quota Premiums

January 2014

December 2013

Difference

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

$76,109

$78,424

-$2,315

Category B
(Cars 1,601cc and above)

$82,333

$84,772

-$2,439

Category C
(Goods vehicles and buses)

$58,989

$67,470

-$8,481

Category D
(Motorcycles)

$1,797

$1,759

$38

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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