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

News Releases 27 Mar 2013 COE results

The Land Transport Authority (LTA) received 3,444 bids at the end of the March second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,682 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)

337

$64,209

923

337

0

Category B
(Cars 1,601cc and above)

307

$73,900

940

300

7

Category D (Motorcycles)

543

$1,909

634

543

0

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

225

$54,111

312

225

0

Category E (Open)

279

$73,301

635

277

2

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 September 2013.  The transferable TCOEs will be valid till 30 June 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, 29 March 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 January 2013 to March 2013 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for April 2013 with effect from Friday, 29 March 2013.

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

Prevailing Quota Premiums

April 2013

March 2013

Difference

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

$81,237

$84,822

-$3,585

Category B
(Cars 1,601cc and above)

$84,879

$93,497

-$8,618

Category C
(Goods vehicles and buses)

$55,590

$58,461

-$2,871

Category D (Motorcycles)

$1,802

$1,721

$81

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.


Cessation of Citibank’s COE Bidding Services

Citibank will cease its COE Open Bidding services with effect from the April 2013 first bidding exercise.

Prospective bidders can submit their bids using other banks’ services such as ATMs of DBS/POSB, UOB Internet Banking or OCBC phone banking.


Reminder On The Revised COE Bidding Schedule for April 2013

As announced by LTA on 25 February 2013, the bidding exercises in April 2013 have been deferred by one week. The revised COE bidding schedule for the COE bidding exercises in April 2013 is as follows:

Bidding Exercise

Exercise Start Date

Exercise End Date

1st Exercise, April 2013

8 April 2013

10 April 2013

2nd Exercise, April 2013

22 April 2013

24 April 2013

 

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