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

Tender opens:      Monday, 8 April 2013, 12 noon

Tender closes:     Wednesday, 10 April 2013, 4.00 pm

Tender results:     Wednesday, 10 April 2013
                          (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 1,621 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:

Category A : Cars (1,600cc and below)                               341

Category B : Cars (1,601cc and above)                               302

Category D : Motorcycles                                                 506

TRANSFERABLE CATEGORIES:

Category C : Goods Vehicles and Buses                                227

Category E : Open Category                                              245

COEs for categories C and E are valid upon receipt until 14 July 2013 whilst COEs for categories A, B and D are valid until 14 October 2013.

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 Teletext (Channel News Asia pages 521-523).

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 10 April 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)

Cessation of Citibank’s COE Bidding Services

Citibank had ceased 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 second bidding exercise in April 2013 will be deferred by one week. The revised COE bidding schedule for the second COE bidding exercise in April 2013 is as follows: