The details of the April 2013 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 22 April 2013, 12 noon
Tender closes: Wednesday, 24 April 2013, 4.00 pm
Tender results: Wednesday, 24 April 2013
(Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 1,614 for the following vehicle categories:
Category A : Cars (1,600cc and below) 333
Category B : Cars (1,601cc and above) 310
Category D : Motorcycles 506
Category C : Goods Vehicles and Buses 225
Category E : Open Category 240
COEs for categories C and E are valid upon receipt until 31 July 2013 whilst COEs for categories A, B and D are valid until 31 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 24 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:
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.
COE Bidding Schedule for May 2013 Bidding Exercises Onwards
The COE bidding schedule from May 2013 till December 2013 will commence from the first Monday and third Monday of each month1 from noon till 4.00pm of the third working day in the same week.
1 Except if Monday is a public holiday. The bidding exercise will then start on the next working day.