Results of April 2013 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 10 Apr 2013 COE results

The Land Transport Authority (LTA) received 3,265 bids at the end of the April first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,509 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)

341

$61,029

966

339

2

Category B
(Cars 1,601cc and above)

302

$67,010

835

287

15

Category D
(Motorcycles)

506

$1,812

680

412

94

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

227

$56,011

334

227

0

Category E
(Open)

245

$66,989

450

244

1

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). The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the April second open bidding exercise.

Bidders can use the Temporary Certificates of Entitlement (TCOEs) obtained from this tender exercise upon receipt of the TCOE notification letters.  The non-transferable TCOEs will be valid till 14 October 2013.  The transferable TCOEs will be valid till 14 July 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, 12 April 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 tender exercise, whichever is lower.


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:

Bidding Exercise

Exercise Start Date

Exercise End Date

2nd Exercise, April 2013

22 April 2013

24 April 2013

 

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