The details of the July 2013 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 1 July 2013, 12 noon
Tender closes: Wednesday, 3 July 2013, 4.00 pm
Tender results: Wednesday, 3 July 2013
(Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 1,721 for the following vehicle categories:
Category A : Cars (1,600cc and below) 338
Category B : Cars (1,601cc and above) 331
Category D : Motorcycles 538
Category C : Goods Vehicles and Buses 226
Category E : Open Category 288
COEs for categories C and E are valid upon receipt until 14 October 2013 whilst COEs for categories A, B and D are valid until 14 January 2014.
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 3 July 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: