Results of July 2013 Second Open Bidding Exercise For Certificates of Entitlement

News Releases 17 Jul 2013

The Land Transport Authority (LTA) received 2,607 bids at the end of the July second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 1,612 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)

334

$73,989

621

332

2

Category B (Cars 1,601cc and above)

303

$76,389

574

301

2

Category D (Motorcycles)

526

$1,712

652

516

10

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

232

$65,036

335

226

6

Category E (Open)

240

$76,802

425

237

3

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 31 January 2014.  The transferable TCOEs will be valid till 31 October 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:

 

·        LTA Open Bidding website (https://ocoe.lta.gov.sg)

·        OCBC Phone Banking (Tel: 1800- 363 3333)

·        UOB Internet Banking (www.uobgroup.com)

 

Bidders can check the status of their bid applications via the LTA Open Bidding website which is available until 6.00 pm on Friday, 19 July 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 May 2013 to July 2013 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for August 2013 with effect from Friday, 19 July 2013.

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

Prevailing Quota Premiums

August 2013

July 2013

Difference

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

$68,689

$64,762

$3,927

Category B (Cars 1,601cc and above)

$73,209

$69,128

$4,081

Category C (Goods vehicles and buses)

$59,497

$57,574

$1,923

Category D (Motorcycles)

$1,683

$1,730

-$47

 

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.

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