Results of August 2013 First Open Bidding Exercise For Certificates of Entitlement

News Releases 07 Aug 2013

The Land Transport Authority (LTA) received 2,775 bids at the end of the August first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,743 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)

373

$75,556

754

371

2

Category B (Cars 1,601cc and above)

380

$77,600

682

373

7

Category D (Motorcycles)

482

$1,792

568

481

1

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

258

$68,251

364

257

1

Category E (Open)

264

$77,989

407

261

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).

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the August 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 February 2014.  The transferable TCOEs will be valid till 14 November 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, 9 August 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.

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