Results of January 2014 Second Open Bidding Exercise for Certificates Of Entitlement

News Releases 22 Jan 2014 COE results

The Land Transport Authority (LTA) received 2,761 bids at the end of the January second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,763 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)

368

$72,290

724

364

4

Category B (Cars 1,601cc and above)

393

$79,000

512

388

5

Category D (Motorcycles)

503

$2,704

796

503

0

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

264

$50,001

356

249

15

Category E (Open)

261

$78,810

373

259

2

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 July 2014.  The transferable TCOEs will be valid till 30 April 2014.  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, 24 January 2014.

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 November 2013 to January 2014 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for February 2014 with effect from Friday, 24 January 2014.

The PQP for the four categories for the month of February 2014[1] are as follows:

Prevailing Quota Premiums

February 2014

January 2014

Difference

Category A (Cars 1,600cc and below, and taxis[2])

$73,237

$76,109

-$2,872

Category B (Cars 1,601cc and above)

$78,382

$82,333

-$3,951

Category C (Goods vehicles and buses)

$51,418

$58,989

-$7,571

Category D (Motorcycles)

$1,952

$1,797

$155

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.


[1] Cars that were registered/converted using TCOEs obtained before the Feb 2014 1st bidding exercise will continue to be categorised based on the engine capacity of the car only (i.e. Category A if engine capacity is 1,600cc and below, and Category B if engine capacity is 1,601cc and above). Cars that are registered/converted using TCOEs obtained from the Feb 2014 1st bidding exercise onwards will be subjected to the new categorisation criteria (i.e. Category A if engine capacity is up to 1,600cc and Maximum Power Output is up to 97kW (130bhp), and Category B if engine capacity is above 1,600cc or Maximum Power Output is above 97kW (130bhp)).

[2] PQP payable for registration of new taxi

 

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