The details of the February 2015 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 16 February 2015, 9.00 am
Tender closes: Tuesday, 17 February 2015, 4.00 pm
Tender results: Tuesday, 17 February 2015
(Available on the www.onemotoring.com.sg website)
As 18 February 2015 (Wednesday) falls on the eve of Chinese New Year, the bidding exercise will end on 17 February 2015 (Tuesday). To give prospective bidders more time, the bidding exercise will start earlier at 9.00am on 16 February 2015 (Monday).
The total quota available for this tender is 2,379 for the following vehicle categories:
COEs for categories C and E are valid upon receipt until 31 May 2015 whilst COEs for categories A, B and D are valid until 31 August 2015.
Bids 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 while that for Category D is $200 per bid.
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 the MyTransport.SG Mobile App (download the App “MyTransport Singapore” via the Apple App Store or Google Play).
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 17 February 2015. 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.