February 2016 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 29 Jan 2016 COE bidding

The details of the February 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
 

Tender opens: Monday, 1 February 2016, 12 noon

Tender closes: Wednesday, 3 February 2016, 4.00 pm

Tender results: Wednesday, 3 February 2016
                        (Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,232 for the following vehicle categories:
 

NON-TRANSFERABLE CATEGORIES:

Category A : Cars (up to 1600cc & 97kW (130bhp))     

2,038

Category B : Cars (above 1600cc or 97kW (130bhp))   

1,216

Category D : Motorcycles                                              

368

TRANSFERABLE CATEGORIES:

Category C : Goods Vehicles and Buses                           

164

Category E : Open Category                                          

446

COEs for categories C and E are valid upon receipt until 14 May 2016 whilst COEs for categories A, B and D are valid until 14 August 2016.

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 3 February 2016.  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:

 

 
DBS/POSB Hotline 1800-222-2200 (For Corporate Account)
  1800-111-1111 (For Personal Account)
OCBC Hotline 1800-363-3333
UOB Bank Hotline 1800-226-6121 (For Non-Individuals only)
Land Transport Authority 1800-CALL LTA (1800-2255 582)

 

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