Results of October 2016 First Open Bidding Exercise for Certificates Of Entitlement

News Releases 05 Oct 2016 COE results

The Land Transport Authority (LTA) received 6,095 bids at the end of the October first open bidding exercise for Certificates of Entitlement (COEs). Of these, 4,191 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 up to 1600cc & 97kW (130bhp))

2,064

$51,507

2,938

1,979

85

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

1,350

$53,001

1,785

1,246

104

Category D
(Motorcycles)

387

$6,353

498

359

28

TRANSFERABLE CATEGORIES

Category C
(Goods vehicles and buses)

176

$48,702

232

172

4

Category E
(Open)

436

$54,200

642

435

1


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 October 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 April 2017.  The transferable TCOEs will be valid till 14 January 2017. 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, 7 October 2016.

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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