The Land Transport Authority (LTA) received 7,894 bids at the end of the March second open bidding exercise for Certificates of Entitlement (COEs). Of these, 4,205 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 |
2,053 |
$45,504 |
3,836 |
2,020 |
33 |
|
Category B |
1,220 |
$46,502 |
2,491 |
1,218 |
2 |
|
Category D |
357 |
$6,589 |
429 |
356 |
1 |
|
TRANSFERABLE CATEGORIES |
||||||
Category C |
167 |
$46,502 |
226 |
166 |
1 |
|
Category E |
452 |
$46,667 |
912 |
445 |
7 |
|
COE results for previous bidding exercises can be found on the “Facts and Figures” section of
the ONE.MOTORING website (https://onemotoring.lta.gov.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 30 September 2016. The transferable TCOEs will be valid till 30 June 2016. 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 bids 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 bids via the LTA Open Bidding website which is available
until 6.00 pm on Friday, 25 March 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
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 January 2016 to March 2016 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for April 2016 with effect from Friday, 25 March 2016.
The PQP for the four categories for the month of April 2016[1] are as follows:
Prevailing Quota Premiums |
April |
March 2016 |
Difference |
Category A |
$46,077 |
$49,541 |
-$3,464 |
Category B |
$47,450 |
$50,932 |
-$3,482 |
Category C |
$45,662 |
$45,447 |
$215 |
Category D |
$6,559 |
$6,560 |
-$1 |
downloaded from our website at onemotoring.lta.gov.sg.
Cessation of OCBC’s COE Bidding Services
OCBC will cease its COE Open Bidding services with effect from the April 2016 first bidding exercise.
Prospective bidders can submit their bids using other banks’ services such as ATMs of
DBS/POSB or UOB Internet Banking.
[1] Cars that were registered/converted using TCOEs obtained before the Feb 2014 1st bidding exercise will continue to be classified 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 classifications as described in the table below.
[2] PQP payable for registration of new taxi
