The Land Transport Authority (LTA) received 5,732 bids at the end of the January second open bidding exercise for Certificates of Entitlement (COEs). Of these, 3,877 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)) |
1,846 |
$50,889 |
2,437 |
1,766 |
80 |
|
Category B (Cars above 1600cc or 97kW (130bhp)) |
1,246 |
$52,807 |
1,967 |
1,226 |
20 |
|
Category D (Motorcycles) |
377 |
$6,052 |
412 |
331 |
46 |
|
TRANSFERABLE CATEGORIES |
||||||
Category C (Goods vehicles and buses) |
186 |
$47,001 |
254 |
173 |
13 |
|
Category E (Open) |
400 |
$52,600 |
662 |
381 |
19 |
|
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 2017. The transferable TCOEs will be valid till 30 April 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 bids through the following channels:
- LTA Open Bidding website (https://ocoe.lta.gov.sg)
- 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, 20 January 2017.
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 2016 to January 2017 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for February 2017 with effect from Friday, 20 January 2017.
The PQP for the four categories for the month of February 2017[1] are as follows:
Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, and can also be downloaded from our website at onemotoring.lta.gov.sg.
[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.
