Results of March 2017 Second Open Bidding Exercise for Certificates Of Entitlement

News Releases 29 Mar 2017 COE results

The Land Transport Authority (LTA) received 6,529 bids at the end of the March second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 4,457 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))

2,096

$51,765

2,961

2,096

0

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

1,357

$54,000

2,081

1,345

12

Category D (Motorcycles)

355

$8,081

453

354

1

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

164

$47,036

251

163

1

Category E (Open)

499

$54,501

783

499

0

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 30 September 2017.  The transferable TCOEs will be valid till 30 June 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:

Bidders can check the status of their bids via the LTA Open Bidding website which is available until 6.00 pm on Friday, 31 March 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 January 2017 to March 2017 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for April 2017 with effect from Friday, 31 March 2017.

The PQP for the four categories for the month of April 2017[1] are as follows:

Prevailing Quota Premiums

April
2017

March
2017

Difference

Category A (Cars up to 1600cc & 97kW (130bhp)), and taxis[2])

$50,230

$49,429

$801

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

$52,008

$50,347

$1,661

Category C (Goods vehicles and buses)

$48,009

$48,788

-$779

Category D (Motorcycles)

$6,814

$6,256

$558

Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, and can also be downloaded from our website at www.onemotoring.com.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.

[2] PQP payable for registration of new taxi

 

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