April 2008 Second Open Bidding Exercise For Certificates Of Entitlement

News Releases 18 Apr 2008 COE bidding

 

The details of the April 2008 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 21 April 2008, 12 noon

Tender closes: Wednesday, 23 April 2008, 4.00 pm

Tender results: Wednesday, 23 April 2008
(Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 4,866 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:

Category A : Cars (1,600cc and below) & taxis 2,036

Category B : Cars (1,601cc and above) 1,119

Category D : Motorcycles 455

TRANSFERABLE CATEGORIES:

Category C : Goods Vehicles and Buses 379

Category E : Open Category 877

COEs for categories C and E are valid upon receipt until 31 July 2008 whilst COEs for categories A, B and D are valid until 31 October 2008.

Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility provided by Citibank and UOB, or via the OCBC and Citibank phone banking services.

During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks' services, the LTA Open Bidding website (http://ocoe.lta.gov.sg), or by calling the LTA Open Bidding Phone System at telephone number: 6362 1465.

Members of the public can check the current COE price on the One.motoring website (http://www.onemotoring.com.sg) or on Teletext (Channel News Asia pages 521-523).

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 23 April 2008. 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
  • Citibank Hotline 1800-225-5225
  • UOB Bank Hotline 1800-222-2121
  • Land Transport Authority 1800-CALL LTA (1800-2255 582)

 

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