August 2012 Second Open Bidding Exercise for Certificates Of Entitlement

News Releases 17 Aug 2012 COE bidding

 The details of the August 2012 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens:        Tuesday, 21 August 2012, 12 noon

Tender closes:        Thursday, 23 August 2012, 4.00 pm

Tender results:       Thursday, 23 August 2012       
(Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 1,627 for the following vehicle categories:

NON-TRANSFERABLE CATEGORIES:

Category A :       Cars (1,600cc and below)        400

Category B :       Cars (1,601cc and above)        351

Category D :       Motorcycles        448

TRANSFERABLE CATEGORIES:

Category C :       Goods Vehicles and Buses        181

Category E :       Open Category        247

COEs for categories C and E are valid upon receipt until 30 November 2012 whilst COEs for categories A, B and D are valid until 28 February 2013.

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 phone banking services.

The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid application while that for Category D is $200 per bid application.

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 (https://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 August 2012. 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) and/or 1800-111 1111 (For Personal Account)

  • OCBC Hotline 1800-363-3333

  • Citibank Hotline 1800-225-5225

  • UOB Bank Hotline 1800-226-6121 (For Non-Individuals only)

  • Land Transport Authority 1800-CALL LTA (1800-2255 582)

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