August 2013 Second Open Bidding Exercise for Certificates Of Entitlement

News Releases 16 Aug 2013 COE bidding

The details of the August 2013 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

Tender opens: Monday, 19 August 2013, 12 noon

Tender closes: Wednesday, 21 August 2013, 4.00 pm

Tender results: Wednesday, 21 August 2013
(Available on the www.onemotoring.com.sg website)

The total quota available for this tender is 1,759 for the following vehicle categories: 

NON-TRANSFERABLE CATEGORIES: 

Category A : Cars (1,600cc and below)                               366

Category B : Cars (1,601cc and above)                               375

Category D : Motorcycles                                                  491


TRANSFERABLE CATEGORIES: 

Category C : Goods Vehicles and Buses                                263

Category E : Open Category                                               264


COEs for categories C and E are valid upon receipt until 30 November 2013 whilst COEs for categories A, B and D are valid until 28 February 2014.

Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility of 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 or the LTA Open Bidding website (https://ocoe.lta.gov.sg).

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 on 21 August 2013.  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

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

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

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