The Land Transport Authority (LTA) received 7,264 bids at the end of the December second open bidding exercise for Certificates of Entitlement (COEs). Of these, 6,177 were successful. Detailed results of the tender are as follows:

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 tender exercise can be used upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 30 June 2005. The transferable TCOEs will be valid till 31 March 2005. 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 bid applications through the following channels:

• LTA Open Bidding Phone System (Tel: 6362 1465)
• LTA Open Bidding website (http://ocoe.lta.gov.sg )
• Citibank Internet Banking ( www.citibank.com.sg )
• Citibank Phone Banking (Tel:1800- 883 1118)
• OCBC Phone Banking (Tel: 1800- 363 3333)
• UOB Internet Banking ( www.uobgroup.com )

Bidders can check the status of their bid applications via the LTA Open Bidding website is only available until 6.00 pm on Friday, 24 December 2004, and via the LTA Open Bidding Phone System until 29 December 2004.

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 tender exercise, whichever is lower.

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 October 2004 to December 2004 tender exercises. Owners of existing vehicles can renew their COEs using the PQP for January 2005 with effect from Saturday, 25 December 2004.

The PQP for the four categories for the month of January 2005 are as follows:

Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, vehicle inspection centres and road tax collection centres. The application form can also be downloaded from our website at www.onemotoring.com.sg.