The Land Transport Authority (LTA) received 11,458 bids at the end of the October second open bidding exercise for Certificates of Entitlement (COEs). Of these, 6,530 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 upon receipt of the TCOE notification letters. The non-transferable TCOEs will be valid till 30 April 2006. The transferable TCOEs will be valid till 31 January 2006. 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, which is only available until 6.00 pm on Friday, 21 October 2005, and via the LTA Open Bidding Phone System until 2 November 2005.

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 August 2005 to October 2005 tender exercises. Owners of existing vehicles can renew their COEs using the PQP for November 2005 with effect from Friday, 21 October 2005.

The PQP for the four categories for the month of November 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.