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| August 2006 First Open Bidding Exercise For Certificates Of Entitlement |
The details of the August 2006 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
The total quota available for this tender is 5,498 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES:
TRANSFERABLE CATEGORIES:
COEs for categories C and E are valid upon receipt until 14 November 2006 whilst COEs for categories A, B and D are valid until 14 February 2007. 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 on 10 August 2006. 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:
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