The Land Transport Authority (LTA) received 7,787 bids at the end of the September second open bidding exercise for Certificates of Entitlement (COEs).  Of these, 5,323 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 bidding exercise upon receipt of the TCOE notification letters.  The non-transferable TCOEs will be valid till 31 March 2008.  The transferable TCOEs will be valid till 31 December 2007.  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 ca 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 September 2007, and via the LTA Open Bidding Phone System until 21 September 2007.

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 bidding exercise, whichever is lower.

Prevailing Quota Premiums for Existing Vehicles

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 the July 2007 to September 2007 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for October 2007 with effect from Friday, 21 September 2007.

The PQP for the four categories for the month of October 2007 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.