Results Of November 2007 First Open Bidding Exercise For
Certificates Of Entitlement

The Land Transport Authority (LTA) received 7,237 bids at the end of the November first open bidding exercise for Certificates of Entitlement (COEs). Of these, 5,130 were successful. Detailed results of the tender are as follows:

 

Quota

Quota Premium

Total Bids Received

Number of Successful Bids

Unused Quota carried forward

NON-TRANSFERABLE CATEGORIES

Category A (Cars 1,600cc and below, and taxis)

2,164

$16,839

3,040

2,149

15

Category B (Cars 1,601cc and above)

1,125

$18,001

1,438

1,087

38

Category D (Motorcycles)

448

$1,301

574

433

15

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

352

$15,001

532

350

2

Category E (Open)

1,112

$17,809

1,653

1,111

1

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).

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the November second open bidding exercise.

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 14 May 2008. The transferable TCOEs will be valid till 14 February 2008. 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 until 6.00 pm on Friday, 9 November 2007, and via the LTA Open Bidding Phone System until 14 November 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 tender exercise, whichever is lower.


 
 Last Updated on 07/11/2007

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