The Land Transport Authority (LTA) received 4,461 bids at the end of the February second open bidding exercise for Certificates of Entitlement (COEs). Of these, 2,918 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 August 2010. The transferable TCOEs will be valid till 31 May 2010. 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 (https://ocoe.lta.gov.sg)
• Citibank Internet Banking (www.citibank.com.sg)
• 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 and the LTA Open Bidding Phone System, which is available until 6.00 pm on Friday, 26 February 2010.

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 December 2009 to February 2010 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for March 2010 with effect from Friday, 26 February 2010.

The PQP for the four categories for the month of March 2010 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.