Results of June 2011 Second Open Bidding Exercise for COE

Results of June 2011 Second Open Bidding Exercise for Certificates of Entitlement

The Land Transport Authority (LTA) received 2,625 bids at the end of the June second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,848 were successful. Detailed results of the tender are as follows:

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 December 2011. The transferable TCOEs will be valid till 30 September 2011. 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, 24 June 2011.

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 April 2011 to June 2011 bidding exercises. Owners of existing vehicles can renew their COEs using the PQP for July 2011 with effect from Friday, 24 June 2011.

The PQP for the four categories for the month of July 2011 are as follows:

Application forms for renewal of COEs are available at LTA, 10 Sin Ming Drive, and can also be downloaded from our website at www.onemotoring.com.sg.

Adapted from OneMotoring.

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