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Results of March 2012 First Open Bidding Exercise for

Results of March 2012 First Open Bidding Exercise for
Certificates Of Entitlement

The Land Transport Authority (LTA) received 2,751 bids at the end of the March first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,876 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)

667

$56,551

912

649

18

Category B (Cars 1,601cc and above)

354

$79,304

626

352

2

Category D (Motorcycles)

413

$1,490

474

407

6

TRANSFERABLE CATEGORIES

Category C (Goods vehicles and buses)

163

$50,009

247

159

4

Category E (Open)

309

$76,881

492

309

0

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 March 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 September 2012. The transferable TCOEs will be valid till 14 June 2012. 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:

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, 9 March 2012.

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.

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