December 2011 First Open Bidding Exercise for Certificates Of Entitlement
Land Transport AuthorityDec 02, 2011 11:49 SGT
The details of the December 2011 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:
Tender opens: Monday, 5 December 2011, 12 noon
Tender closes: Wednesday, 7 December 2011, 4.00 pm
Tender results: Wednesday, 7 December 2011
(Available on the www.onemotoring.com.sg website)
The total quota available for this tender is 1,910 for the following vehicle categories:
Category A : Cars (1,600cc and below) & taxis 549
Category B : Cars (1,601cc and above) 354
Category D : Motorcycles 416
Category C : Goods Vehicles and Buses 242
Category E : Open Category 349
COEs for categories C and E are valid upon receipt until 14 March 2012 whilst COEs for categories A, B and D are valid until 14 June 2012.
Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility provided by Citibank and UOB, or via the OCBC phone banking services.
The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid application while that for Category D is $200 per bid application.
During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks' services, the LTA Open Bidding website (https://ocoe.lta.gov.sg), or by calling the LTA Open Bidding Phone System at telephone number: 6362 1465.
Members of the public can check the current COE price on the One.motoring website (http://www.onemotoring.com.sg) or on Teletext (Channel News Asia pages 521-523).
Although the COE Open Bidding System has been designed to handle large numbers of bids, transmission of bid data through the system could be delayed by external factors. Hence, members of the public are advised to bid early, as the system will only process bid submissions or reserve price revisions that reach the processing system before the closing time at 4.00 pm on 7 December 2011. Bid data that is sent to the processing system at the last minute, but fails to reach the system before the closing time will not be processed.
For details on the open bidding facilities, members of the public can also contact the following:
- DBS/POSB Hotline 1800-222-2200 (For Corporate Account) & 1800-111-1111 (For Personal Account)
- OCBC Hotline 1800-363-3333
- Citibank Hotline 1800-225-5225
- UOB Bank Hotline 1800-226-6121 (For Non-Individuals only)
- Land Transport Authority 1800-CALL LTA (1800-2255 582)