February open bidding exercise for COEs to kick off

Tender will open on Monday, 4 February.

According to an LTA release, the tender for the February 2013 first open bidding exercise for Certificates of Entitlement (COEs) will open on Monday, 4 February at 12 noon. It will close on Wednesday, 6 February at 4 pm. Tender results will be available on the same day via www.onemotoring.com.sg.

The total quota available for this tender is 1,611 for all the vehicle categories.

For small cars (1,600cc and below), 335 tenders will be accepted. Cars under category B will accept 302, while motorcycles will accept 506 bids.

COEs for categories C and E are valid upon receipt until 14 May 2013 whilst COEs for categories A, B and D are valid until 14 August 2013.

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 or the LTA Open Bidding website (https://ocoe.lta.gov.sg).