COE premiums for big cars jumped 9% to $81,751

Small cars also jumped 3.87%.

According to a release, the Land Transport Authority (LTA) received 2,924 bids at the end of the June second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,650 were successful.

COE premiums for small cars (Cars 1,600cc and below) jumped 3.87% to $69,903. Meanwhile, COE premiums for big cars *(Cars 1,601cc and above) also climbed 9% to $81,751.

COE results for previous bidding exercises can be found on the “Facts and Figures” section of the One.Motoring website (https://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 December 2013. The transferable TCOEs will be valid till 30 September 2013. 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 via the LTA Open Bidding website which is available until 6.00 pm on Friday, 21 June 2013.