LTA rejects 636 bids for Certificates of Entitlement

Bidders may now check their status.

According to a release, the Land Transport Authority (LTA) received 2,187 bids at the end of the December first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,551 were successful.

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the December 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 June 2013. The transferable TCOEs will be valid till 14 March 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 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, 7 December 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.