2nd COE open bidding exercise on Monday.

2nd COE open bidding exercise on Monday.

OneShift Editorial Team
OneShift Editorial Team
14 Jan 2011

COEs for categories C and E are valid upon receipt until Apr 30, while COEs for categories A, B and D are valid until July 31.

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 call the LTA Open Bidding Phone System at 6362-1465. The public can check current COE prices @ http://www.oneshift.com/new_cars/lcoe.php

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. The public is 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 4pm, Jan 19

Credits: iankan

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