Results of June 2016 First Open Bidding Exercise for Certificates Of Entitlement
The Land Transport Authority (LTA) received 9,717 bids at the end of the June first open bidding exercise for Certificates of Entitlement (COEs). Of these, 4,823 were successful. Detailed results of the tender are as follows: Quota Quota Premium Total Bids Received Number of Successful Bids Unused Quota carried forward NON-TRANSFERABLE CATEGORIES Category A (Cars up to 1600cc & 97kW (130bhp)) 2,218 $53,694 4,545 2,213 5 Category B (Cars above 1600cc or 97kW (130bhp)) 1,470 $56,000 3,436 1,463 7 Category D (Motorcycles) 407 $6,302 529 395 12 TRANSFERABLE CATEGORIES Category C (Goods vehicles and buses) 228 $46,434 347 219 9 Category E (Open) 536 $55,100 860 533 3
COE results for previous bidding exercises can be found on the “Facts and Figures” section of the ONE.MOTORING website (http://www.onemotoring.com.sg).
The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the June 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 December 2016. The transferable TCOEs will be valid till 14 September 2016.
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.
Credits:
Convenient and Hassle-Free- Consumer Protection
Transparent Process
With No Obligation
Get the Best Price for your used car
from 500+ dealers in 24 hours
