LTA rejects 533 bids for Certificate of Entitlement

While COE premiums for cars went down.

According to an LTA release, they received 2,097 bids at the end of the February first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,564 were successful.

COE results for previous bidding exercises can be found on the One.Motoring website (https://glutenfreepleasure.com/__proxy_domain/www.onemotoring.com.sg).

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the February 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 August 2013. The transferable TCOEs will be valid till 14 May 2013. TCOEs issued to companies are not transferable.

Successful applicants will be notified within the week. Bidders can check the status of their bid applications via the LTA Open Bidding website which is available until 6.00 pm on Friday, 8 February 2013.

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