Results of February 2011 Second Open Bidding Exercise for
Certificates Of Entitlement |
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The Land Transport Authority (LTA) received 2,901 bids at the end of the February second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,828 were successful. Detailed results of the tender are as follows:
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Quota
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Quota Premium
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Total Bids Received
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Number of Successful Bids
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Unused Quota carried forward
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NON-TRANSFERABLE CATEGORIES
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Category A (Cars 1,600cc and below, and taxis)
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511
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$42,999
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788
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494
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17
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Category B (Cars 1,601cc and above)
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424
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$62,000
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726
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423
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1
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Category D (Motorcycles)
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330
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$2,001
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461
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294
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36
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TRANSFERABLE CATEGORIES
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Category C (Goods vehiclesand buses)
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287
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$29,011
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368
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282
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5
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Category E (Open)
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336
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$62,001
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558
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335
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1
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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 August 2011. The transferable TCOEs will be valid till 31 May 2011. 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:
Bidders can check the status of their bid applications via the LTA Open Bidding website and the LTA Open Bidding Ph
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