COE premiums for big cars up 3.68% to $75,700

That of small cars also inched up 1.15%.

According to a release, the Land Transport Authority (LTA) received 2,467 bids at the end of the December second open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,745 were successful.

COE premiums for big cars inched up 3.68% to $75,700 while that of small cars increased by 1.15% to $74,002.

COE results for previous bidding exercises can be found on the “Facts and Figures” section of the ONE.MOTORING website (https://www.onemotoring.com.sg).

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 30 June 2014. The transferable TCOEs will be valid till 31 March 2014. 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.