COE premiums for big cars slipped 7.9% to $73,010

That of small cars also down 2.4%.

The Land Transport Authority (LTA) received 2,511 bids at the end of the December first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,718 were successful.

COE premiums for big cars (Cars 1,601cc and above) slipped 7.9% to $73,010 while those for small cars dipped 2.44% to $73,160.

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).

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the December 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 June 2014. The transferable TCOEs will be valid till 14 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.

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