COE premiums for small cars jumped 4.6% to $73,100

But that of big cars slipped 5.7%.

According to a release, the Land Transport Authority (LTA) received 2,833 bids at the end of the July first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,699 were successful.

COE premiums for small cars (Cars 1,600cc and below) climbed 4.6% to $73,100 while that of big cars (Cars 1,601cc and above) dropped 5.7% to $77,110.

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 July 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 January 2014. The transferable TCOEs will be valid till 14 October 2013. 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.