COE- September 2010 1st Bidding Exercise

[Laworder17]

September 2010 First Open Bidding Exercise

for Certificates of Entitlement

 

The details of the September 2010 first open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 6 September 2010, 12 noon

 

Tender closes: Wednesday, 8 September 2010, 4.00 pm

 

Tender results: Wednesday, 8 September 2010

(Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 1,966 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

 

Category A: Cars (1,600cc and below) & taxis 631

 

Category B: Cars (1,601cc and above) 479

 

Category D: Motorcycles 342

 

TRANSFERABLE CATEGORIES:

 

Category C: Goods Vehicles and Buses 204

 

Category E: Open Category 310

 

COEs for categories C and E are valid upon receipt until 14 December 2010 whilst COEs for categories A, B and D are valid until 14 March 2011.

 

Bid applications can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB, the Internet Banking facility provided by Citibank and UOB, or via the OCBC phone banking services.

 

The bid deposit for COEs in Categories A, B, C and E is reduced by 50% from $10,000 to $5,000 per bid application for COE bidding exercises conducted from October 2009 to September 2010.

 

As the bid deposit of $200 for Category D is much lower compared to other COE Categories, there is no change to the bid deposit for Category D. All other terms and conditions for bidding of a COE remain unchanged.

 

During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banks' services, the LTA Open Bidding website ( https://ocoe.lta.gov.sg ), or by calling the LTA Open Bidding Phone System at telephone number: 6362 1465.

 

Members of the public can check the current COE price on the One.motoring website (http://www.onemotoring.com.sg ) or on Teletext (Channel News Asia pages 521-523).

 

Although the COE Open Bidding System has been designed to handle large numbers of bids, transmission of bid data through the system could be delayed by external factors. Hence, members of the public are advised to bid early, as the system will only process bid submissions or reserve price revisions that reach the processing system before the closing time at 4.00 pm on 8 September 2010. Bid data that is sent to the processing system at the last minute, but fails to reach the system before the closing time will not be processed.

[Walterkoh]

hi all,

 

my guess:

 

A: $30,308

B: $45,889

C: $33,508

E: $47,332

 

[Kangadrool]

7th month ends 7/9, SJX numbering exhausted. So, biddings increase this round.

[Picanto]

after a 3 wk break, sure increase

[Alechi]

Many ppl now not enuf $$ to buy properties, but 2nd or 3rd car still can. So my guess is ACROSS BOARD INCREASE.

[Laworder17]

COE Open Bidding

 

Bidding will end on 08/09/2010 16:00 hrs

Bidding status as at 08/09/2010 06:10:39.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 631 152

B CAR (ABOVE 1600CC) 1 479 31

C GOODS VEHICLE & BUS 1 204 0

D MOTORCYCLE 1 342 94

E OPEN 1 310 0

Source: Land Transport Authority

[Wiltanws]

A bit unusual for Cat A to receive so many bids by these hours.

 

Bidding status as at 08/09/2010 08:18:04.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 631 160

B CAR (ABOVE 1600CC) 1 479 33

C GOODS VEHICLE & BUS 1 204 0

D MOTORCYCLE 1 342 94

E OPEN 1 310 0

 

[Laworder17]

COE Open Bidding

 

Bidding will end on 08/09/2010 16:00 hrs

Bidding status as at 08/09/2010 09:27:44.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 631 171

B CAR (ABOVE 1600CC) 1 479 33

C GOODS VEHICLE & BUS 1 204 0

D MOTORCYCLE 1 342 94

E OPEN 1 310 0

Source: Land Transport Authority

[Laworder17]

A very interesting trend for today....... Cat A has quite a number of bids even with the increase of Deposit amt.

[Kangadrool]

long break, 7th month over, housing dampener in place, expensive tours from NATAS booked liao. Now, it's time to buy cars for some change left in the pocket.

Edited September 8, 2010 by Kangadrool

[SimonTan]

The restriction on second properties will likely allow more people to consider plonking down for a luxury car.

Going forward, I see the luxury car COE to shoot up the roof come year end.

 

Today is 3 weeks interval, looking at history, COE results is always will be higher than normal 2 weeks interval.

 

[Laworder17]

The restriction on second properties will likely allow more people to consider plonking down for a luxury car.

Going forward, I see the luxury car COE to shoot up the roof come year end.

 

Today is 3 weeks interval, looking at history, COE results is always will be higher than normal 2 weeks interval.

 

I agree with Simon, today the COE would rise for most Cat.....Unless there is some unknown factor...

[Laworder17]

COE Open Bidding

 

Bidding will end on 08/09/2010 16:00 hrs

Bidding status as at 08/09/2010 10:05:21.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 631 172

B CAR (ABOVE 1600CC) 1 479 33

C GOODS VEHICLE & BUS 1 204 0

D MOTORCYCLE 1 342 101

E OPEN 1 310 0

Source: Land Transport Authority

 

[Johnnylim]

Many ppl now not enuf $$ to buy properties, but 2nd or 3rd car still can. So my guess is ACROSS BOARD INCREASE.

 

People buy properties to invest/stay n value will appreciate, but car value will depreciate.

[Kangadrool]

If COE shoot up to the sky at 100K a piece, it'll be a appreciating asset. Will sell off my ride and take B-M-W instead.

 

Those who have dabbled in property at the peak will now be sitting on paper loss/real loss if forced to sell off.

Edited September 8, 2010 by Kangadrool

[Laworder17]

COE Open Bidding

 

Bidding will end on 08/09/2010 16:00 hrs

Bidding status as at 08/09/2010 10:33:46.00 hrs

Category Current COE Price ($) Quota Bids Received

A CAR (1600CC & BELOW) & TAXI 1 631 173

B CAR (ABOVE 1600CC) 1 479 33

C GOODS VEHICLE & BUS 1 204 0

D MOTORCYCLE 1 342 109

E OPEN 1 310 0

Source: Land Transport Authority

[Laworder17]

If COE shoot up to the sky at 100K a piece, it'll be a appreciating asset. Will sell off my ride and take B-M-W instead.

 

Those who have dabbled in property at the peak will now be sitting on paper loss/real loss if forced to sell off.

 

I will join you bro.....Hahaha

[Ben5266]

I agree with Simon, today the COE would rise for most Cat.....Unless there is some unknown factor...

Maybe, just maybe, someone just book a BMW or Jaguar, and is funded by his profit from flipping condo. But then suddenly, the buyer cancel buy condo. He LL has to cancel buy car. All happened in the last 10 days...

Then the dealers have no time to refill the orders... >1600cc COE crash.