COE premium for small cars edged up 0.8% to $62,999

But that of big cars slipped to $61,700.

The Land Transport Authority (LTA) received 2,991 bids at the end of the May first open bidding exercise for Certificates of Entitlement (COEs). Of these, 1,702 were successful. Detailed results of the tender are as follows.

Category B cars (1,601cc and above) came in at $61,700 from last month's $62,000, down -0.48%. Meanwhile, category A cars (1,600cc and below) surged 0.8% to $62,999 from last month's $62,497.

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

The Prevailing Quota Premiums (PQP) for existing vehicles fall under Categories A to D will be available after the May 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 November 2013. The transferable TCOEs will be valid till 14 August 2013. TCOEs issued to companies are not transferable.

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