COE Open Bidding Overview

Benefits

• Convenient Online Bidding
  • You can enjoy the convenience of online bidding for COEs under LTA's Open Bidding scheme. Submit one or multiple bids at a go, during the exercise period. You can also revise bids upwards at any time, as often as you like, before the cut-off time.
• Ease of Use
  • User-friendly and intuitive web-interface makes it easy for you to navigate around the website and perform your required tasks
• Online Folder Management
  • You can draft your bids before the exercise starts and store them in online folders for easy management (only for Motor Traders)
• Real-Time Access
  • UOB OCOE Service offers you a real-time link to LTA’s bidding system. You can enquire:
  • Current COE prices
  • Availability of COEs for each category
  • Number of bids in each category
  • Bid status

Eligibility

• Rates & Fees
  • A one-time bid deposit is required for every new bid submitted. Currently, this bid deposit is set by LTA at S$10,000 for all categories except Category D
  • A S$10 administration fee is charged for every bid submission/revision made
    
• Requirements
  • Corporate customers and Motor Traders are eligible to apply for this service
  • To use our COE Open Bidding Service, your company will need to maintain a UOB Current Account (SGD)
  • You will also need a PC with the following minimum system requirements:
    • Minimum Pentium 133Mhz with 32MB RAM
    • Windows 9x, NT, ME
    • Internet access with minimum 56Kbps connection
    • Internet Explorer 5.0 or above

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