COE Rebate Policy

Open Bidding System

• Mark the calendar: there are 2 COE Open Bidding exercises in a month. The bidding exercises usually start on the first Monday and third Monday of the month at 12pm and lasts for 3 working days. The exercises will usually end on the Wednesday in the same week at 4pm.
• You can submit your COE bid, enquire on the bid status and revise your reserve price through the following channels:

• You can check the current COE information on the ONE.MOTORING website and Teletext (Channel News Asia, pages 521-523).
• Submit your bid by indicating your reserve price, the maximum amount you are willing to pay for your COE. The minimum reserve price is $1 and the amount of bid must be in multiples of $1. Bid submitted cannot be withdrawn or revised downwards.
• A fixed bid deposit of $200 for category D (motorcycles) or $10,000 for other categories will be deducted from your bank account upon submission of your bid application.
• There will be an administration fee charged for each bid application and every subsequent revision.
• For more details, you may visit Demonstration Kit & User Guide.

• Unless you are representing a company or organisation, each applicant is permitted only one bid in each tender exercise.
• COEs in Categories A, B and D are non-transferable, while COEs in Categories C and E are transferable only once if the COEs were bid under the name of an individual. If the Categories C and E COEs were bid under the name of a company, business (including limited liability partnership, club, associations, etc.) or organization, the COEs are not transferable.Click here to see the different vehicle categories.
• You must register the vehicle within 6 months for Categories A, B and D and within 3 months for Categories C & E.
• At the time of registration, the difference between the QP and your deposit is payable. If your deposit is more than the QP, the difference will be used to offset ARF and RF involved in registering your vehicle.
• Motorcycle owners pay one-third of the QP in the Category E while Taxi owners will pay 80% of the QP (for new taxis) or PQP (for replacement taxis) of the applicable vehicle category with effect from 1 September 2003.
• A COE of 10 years will be issued for all vehicles except for taxis, where a COE of 8 years will be issued with effect from 1 September 2003.
• If you are not successful, the bid deposit will be automatically refunded to your bank account , one working day after the announcement of the bidding results. You may try bidding again in the next tender exercise.