COE Bid Revision Patterns During Bidding Window in COE Exercises

Mr Victor Lye asked the Acting Minister for Transport (a) what proportion of bids in each COE exercise are revised upwards during the bidding window; and (b) whether such bid revisions are predominantly associated with dealer-linked bids or individual bidders.

Mr Jeffrey Siow: In 2025, 28% of all bids were revised during the bidding window, of which the vast majority were bids submitted by motor dealers.