Singapore Reinstates S$10,000 COE Bid Deposit for All Vehicle Categories Except Motorcycles

The bid deposit for Certificate of Entitlements (COE) in Categories A, B, C and E will be restored to S$10,000 per bid application from the bidding exercise in October, Singapore’s Land Transport Authority (LTA) said.

According to LTA, the COE bid deposit seeks to deter frivolous or speculative bids that deny genuine bidders from getting a COE.

In August last year, LTA reduced the COE bid deposit by 50 per cent from S$10,000 to S$5,000 per COE bid application for one year as a temporary relief measure to help businesses and prospective vehicle owners during the economic down- turn.

The bid deposit of S$200 for