Bid Deposit Increased to $800 and
Temporary COE Validity Period Shortened to 3 Months
To encourage prudent bidding behaviour, the Land Transport Authority will adjust the Category D COE bid deposit from $200 to $800. The COE bid deposit will only be forfeited if the temporary COE (TCOE) issued to each successful bidder is not used to register a motorcycle before it expires.
2. Concurrently, the TCOE validity period will be shortened from 6 months to 3 months. A TCOE, which has not been used to register a motorcycle within 3 months, will be forfeited and returned to the bidding pool in the next COE quarter. This will allow unutilised TCOEs to be returned to the market more quickly.
3. The changes will take effect concurrently from the second COE bidding exercise in March 2022 (taking place from 21 to 23 March 2022) and apply to TCOEs obtained from this exercise onwards. The changes are illustrated in the table below:
|
Current |
With effect from second COE bidding exercise in March 2022 |
Category D COE Bid Deposit |
$200 |
$800 |
Category D TCOE Validity Period |
6 months |
3 months |
4. Category D TCOEs that have already been obtained before the second COE bidding exercise in March 2022 will not be affected. These changes do not apply to other COE categories.
