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Motorcycle COE revisions will take time to have an impact
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The bid deposit for motorcycle COEs will be raised from $200 to $800, and the validity of a secured COE will be halved to three months.
ST PHOTO: GIN TAY
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SINGAPORE - The Land Transport Authority (LTA) announced new measures on Monday (March 14) to moderate premiums for motorcycle certificates of entitlement (COEs) from the record levels seen in recent months.
The changes - raising the bid deposit from $200 to $800 and halving the validity period of COEs from six months to three - are relatively mild steps to address the drivers behind the persistent rise in motorcycle COEs.
