LTA raises bid deposit for motorcycle COEs and halves validity period - The Straits Times

The bid deposit will be raised from $200 to $800 while the validity will be halved to 3 months starting next week. . Read more at straitstimes.com.

Industry players have said repeatedly that speculative trading and hoarding by big dealerships were largely responsible for the sharp and relentless climb in prices. As bid deposits are forfeited whe… [+932 chars]

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