The bid deposit for Certificate of Entitlements (COE) in Categories A, B, C and E will be restored to $10,000 from $5,000 for each application.

This takes effect from October's first bidding exercise starting on Oct 4.

The COE bid deposit is intended to deter frivolous or speculative bids which deny genuine bidders from getting a COE.

In August last year, the Land Transport Authority (LTA) reduced the COE bid deposit by 50% from $10,000 to $5,000 per COE bid application for one year as a temporary relief measure to help businesses and prospective vehicle owners during the economic downturn.

This 1-year temporary reduction, valid for the COE bidding exercises conducted from October 2009 to September 2010, will expire in end September 2010.

As the bid deposit of $200 for Category D is significantly lower that the other COE Categories, no change to the deposit for vehicles in Category D was made.

All other terms and conditions for bidding of a COE remain unchanged.

Information on the COE bid deposit will also be available online at the One Motoring website (www.onemotoring.com.sg).