Over 1 in 5 cars registered in Q1 a private-hire vehicle
Car distributors flag concerns about rising COE premiums as well as fate of private car ownership and taxi operators
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Singapore
MORE than one out of every five new cars registered in Singapore so far this year was a private-hire vehicle, leaving some car distributors worried about the fate of private car ownership.
In the first three months of this year, 5,100 private-hire or rental cars were registered (see table), accounting for 22.9 per cent of the total 22,315 new cars put on the road in the first quarter.
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