3 years lock in period for vehicles registered from Feb 19 as business-owned private-hire cars, says LTA

[Voodooman]

For those into podcasts.

Why PHV should have separate category and why national sales companies are pushing up COE premium..

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[Spidey10]

  On 3/9/2025 at 12:25 PM, steveting99 said:

At the end of 2024, there are 90,383 PHV on the road. This is up by 8,629 more than at the end of 2023 - net of deregistrations. Record prices of CoE for both Cat A and Cat B was set in 2024 based on Straits Times article here: https://www.straitstimes.com/singapore/transport/records-set-in-three-coe-categories-open-category-coe-soars-to-158004. PHV is the fastest growing segment and up 6.5x (or 550%) since 2011 - the year before Grab was founded with just 13,919 PHVs on the road. From 2011 to 2024, the number of cars and station wagons in Singapore has only increased by 9%. 

Over that same time period the number of taxis have dropped by more than 50% to just 13,117 on the road at the end of 2024. The taxi uncles have figured out that being a PHV / Grab driver is much better than working for Comfort Delgro. If you put taxis and PHVs together that's serving the general public for transportation there are 103,500 of them on the road now.  If the intent by Singapore government was to put vehicles in use rather than having them sit in parking lots all day - goal has been achieved.

With 43,022 new car registrations in 2024, the 8,629 PHVs in 2024 means 1 out of 5 new registrations went to them. Can understand why CoEs will remain high as there will be constant demand from PHVs. Suspect this is the main reason why there won't be another CoE category for PHVs. How many more PHVs will be added in 2025? Only time will tell. PHVs will be the goose that continues to lay platinum (instead of golden eggs) for LTA.

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and why kill the goose that lay the platinum eggs....of course, of course.

Simple aritmetric, but our MP still denying the fact that the reason for the surge of prices is not due to PHV? 1+1= Not equal to 2...

really strange, wanna hide here and hide there, must hide it smart lah.....