Companies in Singapore barred from selling private-hire cars to individuals for three years after registration

The Land Transport Authority said the move is to stabilise the supply of vehicles used to provide ride-hailing services. - ST

SINGAPORE: From Wednesday (Feb 19), companies will have to keep their private-hire cars (PHCs) meant for ride-hailing services for three years before the cars can be converted out of the scheme or transferred to individuals.

In a statement on Feb 19, the Land Transport Authority (LTA) said the move is meant to stabilise the supply of vehicles used to provide ride-hailing services.