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CNA Explains: Will new loan limits for private-hire cars mean less COE demand or higher ride-hailing prices?

CNA Explains: Will new loan limits for private-hire cars mean less COE demand or higher ride-hailing prices?
Photo: CNA — Singapore · view original

Individuals buying vehicles registered as private-hire cars can now only borrow up to 70 per cent of the car’s purchase price, compared with 100 per cent previously, but experts say it remains unclear whether this will lead to lower demand for COEs.

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