Private-Hire Car Registrations by Individual Owners Rise 70% in Singapore
Published
The number of private-hire cars registered by individual owners in Singapore has risen by 70 per cent, according to a report from The Business Times. The increase is measured against the same period in the previous year, and it shows a strong growth in this type of vehicle ownership.
Private-hire cars are vehicles that are registered to be used for paid passenger transport, such as rides booked through ride-hailing apps. In Singapore, these vehicles must be registered with the Land Transport Authority before they can carry passengers for payment. Individual-owned vehicles are cars owned by private persons rather than by companies or fleet operators.
The report focuses on individually owned vehicles, so it does not cover all private-hire cars on the road. Fleet operators and rental companies also register vehicles for private-hire use, and their numbers are not part of this figure. Readers should keep this in mind when comparing the figures with other transport data.
The rise in registrations is a clear sign of growing interest in private-hire driving among individual car owners in Singapore. The Business Times will likely continue to follow the trend as new monthly figures are released.
Sources: The Business Times
More Singapore news
- Singapore Needs More Tech Companies to Grow Its Stock Market, HSBC Strategist Says
- Singapore Tech Shares Rebound After Last Week's Sell-Off
- Databricks Plans to Double Its Singapore Team to 500 Staff
- Visa Sets Up Six Technology Hubs in New Singapore Centre
- US Congress Faces Possible Impeachment Fight Over Defence Secretary Pete Hegseth
- Giving Former Politicians Room to Return to Normal Life in Singapore
- Singapore Cloud Firm Megaspeed Faces Renewed US Scrutiny
- Iran Calls for Stronger Economic and Trade Ties with Singapore