EconomicSingapore·30 Oct 2026
Singapore updates loan limits for private-hire vehicle purchases
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On October 30, the Singapore government implemented stricter loan limits for individual buyers of private-hire vehicles (PHVs), capping loans at 60 to 70 percent of the purchase price and limiting tenures to seven years. The policy was triggered by a surge of approximately 500 monthly registrations of self-drive private-hire cars, which authorities…
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