Oral Reply by Senior Minister of State for Transport Dr Amy Khor to Parliamentary Question on Impact of the Three-Year Private-Hire Car Lock-In Rule on COE Prices

Ms Mariam Jaafar asked the Minister for Transport in light of the new rule which requires businesses that acquire private-hire cars meant for ride-hailing services to keep them for three years before they can be converted or transferred to individuals to ensure a steady supply of ride hailing vehicles, whether a study has been done on the impact of the new rule on private-hire cars on the COE market and COE prices. 

Reply by Senior Minister of State for Transport Dr Amy Khor:

1.     I thank the Member for her question. MOT will be sharing more details regarding the review of the point-to-point transport sector at the upcoming COS debate, and this question will be addressed then.