{
  "id": 17568334,
  "title": "Monthly individual-owned private-hire car registrations in Singapore rises 70% in 2026",
  "url": "https://urgent.news/2026/11/01/monthly-individual-owned-private-hire-car-registrations-in-singapore",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-01T08:47:12.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/monthly-individual-owned-private-hire-car-registrations-singapore-rises-70-2026"
  },
  "original_language": "en",
  "account": "In 2026, Singapore saw a significant surge in the number of individual-owned private-hire cars, with registrations increasing by an estimated 70% compared to the previous year. According to the Ministry of Transport (MOT), the monthly average of these vehicles rose from around 300 in 2025 to approximately 500 in 2026. This increase came into effect on October 30, when new financing limitations were imposed on individually-owned, self-drive private-hire cars. The loan quantum is now capped at 70% of the purchase price, and the maximum loan tenure is limited to seven years. The restriction applies to all individuals, including sole proprietors, who had previously been exempt as the cars were deemed for commercial use.",
  "summary": "Government looking into applying loan restrictions across other financing arrangements including in-house loans",
  "key_points": [
    "Singapore's private-hire car registrations rose by 70% in 2026.",
    "Monthly average increased from 300 to 500 vehicles.",
    "New financing limitations imposed on October 30."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}