Singapore’s Land Transport Authority (LTA) has recently announced new and tighter regulations on the sale of private-hire vehicles (PHVs). Effective from 19 February 2025, companies must retain ownership of their private-hire vehicles (PHVs) intended for ride-hailing services for a minimum of three years before selling them to individuals. This move aims to address concerns about the rapid turnover of PHVs into the private car market, which has implications for both vehicle oversupply ...

Read More