CNA938 Rewind - PARF rebate cut: Will car ownership in Singapore get more expensive?
The Government has announced changes to the PARF rebate in Budget 2026 including lower rebate rates and a reduced cap. But what does this really mean for motorists? Andrea Heng and Hairianto Diman break down how the revised PARF formula works, why the changes were introduced, and how they could reshape car ownership decisions. For that, they speak with Christopher Tan, Veteran Transport Journalist & Associate Lecturer, SUSS.