CNA938 Rewind - #TalkBack: Could the PARF reduction reshape Singapore’s car market?
The Preferential Additional Registration Fee (PARF) rebate — the amount you get back when you scrap your car early — will be reduced by 45 percentage points. The cap will also be halved, from $60,000 to $30,000. What does this mean for the average driver? Daniel Martin speaks with Say Kwee Neng, automotive industry veteran and consultant.
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22 min