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Impact of PARF Reduction on New Car Prices, Depreciation Rates and COE Renewal Behaviour
1 Mr Victor Lye asked the Acting Minister for Transport (a) whether studies were conducted on the impact of the revised Preferential Additional Registration Fee (PARF) rebate schedule on (i) car depreciation rates (ii) new car demand and (iii) COE renewal behaviour; and (b) whether the findings can be shared.