Personal Finance
Taxi fares in Singapore
By Tan Kin Lian  •  December 28, 2007
By: Tan Kin Lian Fares and surcharges Applicable to CityCab, Comfort, Yellow-Top Cab, SMRT Taxis. Different fares apply to other operators Flagdown fare: S$2.80 (≤ 1 km) Meter fare S$0.20 (every 385 m thereafter or less > 1 km and ≤ 10 km) S$0.20 (every 330 m thereafter or less > 10 km) Waiting: S$0.20 (every 45 seconds or less) Booking S$3.50 (0730 - 0930 and 1700 - 2300 hours Monday - Friday) S$2.50 (all other times including public holidays) S$5.20 (advance) Peak hours 35% of metered fare (0700 - 0930 and 1700 - 2000) Late night 50% of meter fare (0000 - 0559 hours) Public holidays S$1.00 (1800 hours eve to 2400 hours of New Year's Day, Hari Raya Puasa, Deepavali, Christmas Day, first and second day of Chinese New Year. Should public holiday fall on a Sunday, the surchage will be imposed till 2400 hrs on Monday) CBD S$3.00 (1700 - 0000 hours, Monday - Saturday, except public holidays) Locations S$5.00 (Singapore Changi Airport: Friday - Sunday from 1700 to 0000 hours) S$3.00 (Singapore Changi Airport: all other times) S$3.00 (Seletar Airport) S$2.00 (Singapore Expo) Higher flag-down rates for certain models. All Electronic Road Pricing charges incurred on the trip are to be borne by the customer. An additional 10% administrative charge on the total fare is also incurred when payment is made on credit or charge cards. Higher fares apply for premium taxi services that employ premium vehicles, such as CityCab's Presido and MaxiCab, Yellow-Top Cab's Sovereign limousines, SMRT's Prestige and London Taxi and Airport Transfer service, and so on. Observation: Singapore must win the award for the most complicated taxi fare structure in the world. Source: tankinlian.com My Comments I agree with Mr Tan that our Taxi fare structure is indeed very complicated. While I will now think twice before taking a cab, it won't be long before we get used to it just like GST and our bus fares. On the bright side, I believe that their shareholders will be very happy. No wonder companies like ComfortDelGro and SMRT are considered good stocks to keep in times of rising inflation. Additional Reading: Taxi fares in Hong Kong Taxi fares in Taipei
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By Tan Kin Lian
Mr Tan Kin Lian (fomer NTUC Income CEO) started his insurance career in 1966 in a local life insurance company. He has also worked in various positions as a computer programmer, organisation and methods officer and consulting actuary. Mr Tan writes daily in his blog. The information in his blog is transparent and has an open approach.
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