singexpat
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- Dec 8, 2008
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HK taxi license dropped from SGD 1.25 mil to SGD 800+k due to COVID.
If you can come up with the deposit of SGD 170k, taxi managing company gives a confirmed minimum basic return of SGD 3K++ a month which is enough to cover over the monthly loan ( unless the industry collapses )
Returns ard 4.6%
HK bans ride sharing, so unlike New York's medallion it should not crash that badly . .
Thoughts ?
But u need to find cabbies to rent from you?


