Higher rental rates, stricter service standards, competition from newcomers such as Uber and GrabCar, and higher incidence of traffic summonses have prompted many cabbies to give up driving taxis.
the single biggest factor behind the idle taxis is the higher rental rate. Daily rentals now range from around $130 for a regular cab to about $180 for a new Mercedes-Benz taxi - 50 per cent to 60 per cent higher than a decade ago.
http://www.straitstimes.com/singapore/transport/cant-find-cabs-on-the-road-try-the-yard
the single biggest factor behind the idle taxis is the higher rental rate. Daily rentals now range from around $130 for a regular cab to about $180 for a new Mercedes-Benz taxi - 50 per cent to 60 per cent higher than a decade ago.
http://www.straitstimes.com/singapore/transport/cant-find-cabs-on-the-road-try-the-yard