Singapore New Private Property Sales and Waste Reduction



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Wonder how’s the Singapore property market amid the COVID-19 pandemic? The new private property market showed a noticeable decrease in activity. From 976 in February 2020, property developers in Singapore sold 660 private homes in March 2020, of which a total of 578 were new private residential units:

  • 101 – Core Central Region (CCR)
  • 163 – Rest of the Central Region (RCR)
  • 314 – Outside the Central Region (OCR).

The top five best-selling new launches in March were:

  1. OLA– sold a total of 169 units
  2. JadeScape– sold a total of 75 units
  3. Treasure at Tampines
  4. Parc Esta
  5. Parc Canberra

The median price for OLA is $1,139 psf while for JadeScape is $1,719 psf.

Year on year, the number of new private homes sold in March 2020 dropped by 37%, compared to the 1,054 units sold in March 2019.

Singaporeans Generated Less Waste in 2019

Need some good news? Since 2017, there has been a consistent reduction in the waste generated by Singaporean households.
According to statistics from the National Environment Agency (NEA), the amount of solid waste generated in Singapore was:

  • 7.23 million tonnes in 2019
  • 460,000 tonnes in 2018.

Since we’re producing less waste, it’s not surprising that we also recycle less. Combined with the pandemic’s silver lining of less air pollution due to reduced vehicular traffic and factory emissions, this gives nature a much-needed respite.

Sources: The Straits Times, Today

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