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	<title>Singapore food imports Archives - International Finance</title>
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	<title>Singapore food imports Archives - International Finance</title>
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		<title>Singapore’s new farms &#8212; multi-story car parks</title>
		<link>https://internationalfinance.com/economy/singapores-farms-multi-story-car-parks/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=singapores-farms-multi-story-car-parks</link>
					<comments>https://internationalfinance.com/economy/singapores-farms-multi-story-car-parks/#respond</comments>
		
		<dc:creator><![CDATA[IFM Correspondent]]></dc:creator>
		<pubDate>Wed, 03 Aug 2022 08:43:31 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Crop harvesting]]></category>
		<category><![CDATA[Rooftop Farming]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[Singapore economy]]></category>
		<category><![CDATA[Singapore food imports]]></category>
		<category><![CDATA[Singapore real estate]]></category>
		<category><![CDATA[South East Asia]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=44563</guid>

					<description><![CDATA[<p>Launching the farm cost about USD 1 million, with a large portion of the funds going toward equipment to facilitate faster harvesting.</p>
<p>The post <a href="https://internationalfinance.com/economy/singapores-farms-multi-story-car-parks/">Singapore’s new farms &#8212; multi-story car parks</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In Singapore, Eyleen Goh manages a farm from the top deck of a parking garage.</p>
<p>The farm also sells up to 400kg of vegetables per day to neighboring merchants, according to her, making it no little operation.</p>
<p>She claims that despite Singapore&#8217;s tiny size, there are many parking lots here. Having farms [here] to provide for the needs of the community&#8217;s citizens is essentially the dream.</p>
<p>These rooftop farms have now appeared all across the South East Asian city-state, numbering at least a dozen.</p>
<p>In 2020, the government began leasing the odd plots as part of its goal to boost domestic food production. Currently, the 5.5 million-person nation imports more than 90% of its food.</p>
<p>But because there is little room in this highly populated island nation, the land is expensive. The most expensive real estate in the world is found in Singapore.</p>
<p>One farmer told the BBC that he had to give up his initial parking lot plot due to the high price and relocate to a less expensive area.</p>
<p>The operations were in full swing when BBC News visited Goh&#8217;s farm, which is approximately the size of a football pitch.</p>
<p>Choy sum, a leafy green vegetable used in Chinese cookery, was being picked, prepared, and packaged by workers.</p>
<p>Another worker was repotting seedlings at the opposite end of the building.</p>
<p>Goh states that every day we are harvesting. The amount each day might vary depending on the vegetables we are cultivating, from 100kg to 200kg to 400kg.</p>
<p>She estimates that launching the farm cost about USD 1 million, with a large portion of the funds going toward equipment to facilitate faster harvesting.</p>
<p>Despite certain subsidies, Goh claims her company is still not viable.</p>
<p>She has 10 staff and pays rent for the location as well as another car park plot, which is still being developed, for about USD 90,000.</p>
<p>Since we were establishing up during the COVID pandemic, Goh continues, logistics were far more difficult and expensive.</p>
<p>The process was also brand-new to everyone because this was the government&#8217;s first rooftop parking tender, she continues.</p>
<p>Singapore&#8217;s rooftop farmers are also developing alternative sources of income.</p>
<p>The post <a href="https://internationalfinance.com/economy/singapores-farms-multi-story-car-parks/">Singapore’s new farms &#8212; multi-story car parks</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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