Hdb, Coronavırus, Covıd-19

Hdb, Coronavırus

Coronavirus: HDB resale flat volume falls 78% in April; only 423 units changed hands

Coronavirus: HDB resale flat volume falls 78% in April; only 423 units changed hands

8/5/2020 7:10:00 AM

Coronavirus: HDB resale flat volume falls 78% in April; only 423 units changed hands

SINGAPORE - Housing Board ( HDB ) resale flat volumes plummeted by 78.3 per cent in April from March to levels that observers said could be a historical low, as circuit breaker measures put in place to stem the spread of the coronavirus curb house viewings.. Read more at straitstimes.com.

Just 423 flat changed hands last month - also 78.1 per cent lower than in April last year, SRX estimates showed on Friday (May 8).Prices also fell, declining by 1.5 per cent for three-room HDB flats, 0.2 per cent for four-room flats, and 1.8 per cent for executive flats. Prices for five-room flats bucked the trend by rising 0.2 per cent.

TikTok to hire 3,000 engineers, including in Singapore, for global expansion Singapore residents to be able to pass through immigrations without passports from 2022 Melbourne, a city locked down due to Covid-19 for three months, has bleak lessons for the world

Overall, resale prices in April were 0.04 per cent lower than in March, although they were still 1 per cent higher than in April last year.Ms Christine Sun, head of research and consultancy at OrangeTee & Tie, said last month's transactions were possibly the lowest sales volume on record, based on government's data. Historical SRX sales volumes are not immediately available.

She said:"While sales demand usually moderates during an economic crisis, last month's transaction (volume) was much lower than what was observed in previous crises."The stay-home measures have complicated the whole home buying process, such that all physical house viewings were not permitted and prospective buyers had to rely solely on remote means such as virtual house tours to assess the condition of a resale home before making a purchase."

Although immersive virtual home tours could be offered, some buyers may still prefer a physical inspection of the units, Ms Sun said, adding that flat sales will likely pick up when house viewings resume.Mr Nicholas Mak, head of research and consultancy at ERA Realty, agreed, noting that the 423 flats resold in April was a sharp contrast to the 1,949 units that changed hands in March.

Saying that resale volume"fell off the cliff", Mr Mak added that the lowest average monthly HDB resale transaction did not fall below 1,000 flats in the past 20 years, even during the severe acute respiratory syndrome (Sars) outbreak in 2003 and economic recessions in the past two decades.

He said HDB resale transactions could decrease by up to 25 per cent this year.Of the flats resold in April, about half of the volume comes from four-room flats, 26.7 per cent from five-room flats, 22.5 per cent from three-room flats and 9 per cent from executive units.

Read more: The Straits Times »

iPhone 12 and Apple’s thinking behind advanced features

Apple has just launched the new iPhone 12 and fans are excited. We take a hard look at not just the latest phone Apple has rolled out but whether its playbook is looking tired, if 5G is all it is cracked out to be and how the world’s most valuable company can keep making money. Lin Suling speaks to IMD Business School’s LEGO Professor of Management and Innovation Howard Yu and Vice President of Client Devices research at IDC Bryan Ma.

World food prices fall sharply in April because of coronavirus: UNWorld food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United ...

China exports see surprise 3.5% jump in April amid COVID-19 outbreak, imports fallChina's exports saw a shock 3.5 percent rise in April despite a hit to external demand from the coronavirus pandemic, official figures showed ... The virus is their greatest export!

Bottler Coca Cola HBC's April sales lose fizz as lockdowns weighSoft drinks bottler Coca Cola HBC AG on Thursday said sales in April fell by more than a third as fast-food chains, theatres and other public ... Unless youre selling masks or toilet rolls its pretty much lower sales for everyone. Loyal coca cola customer, still buy it now and then.

China exports post surprise gain in April but rebound seen as temporaryBEIJING (REUTERS) - China's exports unexpectedly rose in April for the first time this year, taking some pressure off manufacturers in the world's second-largest economy after the coronavirus pandemic battered demand and disrupted manufacturing supply chains.. Read more at straitstimes.com.

Ford's China ventures saw sales growth in April as market reboundsU.S. automaker Ford Motor Co's two ventures in China have reported year-on-year sales growth for April, indicating the world's biggest auto ...

Lyft sees rider demand rebound in late AprilREUTERS: Lyft Inc on Wednesday (May 6) surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts ...