Property market to bounce back next year: MarkPlus

first_img“The future demand may not be as strong, but we expect demand to bounce back next year as customers already have plans to buy [a house],” the firm’s senior associate, Irfan Setiawan, said in a virtual discussion on Friday.To anticipate the recovery, Irfan said, he expected the current situation to have implications for the pricing strategy for residential property sellers and developers.Currently, the combined sales of small, medium and large houses fell by 43.19 percent year-on-year (yoy) in the first three months of the year due to the unfolding pandemic, according to a recent survey by Bank Indonesia (BI).However, the MarkPlus survey shows that 10 percent of the customers were still buying houses during the pandemic, signalling remaining demand despite the economic downturn. While house sales are expected to be slow this year due to the pandemic, some consumers are merely delaying purchase and planning to buy a house next year, according to a survey by marketing consulting firm MarkPlus.MarkPlus, which surveyed 100 respondents living mostly in Greater Jakarta, found that consumers were currently saving their money to maintain personal financial stability amid the COVID-19 pandemic that affected the country’s economy.However, half of the surveyed respondents still expect to buy a house next year. Similarly, a survey by online property marketplace 99.co and rumah123.com found that 76 percent of the surveyed respondents were still looking for residential property this year.“Now the consumers are searching and browsing [for homes] online,” 99.co chief executive officer Ming H. Chong said in the same virtual discussion. “They are also more picky.”Based on the marketplace survey, a quarter of the respondents, most of whom are millennials living in Greater Jakarta, look for houses within the price range of Rp 250 million (US$17,069) to Rp 500 million or Rp 1 billion to Rp 2 billion.Housing developers have also seen a positive trend in sales through online platforms.Developer Ciputra Group reported Friday that it booked sales valued at Rp 130 billion for houses with an average price of Rp 250 million in its Citra Maja Raya project in Lebak Regency, Banten, between April 18 and 26 via its newly developed online platform.Meanwhile, through its Citra Garden Puri project in West Jakarta, the developer booked Rp 55 billion in sales for houses with an average price of Rp 2.5 billion on May 9.“We have tried online sales with the low-to-middle [customer] segment, and it worked,” the developer’s marketing director, Yance Onggo, said in the same online discussion. “The online sales turned out to go well with the middle-upper segment, too.”Real estate firm Summarecon Agung reported it still managed to sell houses with prices above Rp 6 billion from its project in Bekasi in West Java, according to Adrianto Adhi, the president director.“We could survive between January and March, but we recorded a correction in April sales,” Adrianto said in the same discussion.According to the marketplace survey, consumers expect a 10 percent decline in house prices.In the first quarter of the year, house prices grew at a slightly slower pace of 1.68 percent compared with growth of 1.77 percent in the previous quarter, according to a survey by the central bank.Topics :last_img read more

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Launch of Dutch mortgage-financing vehicle delayed by EC ruling

first_imgIn addition, he said the Dutch Treasury was still waiting for clarity from Eurostat, the EU’s statistical bureau, on whether the NHI would be counted as national debt.In the past, Van Rutte has estimated that the NHI could potentially attract €25bn of investments over the next five years. The introduction of the Netherlands’ proposed National Mortgage Institution (NHI) – a vehicle for mortgage financing – has been delayed yet again due to new conditions set by the European Commission.The NHI’s purpose is to tempt Dutch pension funds to invest in prime residential mortgages by issuing home loans, purchased from banks, as state-secured bonds.The European Commission, however, has demanded that the banks pass on the full benefits achieved through NHI financing to their customers, according to Jan van Rutte, responsible for setting up the institution.Dutch news daily FD quoted Van Rutte as saying: “Otherwise, the European Commission would consider this as state support.”last_img read more

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Oregon Inlet Dredging Plan on the Table

first_imgImage source: Sea Tow Oregon InletThe U.S. Army Corps of Engineers’ Wilmington District has received an application from Dare County seeking Department of the Army authorization to perform year-round maintenance dredging of the federal project within Oregon Inlet and associated connecting channels, located in the Town Nags Head, Dare County.The 2,500-acre project near Nags Head includes the waters between the southern tip of Bodie Island and the northern portion of Pea Island, the ocean bar channel extending offshore and the connecting channels and waters on the Pamlico Sound side of the existing Bonner Bridge, according to a public notice from USACE.Comments received from the public, agencies and officials, Indian Tribes and other interested parties will be considered by USACE to determine whether to issue, modify, condition or deny a permit for this proposal.Maintenance dredging is currently performed by the Wilmington District dredge fleet and the county plans to operate under the 2004 Finding of No Significant Impact, or FONSI, to utilize the new dredge on a year-round basis at Oregon Inlet.The annual volume of dredged material from the Oregon Inlet bar, as well as the connecting channels, is expected to be 900,000 and 1 million cubic yards. Nearshore disposal sites under this authorization would be the same as what is currently authorized by USACE.The deadline for submitting the comments on this project is March 6, 2019.last_img read more

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EnBW Baltic 2 service team homeports in Klintholm

first_imgLocated in German territorial waters with depths ranging from 23 to 44 metres, the Baltic 2 wind farm is about 40 kilometres east of Møns Klint, close to the meeting point of the Danish, Swedish and German maritime borders. “We expect noticeable savings and synergies as the journey from Klintholm harbour only takes just over an hour.” A hotel and a service building are now being constructed in Klintholm, from where the employees will be ferried to the wind farm in the mornings and evenings during their two-week duty roster. The 288 MW EnBW Baltic 2 offshore wind farm in the German Baltic Sea will be serviced from the Danish port of Klintholm on the island of Møn from August 2020, EnBW said. The company will consequently be relocating a large part of its operating team from Rostock to Møn. Until now, the company’s service team of up to 25 has travelled from Rostock to a hotel vessel close to the wind farm. The wind farm continues to be controlled by a remote data link from the control room in Barhöft, Mecklenburg, Germany.center_img From August onward, the technicians will commute from the port on Sun Light and Moon Light, two crew transfer vessels (CTVs) chartered from a Dutch shipping company. Klintholm in Denmark is nevertheless better situated for servicing the turbines than any German port, EnBW said. “The proximity to our wind farms offers us unique opportunities here,” said Kent Hougaard of EnBW Offshore Services Danmark (EOS). The Baltic 2 wind farm’s 80 Siemens SWT-3.6-120 wind turbines have been supplying some 340,000 households with renewable electricity since 2015. The hotel to accommodate the service team is scheduled to open in August. The service building in the port area is scheduled for completion as early as July when the first spare parts will be taken into storage there. Both buildings are rented out under contract for at least ten years.last_img read more

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DA discourages consumers from eating imported rice

first_imgThus the most sensible thing to do ispatronize locally produced rice, he said at the side lines of the National RiceAwareness Month celebration’s kick-off on Nov. 4 at SM City Iloilo. National Food Authority (NFA) Iloiloagreed. As of Oct. 31, it was able to procure from local farmers over 600,000bags of palay (unhusked rice). Patronizing locally-grown rice alsohelps local farmers who are facing stiff competition from the entry of importedrice, Ogatis added. “Local rice is of good quality, we aresure of that, so we know it’s safe to eat,” said James Earl Ogatis, informationofficer of the Department of Agriculture (DA) in Western Visayas. Pat Espinosa, information officer ofNFA-Iloilo, said their target procurement this November is 150,000 bags of palay./PN One way inspiring local farmers isbuying their produce, said Ogatis. There are around 800,000 rice farmersin Western Visayas, he said. “We couldn’t be sure of rice grownabroad. We don’t know their farming practices, how they grow rice and whatpreservatives they put in the rice being shipped to us,” said Ogatis. ILOILO City – Why preferlocally-produced rice over the imported ones? He could not say the same thing forimported rice. The National Rice Awareness Monthcelebration aims to, among others, highlight the importance of rice farmers andinspire them to continue producing the staple.last_img read more

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Lady Bulldogs Netters Defeat Lady Lions

first_imgThe Batesville Girls Varsity Tennis team defeated Rushville 5-0 on Thursday.Alana Pinckley, Rachael Rose, and Audrey Weigel won in singles. Winners in doubles were the teams of Julia Hunter & Anna Kick at #1 doubles and Baylee Rohlfing & Corinne Stone at #2 doubles.Batesville JV also won 5-0.Sophie Brown won in singles while Maggie Walsman and Kate Poltrack won two doubles matches and the doubles teams of Maggie Schwettman & Jenna Ertel and Jenna Ertel and Sophie Brown won.The Varsity and JV are now 4-1 and 4-0 in the EIAC. They will travel to Greensburg on Tuesday at 5:00.Courtesy of Bulldogs Coach Mike McKinney.last_img read more

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Chelsea target not thinking’ about transfers as Leverkusen boss hopes to keep Kai

first_img read also:Real Madrid ready to sign Kai Havertz “I don’t feel that he is thinking too much about transferring,” he said, as per Goal. “Neither are we. I certainly don’t have the impression that this will be his last game for the club. “He is still under contract with us and I have to assume that he will be with us next season too. That will include the German Cup final next month and the next Europa League game against Rangers in August. FacebookTwitterWhatsAppEmail分享 Having already completed the signings of Hakim Ziyech from Ajax and Timo Werner from RB Leipzig, Havertz – along with Leicester City left back Ben Chilwell – is a top target of Chelsea as Frank Lampard continues his rebuild ahead of next season. But while Bosz admits that time will tell whether Havertz is still at Leverkusen next season, he and the Bundesliga side appear relaxed about the situation.Advertisement Loading… Promoted ContentHere Are The Top 10 Tiniest Mobile Phones On The Planet!Birds Enjoy Living In A Gallery Space Created For Them6 Interesting Ways To Make Money With A Drone18 Beautiful Cities That Are Tourist MagnetsCouples Who Celebrated Their Union In A Unique, Unforgettable WayWhich Country Is The Most Romantic In The World?20 Completely Unexpected Facts About ‘The Big Bang Theory’2020 Tattoo Trends: Here’s What You’ll See This YearThese Are The Best Stargazing Locations You Can Find On EarthPretty Awesome Shows That Just Got CanceledBest & Worst Celebrity Endorsed Games Ever Made6 Ridiculous Health Myths That Are Actually True Bayer Leverkusen manager Peter Bosz insists Chelsea target Kai Havertz is “not thinking too much” about a summer transfer.last_img read more

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2015 IMCA point season ends Sunday, Sept. 27

first_imgVINTON, Iowa – The 2015 IMCA Speedway Motors Weekly Racing point season for seven sanctioned divisions ends this Sunday, Sept. 27.Final races are scheduled that day for Xtreme Motor Sports IMCA Modifieds, IMCA Eagle Motorsports RaceSaver Sprint Cars, IMCA Sunoco Stock Cars, Karl Chevrolet Northern SportMods, Scoggin-Dickey Parts Center Southern SportMods, IMCA Sunoco Hobby Stocks and Mach-1 Sport Compacts.Bonus points for applicable track and/or special series champi­onships will be figured and national champions and rook­ies of the year announced as soon as possible.Local track officials will have until noon Central Standard Time on Monday, Oct. 26 to notify IMCA of corrections that affect their top 15 point standings before all standings for those divisions become official.Late Model point standings become official at noon CST on Monday, Sept. 28.Any questions about IMCA point totals and standings should be directed to Virginia Lindsey, director of membership and points, at vlindsey@imca.com or by calling 319 472-2201, ext. 215.last_img read more

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Phillips M. Bays, 56, Connersville

first_imgPhillip Marvin Bays, of Connersville, Indiana died Monday, December 31, 2018 at Reid Health System in Richmond, Indiana on his 56TH birthday.Born December 31, 1962 in Corbin, Kentucky he was the son of the late Eldon & Naomi (Carroll) Bays. He was a member of the Fraternal Order of Redmen Oshawnee #220 of Brookville.Survivors include his siblings, Stella (Doug) Engle of Tipton, Georgia, David (Jeannie) Bays of Connersville, Indiana, Deborah (Carlus) Vanover of Corbin, Kentucky, Aaron Morgan of Corbin, Kentucky and Carla June Steele of Corbin, Kentucky; as well as several nieces and nephews.In addition to his parents, he was preceded in death by a nephew David Carl (D.C.) Bays.Family & friends may visit from 4 until 7:00 P.M. on Friday, January 4, 2019 at Crosspointe Biker Church, 1130 Baseline Road, Connersville, IN.Pastor Chris Lovett will officiate the services at 7:00 P.M. on Friday, January 4, 2019 at Crosspointe Biker Church in Connersville.Burial will take place in Ryan Cemetery in Williamsburg, Kentucky, under the direction of Ellison Funeral Home, 512 Main Street, Williamsburg, Kentucky.The staff of Phillips & Meyers Funeral Home is honored to serve the Bays family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

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