32,806 dengue cases have been reported so far, making this more than double the number of cases for the whole of 2019, and the largest dengue outbreak in Singapore's history.
Maybank’s economists attributed Singapore and Vietnam's more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.
On an annual basis, total bank lending declined 1% in September, with business loans and consumer loans contracting 0.2% and 2.5%, respectively, from a year ago.
The three new appointed members are Lok Vi Ming, Managing Director of LVM Law Chambers; Ong Choon Fah, CEO of Edmund Tie & Company (SEA); and Thomas Tan, President of Singapore Estate Agents Association.
With many buyers flocking back to the market following the end of the circuit breaker, resale volume surged 127.3% to 7,787 units in Q3 2020 from 3,426 units in Q2 2020.
Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.
Knight Frank conducted its first physical auction since the circuit breaker, with its prized transaction a property at 14 Lorong Kismis for $1.32 million, or 22% above its opening price of $1.1 million
The disbursement of Central Provident Fund (CPF) housing grants, decrease in the sales of flats, and the expected loss for flats that are currently under development have been attributed for the figures.
Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.
