Money fast – Dinahs Doodles Mon, 07 Jun 2021 08:45:32 +0000 en-US hourly 1 Money fast – Dinahs Doodles 32 32 Raymond Adderly grew up quickly after his father was murdered. Now at 17, he is a candidate for the Broward School Board Mon, 07 Jun 2021 08:03:42 +0000

At only 17 years old, Raymond Adderly III will likely be the youngest candidate running for a seat on the Broward County School Board this cycle. But he says he’s been on his way to public service since a tragedy over a decade ago.

“Yes, I’m a college student. Yes, I’m 17,” Adderly told Florida Politics during a conversation about his campaign. “But what really happened to me that sparked this passion for activism , this passion for helping others is the fact that at the age of 7, I saw a home invasion turn into murder. “

This murder claimed the life of Adderly’s father, Raymond Adderly Jr. The elder Adderly was a friend of the rapper Rick Ross and was a budding rapper himself. In December 2010, two men entered his house in Miramar with bandanas draped over their faces, demanding money.

Adderly Jr. gave them money. He was still kicked and then shot in the death.

The youngest Adderly is now seeking the general seat of School Board 8, which is currently held by a member of the school board Donna Korn. When talking about his campaign, Adderly III is confident and knowledgeable in a way that would stand out from most 17 year olds. This is all the more noticeable given his traumatic past.

“My father was gunned down in front of me, my two younger brothers and my mother in my own home in Miramar,” Adderly said. “And quickly I realized how speechless people really can be.”

Adderly, who is class president at Fort Lauderdale High School, wants his campaign to be a voice for students and others who he says are not fairly shaken by the current school board. Adderly, who will begin her senior year in the fall, says two of her biggest issues are increasing funding for mental health and focusing on renovating school campuses, especially in low-income communities.

On the mental health front, Adderly argues that county schools are operating without enough mental health counselors to serve a larger student body.

“If this continues to persist, we will continue to see children fighting. We will continue to see children become addicted to drugs in college to deal with their stress. We will continue to have a society where people don’t know how to empathize, ”Adderly said.

“When we start to take more initiative to deal with these issues, we will be in a much better position. “

He also pointed to the county schools which “have bad air conditioning, mediocre multimedia centers, very bad roofs.” Adderly submitted a partial roof collapse in March at Rickards Middle School in Oakland Park. Adderly echoed concerns from Broward teachers’ union Anne Fusco that some students and teachers were trapped during the event, but no one was seriously injured.

“The stories I heard from parents and students there were excruciating,” Adderly recalls. “It’s not something every parent should have to worry about when they send their child to a Broward County school.”

While the district worked to stabilize the Rickards, some students were sent to study at Broward College’s North Campus, while others learned at home.

“It’s not what parents want to hear,” Adderly said. “This is not what the students want to hear. They want to be in their classes. Someone has to be that voice to make sure the board knows it.

“When we have better facilities in Broward, we will stop losing children to charter schools and private schools. “

Adderly – who turns 18 on election day in August 2022 – and his young candidacy could be reminiscent of the school board’s campaign of the 19-year-old then. Elie Manley Four years ago. Manley also pursued Seat 8, but finished third in a three-way battle with Korn and the Parkland parent. Ryan small. Young Manley’s age was above his share of the vote, which reached just under 19%.

Korn won that race, but with her term expiring in 2022, she has yet to seek re-election. So far, only Adderly and John Moreno Escobar have officially filed with the county. Others might come in if Korn refused to introduce himself again. If she shows up again, Adderly would face a three-term holder.

Adderly told Florida Politics he would be ready anyway.

“Our campaign is ready to run for an open siege or against an incumbent,” he said. “It’s a movement. We are here to win it.

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Oakland County’s luxury home market is booming Sun, 16 May 2021 04:14:00 +0000

Oakland County is a luxury home buyer’s dream for a number of reasons, real estate agents agree. It’s ideally positioned near major cities such as Detroit and airports, but the county also offers cities that feel rural or suburban. The housing stock is extremely diverse, from high-end lofts to century-old houses to new constructions. It is also home to leading educational institutions and close to Michigan’s top universities.

Residential real estate in Oakland County, especially at the luxury level, will also benefit next year as Michigan is likely to attract new residents from cities like Chicago and New York who are looking for more lifestyles. calm or downsizing as they seek to retire. , Real estate agents said.

Nationwide, new home sales and housing starts are at their highest level since 2006. Even more telling is that the supply of homes for sale is at its lowest level since the 1970s. According to Goldman Sachs Research, competition between desperate buyers for what homes are out there and a low interest rate environment has pushed prices up 12% over the past 12 months – and this trend is expected to continue until the end of the year.

Falling interest rates have also had an impact on luxury homes. Brundage said $ 1 million to $ 1.5 million homes were often paid for in cash in the past. Now buyers are taking out a mortgage because they can make more money by leaving their money on the stock market, which has worked well since the pandemic.

RE / MAX of Southeast Michigan said there were 330 homes for sale priced at $ 1 million and up for March 2021, down 5.2% from last year. During this period, 34 homes were sold, which is a 36% increase over last year.

There’s a 4.9-month supply of premium inventory, and these listings spend an average of 72 days in the market. The days on the expensive home market are typically longer than most because these buyers “have that luxury of having time to sleep on them,” Bradford said, and the viewings can take longer to put in. up because buyers must prove they have financing for Properties.

Donna Barlow has lived in Oakland County for over 40 years and knows the market well. Barlow, who works as a real estate agent at Signature Sotheby’s International Realty in Birmingham, said the longer days in the market were a result of the houses themselves and the expectations of sellers. She said it could take four months to market a million dollar real estate ad, from planning the sale to staging and marketing to buyers.

The pandemic has also extended that time frame in some situations, Barlow said. She had a salesperson who didn’t want any sales signage in the yard and didn’t want anyone to come into the house unless he had a coronavirus test and he came back negative.

But she has a new list in Oakland Township that she’s working on that will likely be marketed for $ 7 million vacant, so scheduling visits will be easier. Barlow said she expected the sale to be faster and easier than others.

“A lot of people in the high end market didn’t want people in their homes. And when you have bigger homes, you have more money and bigger decisions,” Barlow said. “But we had our best year (in terms of sales) and we didn’t have any downtime. It was just go, go, go.”

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Mi 11X review: a smartphone with good value for money Mon, 26 Apr 2021 06:29:37 +0000

Xiaomi had introduced the Redmi K series in India in 2019. Both smartphones in the line received a mixed response and were criticized by a few for their price. To be fair, these were decent smartphones and they were priced right in my opinion, but the smartphone maker hasn’t released any smartphones under the series since then. Instead, he renamed them under new names. The latest to benefit from this treatment are the Redmi K40 and Redmi K40 Pro, introduced in India as the Mi 11X and Mi 11X Pro.

The Mi 11X is the more affordable of the two, although it still aims to deliver a flagship-like experience on a tight budget. The smartphone is one of the first to feature the Qualcomm Snapdragon 870 processor. The chipset has so far been used on the Vivo X60 and OnePlus 9R, both more expensive than the Mi 11X.

The Mi 11X is priced at Rs 29,999 for the 6GB RAM and 128GB storage option, while the 8GB RAM and 128GB storage option will cost Rs 31,999 domestically. For said price, you get a high refresh rate OLED panel, triple rear camera module, and dual speakers. Let’s see how the new Xiaomi phone works in real life.

Mi 11X review: Design

The first thing I noticed about the Mi 11X is that it is much thinner than all of the Xiaomi smartphones that I have used in the past. Xiaomi has kept the thickness at just 7.8mm while the weight is also 196 grams. The phone is still high, making it difficult to use with one hand, but the refreshed design offers a better grip. The slim form factor comes at a cost, however. Xiaomi is one of the few brands that has kept the 3.5mm headphone jack in the middle of calls for a wireless world. It was ignored on the Mi 11X.

The back panel looks a lot like the Mi 11 which has yet to be launched in India. It has a rectangular camera module and the Xiaomi brand. Interestingly, this is one of those smartphones where the color variant you go for will make a lot of difference. The smartphone was launched in three options: Cosmic Black, Frosty White and Celestial Silver. I had the black variant for review which can easily double as a mirror. It is highly reflective and easily detects fingerprint traces. The other two variations have a matte finish and look more fun.

The Mi 11X has a side-mounted fingerprint sensor. The power button is slightly raised which sets it apart from the rest of the frame. The rest of the elements remain the same volume buttons on the right, a USB Type-C charging port on the bottom and a speaker on each side to complete the dual audio system.

Overall, the design is pretty basic. In fact, it also reminds you of a more affordable Redmi Note 10 Pro Max, which just comes with a different camera module and the Redmi branding at the bottom. The similarities are not surprising as the Mi 11X was designed to be part of the Redmi smartphones.

Mi 11X review: Display

The front also looks a lot like the Redmi Note 10 Pro Max. The Mi 11X has a 6.67-inch (2400 x 1080) Full HD + resolution display with 120Hz refresh rate and 360Hz touch sample rate. It has a maximum brightness of 1300 nits and supports HDR 10+. The screen is protected by Corning Gorilla Glass 5.

While the screen may look like the Note 10 Pro Max, the major upgrade here comes in the form of the E4 material used by Xiaomi, which Xiaomi says reduces power consumption. It also added an adaptive color display here which adjusts the color temperature of the screen to the color temperature of ambient light. It can help reduce eye strain.

The screen is bright, has good viewing angles but lacks sharpness. This is most evident when delivering content. The colors seem vibrant though. It’s good to see that the Mi 11X won’t overwhelm the visuals, a common issue with AMOLED panels. It is also easy to use outdoors.

When Xiaomi launched this phone in China, it talked a lot about the punch hole cutout, claiming that it was one of the smallest of all smartphones. Interestingly, there was no marketing around this in India. You can clearly see that the cutout is actually quite small, but when kept side by side with the Note 10 Pro Max, it looks very similar. However, it does not interfere with your viewing experience.

As for the refresh rate, you can choose between 60Hz and 120Hz. Yes, the Mi 11X doesn’t support the adaptive refresh rate, which can be found on a more affordable Mi 10i. This is further proof that Mi 11X is a Redmi phone in disguise.

Mi 11X review: Performance

This is probably the segment that would have inspired Xiaomi to position a Redmi phone as a Mi phone in India. The Mi 11X comes with the Qualcomm Snapdragon 870 chipset, which so far only powers the OnePlus 9R and Vivo X60 series in the country. It offers 6GB or 8GB RAM options paired with 128GB UFS3.1 storage. The chipset also sets the Mi 11X apart from the Redmi Note 10 Pro Max which had a mediocre Snapdragon 732G processor.

It is a 5G compatible chip and easily handles daily tasks. Multitasking, gaming or streaming is seamless. I didn’t notice any stuttering or heating issues while using the phone.

I have run a number of games on the Mi 11X including Call of Duty: Mobile, Mortal Kombat: The Ultimate Fighting Game, Critical Ops, and Asphalt 9. The device handles these games with ease. 360Hz sample rate makes the display more responsive than other phones. The Mi 11X also features LiquidCool technology to keep the phone’s thermals in check during heavy gaming.

It should be noted that the phone is neither too heavy nor too thick, it is useful for long hours of play. The phone’s two speaker system is loud but could have been better.

On the software side, the Mi 11X runs MIUI 12.0.3 in India but is expected to receive the rumored MIUI 12.5 update at some point. For now, the phone comes with several preloaded apps including Xiaomi’s Mi Store, Mi Pay, and GetApps store. Most of them cannot be uninstalled, so you are stuck with them. Also, you will need to do some customization for a cleaner and better software experience.

Mi 11X review: Camera

Xiaomi outfitted the Mi 11X with a high-quality display, decent speakers, and even used good-quality hardware. So obviously we had to cut costs somewhere and unfortunately the camera is that department. The rear camera system includes a 48-megapixel Sony IMX582 sensor, an 8-megapixel ultra-wide camera with a 119-degree field of view, and a 5-megapixel macro camera with 2X zoom. The front has a 20 megapixel selfie shooter.

The camera is capable of recording in slow motion as well as in 4K resolution at 30 frames per second. There is no change in the camera app compared to previous Xiaomi phones. You get several shooting options like night mode, panorama, dual video, and long exposure, among others. There is also a dedicated Pro mode for camera enthusiasts.

The problem with the main camera is that it uses a year-old sensor that doesn’t have optical image stabilization. That’s a huge lack for a phone that claims to be a flagship killer. The images from the main camera are average. They are often underexposed, lacking in detail and lacking good dynamics. The only positive thing here is the colors that appear vibrant.

Performance is slightly better in low light conditions. Night mode helps you reduce noise and click decent images in difficult lighting conditions.

The ultra wide angle and the Marco lens have the same resolution as on the Note 10 Pro Max. The ultra wide-angle lens works very similar to the main camera but has better detail in daylight. The macro lens of Xiaomi phones has been the most improved feature this year and continues to impress with the Mi 11X. The results are much better compared to other cameras.

For videos, you can record 4K at 30 fps while Full HD videos can be shot at both 30 fps and 60 fps. Since the phone doesn’t have a stable mode, avoiding jerking without a tripod will be a challenge. The selfie camera does a decent job in daylight but picks up a lot of noise in low light conditions.

Mi 11X review: Battery

The Mi 11X comes with a 4,520mAh battery which isn’t huge by today’s standards, but is on par with others in this price segment. At least it helps keep the phone compact. The phone works well in everyday use. The battery dropped about 10% after half an hour of video streaming and usual tasks. Drainage was much more during play. It decreased by about 17% after a 30 minute Call of Duty session.

Battery optimization is good, but you get the same 33W fast charger that Xiaomi now ships with most of its phones in India. It charges the phone to around 60% in half an hour and nearly full in almost an hour. The OnePlus 9R’s 65W charger is much faster and takes the device from 0 to 100% in almost 40 minutes.

Mi 11X review: final verdict

Buyers don’t have a very difficult decision to make here. If high performance, a decent screen and battery are your top priorities, the Mi 11X makes up for a good smartphone around Rs 30,000. It has a familiar but sophisticated design, an excellent E4 display, and delivers good performance. The cameras, as I mentioned earlier, are on the weaker side. You can check out the OnePlus 9R, Vivo X60, or even the Mi 11X Pro for better camera performance.

To conclude, the Mi 11X is not the best smartphone at this price point, but it is surely a good value option that you can consider.

Mi 11X review 7.5 / 10


  • Good performance
  • Excellent display
  • Decent battery life

The inconvenients

  • Bad cameras
  • Medium stakeholders

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Tesla stock market followers could get earnings shake Sun, 25 Apr 2021 01:25:51 +0000

One could forgive the die-hard investors of Tesla Inc. for wondering why the fun of owning the automaker’s iconic stock has seemingly gone.

After all, since they catapulted over 700% last year, stocks have barely advanced 3.4% in 2021. Stocks like GameStop have pushed Tesla out of the limelight, while Bitcoin attracted almost all of the buzz.

But the electric vehicle juggernaut’s first quarter results on Monday could change all that.

Since the publication of surprisingly strong deliveries for the first three months of the year, expectations have been high. And Tesla must also convince investors that it can maintain its lead in the electric vehicle market in an increasingly crowded playing field. As a result, traders price the stocks in a jerk. The option price suggests Tesla’s stock could move 7.2% in either direction, which would be the biggest post-profit move since January of last year.

“We recognize that Tesla has rocked the auto industry, but recent commitments and progress from incumbent automakers such as Volkswagen and General Motors suggest that Tesla has reached maximum market share in the electric vehicle category,” wrote Jeffrey Osborne, Cowen Analyst. in a note earlier this month.

Legacy automakers in the US and Europe have announced ambitious plans this year to participate in the race of electric vehicles, ranging from everyday sedans to luxury SUVs and supercars. And while billionaire Elon Musk’s company has a significant edge over its competitors in terms of technology, software and brand awareness, its position could start to erode quickly as more rivals join in. to the scrum.

“Tesla sees itself as the main player in the most formative phase of the industrialization of sustainable propulsion and the shift away from fossil fuels,” Morgan Stanley analyst Adam Jonas wrote in a note Thursday. He added that the company is expected to address issues related to sustainable battery manufacturing and the sustainable supply chain.

The immediate priority is to increase capacity and start “industrializing Tesla’s hegemony” before the market gets even more congested, “Jonas wrote.

Investors will also be eager for more details on Tesla’s factories in Germany and Austin, Texas, as well as clues as to how demand for its cars is changing this year. Tesla has not provided a delivery target for 2021, although it has hinted at a range of around 750,000 units.

There is also the risk that, as traditional automakers produce electric vehicles, they will have to buy fewer regulatory credits from Tesla to stay compliant with emissions rules. This could eat away at a source of Tesla’s revenue, which, while small, tends to disproportionately increase profits because there are no costs associated with them.

“Even in its first profitable year of 2020, adjusted pre-tax income was lower than income from selling credits to automakers who can’t build pickup trucks and SUVs fast enough,” said Kevin Tynan, analyst at Bloomberg Intelligence, in an interview. Despite all the hype about electric vehicles, traditional automakers are making so much money selling internal combustion vans and SUVs that Tesla seems profitable.

Major issues aside, the recent Fatal Model S car crash in Texas is also linked to getting some airtime on the earnings call, as analysts try to dissect why the accident happened and so the company’s driver assistance system, called AutoPilot, was involved in anyway.

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India produces billion dollar startups. Now they have to start making money Fri, 23 Apr 2021 07:21:39 +0000

This time last year, Indian entrepreneurs were in panic mode.

The government had Locked the entire population of the country in a dramatic step to fight against the coronavirus pandemic. The founders of the company feared the restrictions would leave them severe funding crisis it could hinder their ability to grow, pay salaries or even stay afloat.

The mood a year later is very different, despite a brutal rise in coronavirus case threatening economic recovery. India’s startup community found itself in an unprecedented fundraising windfall. In the first four months of 2021, 11 companies achieved unicorn status, meaning they reached a valuation of at least $ 1 billion, according to the data platform Tracxn. Five startups took this step in April alone. For comparison, there were 13 in all in 2020 and 10 in 2019. India’s ranks super rich tech leaders swell rapidly as a result.

The boom is largely thanks to the powerful investments of companies like Tiger Global and SoftBank, which are pumping money into India’s fast growing internet businesses – a price many investors find just too important to ignore. Not only are more businesses raising this kind of money than ever, they’re doing it at an all time high. And some of India’s most successful startups – including Flipkart and Zomato – are reportedly exploring potential listings this year. Zomato declined to comment and Flipkart did not respond.

But the Seemingly endless fundraising cycles can eventually produce diminishing returns, worry many industry experts, who say India’s startup ecosystem must start showing consistent profits and healthy exits for investors, and soon. Some observers feel that the enormous funding distributed makes being a “unicorn” less than a mythical achievement.

“It’s great that Indian startups are going through this funding boom. But they will have to find sustainable, money-making business models to survive, ”said Radhika Gupta, CEO of Edelweiss Asset Management Limited. “Even a Google or an Amazon cannot survive on the number of customers alone.”

First, the good news

The investment craze is due to the boom in India’s digital economy. There is more than 700 million internet users in the country and around half a billion to come online, creating huge potential in the market.

The pandemic, meanwhile, has encouraged of people outside major cities to spend money online, accelerating digitization businesses and opening up more opportunities to technology entrepreneurs.

Financial technology companies have been the biggest winners. At the end of 2020, India had 44 unicorns, and most were in the FinTech sector, according to a report by Orios Venture Partners. Retail and Software as a Service companies are as follows.

The venture capitalist also found that the time it takes for a tech startup to reach a billion dollar valuation has dropped significantly from almost 15 years in 2005 to 2.4 years in 2016 and 2017. .

This year alone, app developer Mohalla Tech, investment start-up Groww and The Gupshup messaging platform have all become unicorns – in large part because of Tiger Global’s big investments, according to data from Tracxn. The New York-based investment firm, which also made big bets early on on Flipkart – the e-commerce giant acquired by Walmart in 2018 – was more optimistic than other companies in the country.

Tiger Global did not respond to a request of CNN Business for comment, but the company has in the past praised business it has invested in well positioned in India’s growing internet market.

Risk of bloating

Some experts, however, have started to wonder how much money large investment firms are investing in the sector.

“They over-capitalize the company by giving 1.5 times or twice the amount needed, ”said Amit Ranjan, co-founder of presentation sharing service SlideShare. He is now working with the Indian government on a virtual locker project called DigiLocker.

“There is no justification for this except to bludgeon the competition,” Ranjan told CNN Business.

But Rehan Yar Khan, managing partner of Orios Venture Partners, does not see the influx of money as a “big worry”. After all, companies still need capital to capture the potential of the vast Indian market.

He cited PharmEasy, an online pharmacy company, as an example. Khan was an early investor in the company, which became a unicorn earlier this year.

“Electronic pharmacies only cover 3% of the Indian market,” Khan said. “… So they naturally need more money to develop.”

But there are other headaches to consider as well. What if a unicorn becomes overfunded and fizzes before they have an exit plan?

Flipkart is the only indian tech unicorn having been acquired at a value of over $ 1 billion. (E-commerce company Shopclues, valued at $ 1 billion in 2016, was acquired three years later by a Singapore-based company. But by that time, Shopclues’ value had plummeted to between $ 50 million and $ 80 million.)

Only a handful of Indian tech companies have maintained lists over the past two decades. And no tech startup worth more than $ 1 billion has gone public.

“By inflating valuations in the private market, you are delaying your ability to enter the public market,” said Karthik Reddy, co-founder of venture capital firm Blume Ventures. He believes Indian companies need to think about initial public offerings earlier rather that later in order to build a sustainable startup ecosystem.

“We don’t have big technology buyers, so you can’t wait for a Walmart to come and buy your biggest asset every time, ”he added.

Could this be the year?

There are murmurs in Indian tech circles about huge upcoming releases. Reddy is optimistic that 2021 will be remembered not only for its funding boom, but also for sparking a cultural shift in the industry.

Indian conglomerate Tata Sons is reportedly looking to buy BigBasket online grocer for more than $ 1 billion, the Mint journal reported last month. Asked for comment, Tata Sons referred CNN Business to BigBasket, who did not respond.

Other Indian media have reported in recent months that older unicorns may also consider listing them soon. And the Economic Times reported last week this several startups are scrambling to recruit senior executives with some IPO experience.

Should either Flipkart or food technology business Zomato complete an initial public offering, Advertisement could be a game changer, according to Reddy.

“India must release its technology companies on the public market,” he said. “At present, Indian citizens are hardly exposed to the unicorn boom.”

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Why are Singapore property prices returning to pre-Covid-19 levels so quickly? , Money News Thu, 22 Apr 2021 04:28:00 +0000

There has been a recent buzz on a report by Colliers, forecasting a return to pre-Covid-19 levels for Singapore property. Before you get too excited, it’s not specific to Singapore’s residential real estate scene only; the forecast is based on real estate investment in all segments, including commercial real estate.

However, the rise in real estate investment includes a residential component; and what we are seeing coincides with a surge in luxury condo sales in March 2021. Note that many luxury condos are purchased purely as a form of investment, rather than for personal use.

While great for current homeowners, new investors with smaller budgets – as well as homeowners looking for top-notch properties – will be less enthusiastic about rapidly rising prices. It looks like those who expect reduced Covid-19 fares are going to be disappointed after all. Here’s what’s going on:

What happened to the real estate investment figures in Q1?

According to the Colliers report, real estate investment grew by more than a quarter (25.8%) in the first quarter of 2021. This is an increase of 47.9% over the same period per year. latest.


It should be noted, however, that commercial / industrial properties accounted for the bulk of the proceeds, not residential (in particular, the purchase of a 50 percent stake in OUE Bayfront for $ 634 million).

On the residential side alone, investment sales reached $ 1.6 billion in the first quarter, up 12.9% from the fourth quarter of 2020. This is a 154% increase from at the same time last year.

This is not completely unexpected, as 2020 was the peak of the Covid-19 pandemic; The first quarter of last year was the circuit breaker build-up, which hit in April. As such, it’s no surprise that we see a big jump between the same quarter in 2020 and 2021.

At the same time, sales of new private homes surged in March 2021, especially in the luxury segment.

Transaction volumes jumped in March 2021, to 1,368 units. While this is still lower than the January peak (2,033 units), it shows that momentum from 2020 has not yet diminished:

(The lower trading volumes in February were due to the Chinese New Year and fewer launches were heavily marketed at the time).

This is the highest number of new unit transactions recorded for a month of March since 2017 (2,089 units):


What is most important in the March transactions, however, is that properties in the downtown area (CCR) moved the most units.

Of course, you could argue that the numbers are on the rise precisely because there are new launches – but few would discuss the resulting performance.

They accounted for almost half (42.2%) of new sales. This was showcased by two strong launches: Irwell Hill Residences, which sold 50 percent at launch, and Midtown Modern, which sold 60 percent at launch.

It is also the first time since the last real estate peak in 2013 that CCR condos represent the bulk of new sales.

What are the main drivers of the market today?

  • The boost to commercial real estate may be linked to ABSD costs
  • The threat of new cooling measures
  • Higher prices per square foot, but lower quanta
  • Low interest rates
  • Singapore attracts foreign investors

1. The increase in commercial ownership may be related to the costs of ABSD

It may be surprising that commercial real estate is doing so well, despite the Covid-19 situation. However, generous government support – like rent relief and tax cuts for commercial tenants – fueled sentiment (if not always prices).


Many analysts were also quick to point out that during the last global financial crisis in 2008/9, Class A office rental rates fell 49%.

It turns out that the decline in office rents for 2020 was only about 9.3 per (from $ 10.81 psf to $ 9.81 psf, between Q4 2019 and Q4 2020).

The surge in vacancies predicted by “work-from-home” agreements also lacked teeth, with Class A offices seeing their vacancy rates increase by around 2.7 percent. While still of concern, it is nowhere near as bad as most market watchers expected.


Coupled with this surprisingly strong performance, the Additional Stamp Duty for Buyers (ABSD) encourages consideration of commercial rather than residential investment.

Singaporean citizens who buy a second home would pay an ABSD of 12% on the price or value (whichever is greater), while permanent residents pay 15% and foreigners 20%.

Commercial property, on the other hand, incurs no ABSD; only the usual goods and services tax (GST) of seven percent.

As such, the commercial segment of Singapore’s private real estate market may appear more attractive to investors at the present time. Further cooling measures in the real estate sector will reinforce this effect.

2. The threat of new cooling measures

As we have already pointed out, rumors of further cooling measures tend to materialize. With the risk of rising stamp duties, investors may decide to act quickly and buy now; this in turn leads to increased transaction volumes and prices, which in turn compel the new measures.


Nonetheless, we have seen the rise of “if you don’t buy now you may have to pay more ABSD later” as the latest selling point. This is not wrong, given the context.

We’re inclined to believe that the new chill measures will come in the form of restrictions on loans, rather than just increased stamp duties (lest people just spend even more of their CPF money on a second home). See the article linked above for more on the issues regarding possible new cooling measures.

3. Higher price per square foot, but lower quantum

A good example of this for Q1 2021 would be Irwell Hill Residences. About 80% of its 540 units are single or double bed; So even with a price of $ 2.5XX to $ 2.6XX psf, it is still possible to buy a unit for $ 1.1 million or less.


It just continues the previous trend that we’ve already seen from 2019, like when The M had units that hit $ 3,000 psf, but had a quantum below $ 1 million.

Indeed, developers make condos in the Center-Center region (CCR) accessible to investors with a lower budget. This is done by reducing the size of the units, as they can still be easily rented out to singles or couples (who make up the bulk of expat renters).

A lower quantum also translates into higher rental yields and smaller loans; this makes it more likely that investors can meet limitations such as the total debt service ratio (TDSR).

This trend has allowed CCR properties to maintain strong demand, despite rental issues as a result of Covid-19.

4. Low interest rate

We have a more detailed article on this topic. But to quickly summarize, mortgage rates are at their lowest since the last financial crisis.

Interest rates as low as 1.2 percent are in the market; and given the state of the US economy, it will be some time before rates normalize.

Local real estate investors have also heard the warning “interest rates will rise” so often that the effect may have worn off. Private bank loans have been at or below 2% for more than a decade, despite repeated warnings of rate hikes.

(That said, we wouldn’t be too dismissive of the warnings; mortgage rates were hitting 4% in the late 1990s).

5. Singapore attracts foreign investors


Despite the 20% ABSD, Singapore is currently one of the most attractive havens. We are one of the few countries to beat GDP forecasts (growing rather than shrinking) despite Covid-19.

Additionally, Chinese investors have preferred Singapore to Hong Kong since 2019. This is in part due to the political turmoil in Hong Kong; but it is also because Singapore is outside of China. This offers greater diversification, which investors tend to look for in times of volatility like today.

It also helps that Singapore does not impose capital gains tax and has few restrictions on residential resale (although foreigners are not allowed to buy real estate homes outside of Sentosa Cove without special permission). .

Along with constant appreciation and low interest rates, this can help mitigate the impact of ABSD.

It is still too early to declare that Singapore’s private real estate market has escaped Covid-19 unharmed

It is starting to look like this, but we won’t be sure until late 2021. We don’t know if the still soft rental market will encourage investors for a long time; or how long will foreign tenants return to our shores.


When it comes to commercial properties, the dip isn’t as bad as we thought – but it’s still a dip. Rental rates are falling and vacancy rates continue to rise. It still has the potential to get worse.

Nonetheless, there are more positive signs than negative signs that we are already returning to pre-Covid-19 levels.

This will likely be a bummer for first-time buyers, who may have held back for possible fire sales or developer discounts.

At this point, their best hope would be for further cooling measures to kick in and prices to drop thereafter; because Covid-19 does not appear to have done this job yet.

This article first appeared in Stacked houses.

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Palladium hits all-time high as supply shortage intensifies on automotive demand Thu, 22 Apr 2021 04:22:01 +0000

Spot palladium hit an all-time high on bets that rebounding economies will fuel demand from automakers, exacerbating supply shortages for the precious metal.

Palladium, used in catalytic converters to reduce emissions in gasoline-powered vehicles, rose 4.8% to $ 2,895.96 per ounce on Wednesday, breaking the previous record set in February 2020. Prices rose further. by 17% this year, building on five consecutive annual gains.


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The palladium market has been in production deficit for several years and stricter pollution standards in Europe and China are stimulating demand for metal from car manufacturers. The disruptions at Russian mines run by MMC Norilsk Nickel PJSC, the world’s largest producer, have exacerbated supply problems.

“It’s a confluence of factors that fuel palladium,” said Tai Wong, head of metal derivatives at BMO Capital Markets. “Basically there will be a big deficit this year and automakers have to restock.”

Palladium, on track for a third consecutive monthly gain, also benefited from the outlook for low interest rates and accelerating global growth. Federal Reserve Chairman Jerome Powell reiterated his dovish stance on US monetary policy last week, and recent US and Chinese economic reports have fueled optimism.

“There is nothing but positive winds behind palladium at the moment,” said Jay Tatum, portfolio manager at Valent Asset Management. “With a global economic recovery underway and the expected increase in auto production speaking in favor of palladium, what are the chances that it will be lower in three to four months?”

Analysts expect automakers that have slowed production amid a global semiconductor shortage to restock their supplies in the second half of this year and next, adding to the bullish outlook.

The “catch-up” when chip supply recovers and auto inventories are replenished will be significant, ”Citigroup Inc. analysts, including Oliver Nugent, said in a note. “It will be optimistic for the physical balances of palladium in particular.” It is likely that speculative purchase prices will recover in advance, they said.

Nornickel increased its production of platinum and palladium in the first quarter even as two of its largest Arctic mines battled flooding that forced the Russian mining company to lower its annual targets.

Spot palladium rose 4.3% to $ 2,879.86 an ounce at 2:14 p.m. in New York. Futures delivered in June on the Nymex rose 4.3% to $ 2,875.60 an ounce. Other precious metals also advanced. Gold climbed to 1.1%, hitting a seven week high and trading at $ 1,792.35 an ounce, while silver rose for a second straight day. Platinum also won.

– With the help of Ranjeetha Pakiam.

© 2021 Bloomberg

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Big boost for battery storage in new rules that reward quick response over the network Thu, 22 Apr 2021 03:45:39 +0000

The business case for battery storage in Australia has been significantly strengthened with proposed new rules that reward the technology for its lightning-fast response to grid disturbances and the key role it can play in keeping the lights on.

Wind and solar farms will also benefit from the draft Fast Frequency Response Rules developed by the Australian Energy Market Commission, which signal significant grid evolution as regulators and policymakers accept that new technologies based on inverters can and will replace services. offered by traditional synchronous generators.

The battery storage’s ability to respond at a speed unimaginable heretofore to help keep the lights on has been apparent since the original Tesla Large Battery in Hornsdale, South Australia began operations in late 2017 and is rapidly growing. stepped in to help manage the unexpected trip of one of the country’s largest coal producers.

This intervention, along with the speed, precision and flexibility demonstrated by battery storage in many events since, have convinced market players, operators and regulators that battery storage will play an important role in the safety of the network.

But like many things battery storage facilities can do, there was no market to ensure that payments for these services could be made. Hence the push led by Infigen Energy, which operates the Lake Bonney battery in South Australia, to create a new market for rapid frequency response.

AEMC’s draft decision, released after a year of consultation and review, proposes to create a market for technologies that can respond to frequency changes in less than two seconds, much faster (in terms of the grid) than the current fastest market, which is for six seconds.

It will be open to technologies that can provide this rapid response – battery storage, wind farms, solar PV and energy users through various demand response mechanisms.

“The foundation for a low-carbon future for the energy sector is to build new ways to keep the system balanced and stable throughout the transition,” said ESMA CEO , Benn Barr, in a statement.

“Our determination project… sets the stage for the evaluation of new types of rapid response services that can keep the system in a safe operating state – balancing electricity supply and demand in real time. Achieving this balance through a stable frequency means that the system can withstand most electrical disturbances. “

The frequency varies when electricity supply and demand do not match – it should stay within a range of around 50 hertz to avoid blackouts. Small variations are common and easy to manage, but larger variations – such as the increasingly frequent sudden trips of a coal or gas generator, or grid outages – are more serious.

The important part of this decision is the recognition that the energy system is moving away from traditional inertia services – normally produced by spinning machines in coal, hydropower and gas power plants – to a new one. system dominated by technologies based on inverters (wind power). , solar and batteries) where faster frequency control services are required.

This is especially noticeable during the day, when the huge amounts of solar power on rooftops put pressure on existing generators and sideline many large coal generators during the day.

The AEMC says this will be the first of many new markets to be established to leverage system services and will enable the Australian Energy Market Operator (AEMO) to procure response services in fast frequency to better adapt the power response speed. system.

AEMO is preparing to introduce the switch to 5-minute regulations in the electricity market later this year. The much later 30-minute rule change will increase the earning capacity of battery storage and is designed to end some of the issues that have plagued the market.

AEMO and various state governments have also introduced new programs that build on the many layers of battery capacity, including acting as an emergency backup, helping to protect the network in the event of major power outages. network and increasing transfer capacity between states.

The next step will also be to focus on the “primary” frequency response. This was supposed to be supplied by existing coal, gas and hydropower generators, but many players have effectively abandoned the market by relaxing their “governor’s controls” so they can make more money in other parts of the world. market.

New rules requiring all generators to provide a “primary” frequency response have been introduced, but AEMC – at the behest of AEMO – is also seeking to create a new market, again designed to use new technologies based. on inverters such as battery, wind and solar storage. A project is expected for mid-September.

Barr told RenewEconomy that the new rule on fast frequency response will be aligned with the market overhaul that will be unveiled next week.

“As we see more and more thermal power plants retiring and generators that provide inertia leave the market, it becomes more important,” he said. “We see it as a critical and fundamental reform.”

The new rules for rapid frequency response will not be in place for three years, however. Submissions to the draft rule are due in early June, but the rules will not be in place until AEMO has been able to develop a product specification and make the necessary IT and system changes. .

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Centraide du Grand Topeka profits from the search for unclaimed property Thu, 22 Apr 2021 00:02:55 +0000

TOPEKA, Kan. (KSNT) – There are millions of unclaimed dollars in Kansas. When the head of the United Way of Greater Topeka searched online if the organization had any, she was happy to find a gift of $ 1,096 from an out-of-state group.

“It’s fast, it’s easy, and yes, it can be a nice little surprise,” said Jessica Lehnherr, CEO of the organization.

You can check if you have any unclaimed goods here.

Lehnherr said the money found will go a long way to helping local charities.

“It keeps us going, it helps us help our community more by providing more support and more services in all of the many areas that we support, so yes we, 100%, need these donations, and that now is a really important moment ”. she said.

The state treasurer’s office is tasked with securing $ 400 million in unclaimed property from the Kansans.

Money can come from places like bank accounts, stocks, refunds, and paychecks. This could be because people have changed their address, or some other reason an organization cannot contact the rightful owner.

“They’re turned over to the state, so it’s our job to get them back to the Kansans as quickly as possible, and as often and as often as possible,” said State Treasurer Lynn Rogers. “In most cases, for small transactions, it can only be sent in a few days.”

Over the past few years, the office has worked to make more people aware of unclaimed money. Some may worry that the process will take a long time or that verifying the money may end up costing them dearly, but Rogers says it isn’t.

“We are checking to see if there is money owed to these people, if so, which is being used to pay this debt, but that is all, but we will partner with the Ministry of Revenue, but if it is ‘is their money, we want to send them back, ”Rogers said.

Since January 4, the average amount of requests has been close to $ 200.

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Splitit launches Splitit Plus, a new payment gateway designed exclusively for installment payments Wed, 21 Apr 2021 23:30:00 +0000

  • Splitit Plus is the company’s new payment gateway enabling accelerated growth and seamless integration for merchants.

  • Now merchants can sign up and accept installment payments on their ecommerce site or in-store in minutes.

Splitit, a global payment technology company (ASX: SPT), today announced the availability of Splitit Plus, a new service that allows merchants of all sizes to offer deposit payments to their customers in minutes. Any trader can now activate Splitit through the Splitit Plus gateway or any other integrated gateway partner supported by Splitit worldwide.

Splitit built Splitit More as an integrated payment gateway for installment payments. Splitit Plus provides merchants with an all-in-one platform combining Splitit installment payment platform with a card processing solution for down payments. Splitit Plus also saves merchants money by offering competitive pricing and combining payment processing fees and remittance fees.

Now merchants can start accepting installment payments faster than ever. They can enroll directly through the Splitit Plus gateway or through one of the more than 90 integrated gateway partners currently supported by Splitit worldwide. Approval is fast, which means merchants can offer customers interest-free, fee-free installments within minutes.

“We created Splitit Plus with a customer-centric approach in order to provide an exceptional shopping experience with Splitit. This innovation of a payment gateway designed exclusively for installment payments makes it a quick and easy solution for merchants of all sizes to start accepting installment payments in minutes, ”noted Splitit CEO Brad Paterson.

“We believe that Splitit Plus places us in a strong position to continue our exciting growth trajectory. Delivering a faster, simpler onboarding experience and all-in-one fee structure allows us to accelerate the acquisition of merchants for large and small merchants while meeting the growing demand from merchants to add Splitit to their site or store, ”Paterson added.

Other advantages of the new Splitit Plus include:

  • Quick and convenient configuration: Start accepting installment payments in minutes.

  • All-in-one account: Combines the Splitit installment platform with card processing for deposits, all managed through one account.

  • Fast and transparent integration: easily integrates with most ecommerce platforms like Shopify, WooCommerce or Magento, or by incorporating it directly into the payment workflow on other platforms.

  • Simplify cash flow management: Eliminate the complexity of reconciling multiple accounts by deducting all fees up front.

  • Concierge Chargeback Service: Our fully managed service helps you manage the time and inconvenience of managing the chargeback process.

Splitit Plus integrates perfectly with websites and e-commerce platforms like Shopify, WooCommerce or Magento. Much like the Splitit business model, Splitit Plus gives merchants the choice of receiving the full cost of the purchase up front or over time as buyers pay their monthly installments. Splitit Plus is initially available in the United States, with plans for wider deployment in multiple countries in 2021.

Currently used by over 2,000 merchants in over 30 countries and buyers in over 100 countries, Splitit invented a new way to pay, allowing consumers to use their existing credit cards to spread payments over time to save money. better manage their finances. No requests, no fees and no hassle.

To register or learn more about Splitit Plus, visit

About Splitit
Separate it is a global payment solutions provider that allows buyers to use the credit they’ve earned by splitting purchases into monthly interest-free installments using their existing credit card. Splitit enables merchants to improve conversion rates and increase average order value by giving customers a quick and easy way to pay for their purchases over time without the need for additional approvals. Splitit serves many of the Internet’s top 500 merchants and is accepted by over 2,000 e-commerce merchants in over 30 countries and by buyers in over 100 countries. Based in New York, Splitit has an R&D center in Israel and offices in London and Australia. The company is listed on the Australian Securities Exchange (ASX) under the code SPT.

See the source version on


Brian Blank, Splitit,

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