Finance

Record Number of Million-Dollar HDB Flats Sold in Q3; Dyson Shocks Workers with Sudden Layoffs in Singapore

2024-10-02

Author: Siti

Record Number of Million-Dollar HDB Flats Sold in Q3

In an unprecedented turn of events, the real estate market in Singapore has witnessed a record spike in million-dollar HDB flat sales during the third quarter of this year. According to the latest market data, an astonishing 328 HDB flats priced over $1 million were sold, a significant increase from just 128 units in the same period last year. Analysts are predicting that the total number of million-dollar flats sold in 2023 could easily double the figures from 2022, indicating a robust demand for high-end public housing.

Dyson Shocks Workers with Sudden Layoffs

However, the news is not all rosy as Dyson Singapore recently announced unexpected layoffs, leaving employees stunned. In a move that sent shockwaves through the workforce, the company reportedly gave affected staff only one day's notice before termination. Specific details regarding the number of employees laid off or the support measures for those affected have yet to be disclosed, creating an atmosphere of uncertainty among the remaining staff.

Cross-Border Traffic Reduction

In related news, cross-border traffic from Singapore to Malaysia has taken a significant hit since the introduction of the Vehicle Entry Permit (VEP) requirement on October 1st, leading to a 20% drop in daily traffic. While authorities have acknowledged the reduction, they have refrained from making direct connections to the VEP implementation, suggesting that it may be too soon to draw conclusions.

Singapore's Affordability Ranking

A recent report also revealed that Singapore ranks as the third least affordable country globally, based on an analysis that considers living costs and personal income tax rates. This ranking underscores the growing financial pressures on residents in the city-state.

Renovation of Tanjong Pagar Plaza Market & Food Centre

On a community note, Tanjong Pagar Plaza Market & Food Centre is set to close for a two-month renovation, which is sure to disappoint fans of popular stalls, including the beloved Celebrities Big Prawn Noodle. Locals are urged to visit their favorite food spots before the temporary shutdown.

FairPrice Launches Return Voucher Promotion

In a bid to help residents save, FairPrice will launch its Return Voucher promotion starting October 3. This initiative aims to assist Singaporeans in maximizing their savings, allowing them to stretch their budgets in these challenging economic times.

International News Highlights

Meanwhile, on the international stage, a rally featuring Donald Trump drew attention for an unusual moment when a fly interrupted his speech. While he expressed his disdain for the distraction, an audience member humorously blamed Vice President Kamala Harris, marking another instance of political antics that capture public interest.

Viral Cat Video

Lastly, a quirky video featuring a cat named Moo Deng went viral as it showcased the feline aggressively biting its caretaker's thigh, amusing many across social media. The incident has sparked a wave of memes and commentary, making it a light-hearted distraction amid the serious news headlines.