Low-cost property dominates market demand in year’s first half

first_imgThe high demand for low-cost property is consistent throughout the first and second quarter, amid the slowing economy due to the pandemic. 99 Group data show that in the first quarter of the year, searches for low-cost property made up the largest chunk of overall searches at 33.9 percent, whereas searches for mid-range residential property with a price range between Rp 500 million and Rp 1 billion made up 17 percent.In the second quarter, demand for cheaper property continued to reign despite a slight decrease at 26.5 percent of searches, tailed by mid-range property with 18.4 percent.The economic downturn, job losses and lower purchasing power due to the ongoing health crisis have affected the property sector this year.The combined sales of small, medium and large houses fell 43.19 percent year-on-year (yoy) in the first three months of the year due to the unfolding pandemic, according to BI’s quarterly Residential Property Prices Index (IHPR) survey. Consequently, as fewer people made home purchases, the growth in residential property prices was slightly slower at 1.68 percent yoy in the January-March period compared to 1.77 percent yoy in the last three months of 2019, the BI survey revealed.Upper-mid range properties, with a price range between Rp 1 billion and Rp 2 billion, only made up 14.2 percent of searches between January and March, 99 Group’s survey showed.The company also claims in a statement that it recorded an average of 12 million website visits and saw 250,000 searches per month during the first quarter of this year. The number of searches for housing on the platforms increased 65 percent month-to-month (mtm) in May and an additional 50 percent mtm in June, after dropping 30 percent mtm in April.“During the ‘new normal’ period, supply and search trends show a constant increase from May to June. The condition shows signs of recovery,” Maria said.Furthermore, the company also recorded a 26 percent yoy sales increase in June, following a sales slump in April and May.In the company’s survey, 47 percent of respondents were ready and willing to purchase a housing property, while 22 percent of those surveyed urgently needed to purchase a house.Earlier this year, marketing consulting firm MarkPlus survey showed that consumers had not abandoned their plans to purchase residential property, but were rather delaying their purchase until next year.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.“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 May 29.Topics : Consumer interest in low-cost housing dominated the property market demand in the first half of the year, while sales started to pick up amid the impact of the pandemic on the sector, online property marketplace 99 Group data show.According to Singapore-based property marketplace start-up 99 Group, which owns 99.co and rumah123.com, low-cost residential property, priced below Rp 300 million (US$20,528), was the most searched for housing type on the websites in the first six months of 2020.“Overall demand from January to June is still dominated by properties with a price range below Rp 300 million, which accounts for around 30 percent of all searches,” 99 Group Indonesia country manager Maria Herawati Manik told journalists in an online press briefing on Thursday.last_img read more

Pennsylvania Restores Scholarship Funding for 1,000 Early Child Care Professionals

first_img SHARE Email Facebook Twitter Education,  Human Services,  Press Release Harrisburg, PA— Governor Tom Wolf today announced that, the T.E.A.C.H. (Teacher Education and Compensation Helps) Early Childhood® Pennsylvania Scholarship Program will be restored after six years of inactivity and $2.4M of funding for 1,000 scholarships for early child care professionals in DHS-certified Keystone STARS programs will be made available.“Improving early child care and education is one of my top priorities, the restoration of these scholarships is one more step in the right direction,” said Governor Wolf. “We have repeatedly heard from people working in early child care and education that they would like the opportunity to further their learning. I believe investing in those educating our young minds will help to strengthen Pennsylvania’s future workforce.”The departments of Human Services and Education, in partnership with the Pennsylvania Child Care Association (PACCA), will administer the program. T.E.A.C.H. works with providers, colleges, and child care staff to offer scholarship programs and support systems that improve the education and compensation of child care workers. A portion of the existing funding from the Rising STARS Tuition Assistance program will transition to T.E.A.C.H. to give early childhood professionals more options to earning college credit and degrees.The T.E.A.C.H. Early Childhood® scholarship is a national model, implemented in 23 states including Pennsylvania. The Rising STARS Tuition Assistance program will be maintained at a lower funding level to assist individuals that are ineligible for T.E.A.C.H. and will continue to provide for tuition costs only.“Making professional credentials and college degrees affordable and accessible to our early childhood education workforce is critical if we want to build capacity for high-quality early education services that our young children and families need,” said Department of Human Services Secretary Ted Dallas. “We know that recruitment and retention of qualified staff can be one of the biggest struggles for our quality child care programs. Providing the workforce with additional supports to gain credentials and degrees can alleviate some of those challenges.”“There is concrete evidence that children who participate in early education programs see immediate and long-term benefits. They are less likely to fall behind or drop out of school and more likely to become productive, contributing members of their communities and of our highly-skilled workforce,” Senate Appropriations Committee Chairman Pat Browne said. “I am proud to see funding for T.E.A.C.H. restored so that these vital programs are ensured to have the quality professionals with the necessary education to provide our at-risk young people with the tools and guidance they need to have an opportunity to succeed in school and later in life.”Through T.E.A.C.H. scholarships, early childhood education directors and staff may earn a Child Development Associate (CDA) credential, associate’s degree, bachelor’s degree, or Teacher Certification in Early Childhood Education.“The T.E.A.C.H. scholarship model has an excellent track record of increased education, compensation, and retention in the early childhood education workforce,” said Department of Education Secretary Pedro Rivera. “It’s a partnership of the state, the sponsoring program, early childhood education professionals, and higher education institutions to set the professional on a path to success.”Teachers with specialized education and experience in early childhood education have a significant impact on the quality of an early childhood education program, yet according to the Child Care Aware, the average income of child care workers in Pennsylvania is $21,010. Every T.E.A.C.H. scholarship has four key components:• Scholarship. The scholarship covers most of the cost for tuition and books. Recipients also receive a travel stipend each semester they are enrolled in class. T.E.A.C.H. requires that the sponsoring child care program offer paid release time for the student to attend class, study, or handle personal needs. Participants are assigned a counselor to assist them in scholarship management and career development.• Education. In one scholarship year, each participant must successfully complete a required number of credit hours toward a degree or credential in early childhood education.• Compensation. At the end of the scholarship year, if they complete their educational requirement, participants are eligible to receive either a bonus or a raise.• Commitment. Participants agree to continue working in their child care program for one year after each scholarship year.The T.E.A.C.H. Early Childhood® Pennsylvania Scholarship Program awarded the first scholarships in September 1998 using private and business collaboration dollars. DHS began funding scholarships in January 1999.Directors and staff in DHS-certified child care programs participating in Keystone STARS who meet income and work requirements are eligible to apply.For more information and to apply, visit www.pacca.org.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf August 12, 2016center_img Pennsylvania Restores Scholarship Funding for 1,000 Early Child Care Professionalslast_img read more

Local employer offers employment scholarship

first_imgBatesville, In. — The Batesville McDonald’s location offers “Archways to Opportunity” for students working toward post secondary education goals.Any student employed by the restaurant three (3) months or longer will receive a scholarship of $2,500. The program can be renewed annually. There is no GPA or essay requirement.For more information please email missycooper1818@gmail.com.last_img

First scoring job leads Feller to Maquoketa promoter’s post

first_img“I haven’t been this fired up about the new race season in a long time. If it wasn’t for this little track, I wouldn’t be where I am,” said Feller, who scored his first race at Maquoketa in 1975 and has since kept track of laps and lineups at another 52 tracks nationwide. “This is a very, very spe­cial place for me.” A $1,000 to win, Fast Shafts All-Star Invitational ballot qualifier for the Modifieds is scheduled July 18. Northern SportMods and Stock Cars race for $750 to win on May 30 and Aug. 15, respec­tively, while the inaugural Full Fender Frenzy for Hobby Stocks and Stock Cars is June 20.  “We want to get people involved. Groups that sell tickets for us for events like the principals’ race or faster pastor race will receive a portion of those proceeds,” explained Feller. “We’re really ex­cited about the reading program. Kids who make reading goals will receive a certificate from their favorite driver during intermission.” He’ll apply 40-odd years of race track education at Maquoketa, starting with that focus on kids and community.  Opening night at Maquoketa is April 18 with the IMCA Speedway Motors Weekly Racing point season for IMCA Modifieds, IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks and Karl Kus­toms Northern SportMods running through Sept. 5.  Mentored by Jerry and Donna Blue while working at West Union and Independence, Feller pro­moted East Moline from 2004-2006. center_img MAQUOKETA, Iowa – Score a career highlight this season for Kevin Feller. “I like IMCA’s rules and it’s a lot easier for everyone to have the same rules as all the other tracks in the area,” Feller said. “I’ve been around IMCA for a long time and already have strong contacts with everyone at the IMCA home office.”  “I am very driven on getting a young crowd to the track. I’m working with the schools and with the library on a reading program,” he continued. “We want to get kids interested in racing and we want to get them and their parents to the track.”  Feller returns to his hometown Maquoketa Speedway to promote Saturday night racing, with four IMCA divisions on regular weekly programs and high hopes of introducing a legion of young fans to the sport. last_img read more

Gas prices expected to rise

first_imgBatesville, In. — As the price of gas rises due to seasonal additives, refinery issues could force prices even higher. Senior petroleum analyst Patrick Dehaan says major issues including fires at two facilities are expected to put upward pressure on prices in the Pacific Northwest and Gulf Coast regions. Also, refineries throughout the area are performing routine maintenance that can limit production.The national average price of gas is about $2.55-per gallon. Locally, most stations are offering gas for around $2.49-per gallon.last_img read more