Property · Building · Design
In the 7 years since its launch, YIJU New Zealand has enjoyed strong support from readers and industry experts alike. This year, we are offering complimentary copies of issues 14–16 from 2020, delivered to your home free of charge.
On 24 March, New Zealand announced that it was joining forces with 9 major banks to launch the NZ$6,250,000,000 Business Finance Guarantee Scheme for small and medium-sized businesses, to protect jobs and support the economy. Under the scheme, the government bears 80% of the credit risk and banks bear 20%. It provides three-year loans of up to NZ$500,000 per loan to companies with turnover between NZ$250,000 and NZ$80,000,000.
As everyone continues to assess how this lockdown will affect businesses, the New Zealand Chinese Building Industry Association would like to hear your feedback through this survey. The findings from our analysis of the survey data will be sent to government agencies and the media, while your personal and company information will remain strictly confidential. We hope the findings and information will help the government make sound, timely decisions and help the construction industry through this difficult period. Please scan the QR code at the end of the article to access the survey.
As the global Covid-19 pandemic intensifies and New Zealand enters Alert Level 4, industry professionals obliged to work from home have offered various forecasts for the country's property market.
On 23 March, Prime Minister Jacinda Ardern announced that New Zealand would move to Alert Level 4, asking the public to “be strong and be kind”. Early this morning, after a 48-hour transition, the whole country officially entered lockdown. At this moment, we have never felt so close to our own communities, and police officers we might previously have gone years without encountering may now be patrolling the streets outside our homes.
On 11 March, the World Health Organization declared the outbreak a pandemic. Over the following two weeks, confirmed coronavirus cases worldwide surged from more than 120,000 to 420,000. From 23:59 today, New Zealand's coronavirus alert level will also rise to the highest level, Level 4, for at least 4 weeks.
Three more coronavirus cases have been reported in Wellington and Dunedin.
The Reserve Bank has cut the official cash rate (OCR) to 0.25% for the next 12 months as the effects of coronavirus, or COVID-19, further unsettle the economy.
Waitematā DHB chief executive Dr Dale Bramley has confirmed New Zealand's sixth case of COVID-19.
Auckland's Pasifika Festival has been cancelled to reduce the risk posed by the spread of coronavirus.
With the COVID-19 coronavirus outbreak now officially a pandemic, New Zealand's Health Minister says New Zealanders should remain vigilant during the outbreak, although the World Health Organization's declaration “changes nothing”.
Health Minister Dr Ashley Bloomfield said this afternoon that New Zealand had confirmed its third coronavirus case, a New Zealand man in his 40s. He lives in Auckland and became ill at home