Auctions

Auctioning your property can be easier now with these amazing tips

The auction market is bracing itself for a busy 2022 as more buyers and sellers engage the auction process to transact properties. While there is still a widespread misconception that the auction market are usually distressed sales, nowadays we are seeing different types of property sales at the auctions. These include owners’ sales, sheriff’s sales, developer sales and even MCST (Management...

Belmont Rd GCB in 3rd stab at mortgagee sale with price shaved again to S$39m

A good class bungalow (GCB) at 80 Belmont Road, owned by The Stratech Group's Chew family, will be relaunched for auction next week with a lower guide price of S$39 million, marketing agent Knight Frank Singapore said on Thursday. The auction will be held on Sept 18 at 2.30pm at Amara Hotel, Level 3. The new guide price works out to S$1,444 per square foot (psf) based on 27,000 square feet (sq ft) in...

GCB on Belmont Rd for auction in mortgagee sale, with S$20m guide price

A good class bungalow (GCB) at 5 Belmont Road will be auctioned in a mortgagee sale with a guide price of S$20 million, marketing agent ERA Realty said on Wednesday. This works out to a price tag of around S$1,225 per square foot (psf), based on the guide price and 16,327 square feet (sq ft) in land area. The freehold, two-storey property has a pool, a large basement entertainment area, as well as...

Bukit Panjang GCB up for auction with S$9m asking price

A good class bungalow (GCB) at 7 Chestnut Crescent will be put for sale via auction by its owner next month with an asking price of S$9 million, real estate firm Colliers International said on Monday morning. The freehold property is located within the GCB area in Bukit Panjang. There are 39 clusters in Singapore gazetted for GCBs. The asking price works out to around S$975 per square foot (psf),...

Belmont Road GCB to be auctioned in mortgagee sale with S$42m guide price

A Good Class Bungalow (GCB) at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of S$42 million, property consultancy Knight Frank Singapore said on Tuesday. That works out to a price tag of about S$1,557 per square foot (psf). The auction will be held at 2.30pm on July 23, at the Connection Room on Level 3 of Amara Singapore hotel. The two-storey freehold...

More properties up for auction but sales value down

More properties were auctioned in the first half of the year but the sales value was down markedly on the same period last year due to the lack of big-ticket landed units. Transaction value came in at about $39.6 million, a fall of 11.2 per cent compared with the same six months last year, a Knight Frank report showed. It noted that demand for large quantum properties remained patchy due to the...

Shops and shophouses overtake homes in auctions in Q1: Knight Frank

SHOPS and shophouses overtook residential properties in total sales value in auctions in the first quarter of this year, a report by Knight Frank released on Wednesday shows. Some S$5.5 million worth of shops and shophouses were sold in auctions in Q1, more than double the residential sector's S$2.5 million. This marked the first time since the second quarter of 2014 that the residential sector was...

Mortgagee auctions expected to rise

AMONG the properties making their auction appearance this month are an uncompleted factory in Kranji on a site with a balance lease term of about nine years, a couple of shop units in the basement of the freehold Ming Arcade along Cusacaden Road (both mortgagee sales) and a receiver sale of a two-storey detached house off Upper East Coast Road with seven bedrooms and an indicative price of S$9.5...

Rise in number of properties put up for auction: Colliers International

There has been a sharp increase in the number of properties put up for auction as mortgagee sales. According to Colliers International, there were 171 such listings in the first nine months of this year. This was 52.7 per cent higher, compared to 112 in the same period last year. There were 32 landed properties - more than double the 15 listings when compared to a year ago - including a bungalow in...

Nearly 40% increase in number of properties put up for auction: Colliers

There has been a 38.5 per cent increase in the number of properties put up for auction in the first half of 2015 compared to the previous six months, according to a report by Colliers International. The report said there were 378 listings. Of these, 105 – or nearly 30 per cent – were mortgagee sales, 10 per cent higher compared to the second half of 2014, when there were 95 mortgagee sales. The...

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