A row of five adjoining shophouses at Teck Chye Terrace was sold for S$14.63 million on Thursday (Jan 22), according to marketing agent Colliers International. This is higher than the indicative price of S$13 million. The auction was conducted on Thursday and ended in the evening, but Colliers was unable to disclose the buyer's details. Located at the junction of Upper Serangoon Road and Boundary...
Auctions
A row of five adjoining shophouses at Teck Chye Terrace will be put up for sale by auction later in January. Located at the junction of Upper Serangoon Road and Boundary Road, the freehold shophouses sit on a land area of about 7,861 sq ft . The five units have a total floor area of approximately 12,163 sq ft. Its marketing agent Colliers International said in a statement on Monday (Jan 5) that the...
There has been a sharp jump in the number of residential properties put up for sale by mortgagees. According to property consultancy Colliers International, the total number so far this year is 123, a seven-fold jump from just 17 in 2013. Non-landed units accounted for 65.4 per cent of private homes in the mortgagee listings. These included condominiums in prime areas such as Marina Bay and Sentosa...
Of all the private homes being sold through public auctions, about 70 per cent were put on sale by their owners, according to Colliers International which holds one such auction every month. The remaining are put on auction by banks. Seventy-four per cent of all auctioned properties this year were condominiums while the rest were landed properties. Colliers said more homes were being auctioned off...
The local property auction market rebounded in the third quarter of 2014 on stronger residential sales, according to a report by real estate consultancy Jones Lang LaSalle (JLL), released on Thursday (Sep 25). It said nine properties were successfully auctioned in the July-September period. While this is similar to the previous quarter, the sales value was significantly higher. JLL said in the report...
The number of mortgagee sales at property auctions in Singapore jumped sharply during the first three months of this year -- a sign that owners in financial difficulty are finding it harder to dispose of their properties. Figures compiled by real estate consultancy Colliers International showed 22 mortgagee listings during the first quarter, far higher than the average of eight mortgagee listings per...
The property auction market in Singapore went into a deeper slumber in the fourth quarter, with only S$3.9 million in sales closed, a 15.1 per cent decline from the preceding quarter’s already tepid S$4.6 million, as loan curbs and cooling measures continued to weigh on the market, real estate firm Jones Lang Lasalle (JLL) said yesterday. Ms Mok Sze Sze, JLL’s Head of Auction and Sales, said: “The...
There have been fewer sales in the Singapore property auction market. A total of 19 properties went under the hammer this year compared to 24 transactions in 2012. However, the total sales value chalked up this year was higher at about S$92 million compared to S$62.4 million last year. Overall, there were 488 properties that were put up for sale by all auction houses in 2013. Those figures are...
The property auction market in Singapore slowed to a crawl in the second quarter, with both sales volume and value transacted falling sharply from the previous three months, real estate consultancy Colliers International said on Friday. Only four properties worth a total of S$7.05 million were sold via auction in the April-to-June period, down 91.6 per cent from the S$83.44 million recorded in the...
Eleven properties were put up for sale at an auction held by Knight Frank Singapore last week, of which two were sold even before the event. The properties that changed hands are a 904 sq ft two-bedroom condominium unit and a retail space along Petir Road. The condo at Cube 8 is currently under construction, with the temporary occupation period (TOP) set for 2014. On the other hand, the 538 sq ft shop on...