Property Auction

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...

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...

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...

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...

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...

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...