The Singapore property auction market registered a significant drop in total sales value and number of transactions in the first quarter of the year, chalking up a total of 17 transactions worth only S$27.87 million, property consultants Colliers International said. Colliers said that it was the lowest sales value garnered since the auction market rebounded in the first quarter of 2009, after the global...
Property Auction
Auction sales of properties in Singapore hit a record high in August at S$22.7 million, 37 per cent higher compared to a year ago. The increase was mainly due to the sale of four residential infill land sites by the Singapore Land Authority (SLA), despite taboos associated with property purchase during the Hungry Ghost month. The report by Collier's International said this confirms that investors are...