13 Nov '17, 2am

Home sales via auction soar to record high

Auction sales of residential properties in Singapore hit a one-year record high of $31.9 million in Q3 2017, according to a new report from Knight Frank. By value, this respectively translates to a 40.3 percent and 166.8 percent surge from the prior quarter and same period a year ago. By number, 15 homes were successfully sold compared to six in Q2 2017. These comprise three landed and 12 non-landed houses, with three landed and seven of the latter accounting for mortgagee sales. Overall, the number of mortgage listings here rose 26.7 percent quarter-on-quarter and 14.8 percent year-on-year to 209 units during the three-month period. “The residential sector remained the major contributor of the total number of properties put up for auction (106 units out of 209 units). This represented an increase of 24.7 percent from 85 units in Q2 2017 or a six percent year-on-year incre...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Home sales via auction soar to record high

propertyguru.com.sg 13 Nov '17, 2pm

Auction sales of residential properties in Singapore hit a one-year record high of $31.9 million in Q3 2017, according to ...

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