27 Dec '13, 3am

Property auction sales values fell in 2013 - Property Auctions News, Property Investment | PropertyGuru

Dec 19, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share The Singapore property auction market sold 19 properties out of 488 properties put up by all auction houses in 2013. This is a decline of 20.8 percent from last year's 24 properties sold, according to a report by Colliers International. Despite the decline in volume, total sale value chalked up in 2013 exceeding that in 2012 by around 46.7 percent to S$91.63 million from S$62.44 million. The report noted that the higher total sale value was primarily driven by the sale of four high-value properties auctioned in Q1 2013, which accounted for a 76.5 percent of the overall sale value in 2013 or S$70.1 million. “The year saw property auction activity fizzling out after the first quarter – with sale value declining from S$76.08 million in Q1 2013 to only S$3.9 million in Q4 2013,” it said. Meanwhile, th...

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

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