28 Nov '14, 8am

[Week In Review] A volatile property market with increasing mortgagee sales, Full story at:

[Week In Review] A volatile property market with increasing mortgagee sales, Full story at:

Auction sales are on the rise as mortgagees are selling their properties at bank auction houses. Colliers International revealed a sharp increase in properties put up for auction sale in 2014, when 98 residential properties were put up by mortgagees from January to October 2014. Ms Grace Ng, Colliers International Deputy Managing Director, noted to the Singapore Business Review that “A total of 131 properties were put up for auction sale by mortgagee this year from January to October. This is more than five times the 25 properties put up by mortgagee in the same period last year. In the residential segment, 98 residential properties were put up by mortgagees in the period from January to October 2014. This is seven times the 14 residential properties put up in the same period last year.” Two luxury homes at the Turquoise, in Sentosa Cove, were put up on mortgagee sale ...

Full article: http://www.iproperty.com.sg/news/9536/Week-in-Review---27...

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