21 Apr '15, 5am

Rise in number of auction properties , after a long time.. hell bells

Comment E-mail to friend Bookmark & Share The number of properties put up for auction increased 35.7 percent quarter-on-quarter in Q1 2015 to 175 units, of which residential properties accounted for 70.3 percent, revealed a Knight Frank report. The number of residential units put up for auction jumped 43 percent quarter-on-quarter to 123 units in the first quarter, crossing the 100-unit mark for the first time since Q4 2010 when 101 residential properties were placed under the hammer. “Persistently weak sentiment stemming from the property cooling measures on the residential sector, coupled with the Total Debt Servicing Ratio (TDSR) and the softening of the leasing market contributed to the residential sector forming the bulk of total auction listings in Q1 2015,” said Sharon Lee, director & head of auctions at Knight Frank Singapore. The report stated that the number of p...

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

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