20 Jan '15, 10pm

#GlobalREBubble #Singapore Property auctions bounce back, but there’s a downside @SGPropertyGuru

Comment E-mail to friend Bookmark & Share Singapore’s property auctions market has bounced back from lower sales activities to become an efficient platform for homeowners to make a quick sale on their properties, according to JLL research analyst Shuyu Sun. She noted that in the last two years, auctions were affected by softer investor sentiment and transaction volume in the property market due to the government’s cooling measures. But from the second half of 2014, auction sales picked up with a significant increase in the total value of successfully auctioned properties. Part of the reason for the higher activity is the growth in mortgagee sales. Since the introduction of the Total Debt Servicing Ratio (TDSR) framework in June 2013, the number of mortgagee listings has risen from only 28 in 2013 to 150 last year. Another contributing factor is the narrowing price expectat...

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

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