{"id":109651,"date":"2019-08-05T13:31:16","date_gmt":"2019-08-05T06:31:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-listings-by-owners-up-in-q2-2019\/"},"modified":"2019-08-05T14:11:12","modified_gmt":"2019-08-05T07:11:12","slug":"auction-listings-by-owners-up-in-q2-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-listings-by-owners-up-in-q2-2019\/","title":{"rendered":"Auction Listings By Owners Up In Q2 2019"},"content":{"rendered":"


\nThe number of auction listings in Singapore increased 10.5 percent quarter-on-quarter to 400 listings in the second quarter of 2019, revealed a Knight Frank report. On an annual basis, auction listings rose 47.6 percent.
\nThe report noted that the number of auction listings under owner sale rose 15.8 percent quarter-on-quarter in Q2 2019. The hike was led by the residential sector which posted a 23.3 percent increase to 106 listings.
\nThis comes as more residential property owners turn to auction \u201cas an alternative mode of sale to expedite their sales\u201d.
\nThe report showed that the number of non-landed and landed residential listings by owners in Q2 2019 rose by 15 percent and 28.9 percent quarter-on-quarter respectively.
\nLanded residential listings from District 19 (Serangoon Garden, Hougang, Punggol) increased from the previous quarter\u2019s four to 10 in Q2 2019.
\nAll the listings were for semi-detached homes with freehold and 999-year leasehold tenure, while average unit price stood at $1,003 per sq ft (psf).
\nMedian prices of freehold landed properties within the district grew nine percent year-on-year to $1,247 psf in Q2 2019, said Knight Frank.
\nThe number of non-landed residential listings in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) rose from two in Q1 2019 to 11 in Q2 2019.
\nThe units either have a freehold or 999-year tenures and carry an average asking price of $2,256 psf.
\nThe property consultancy noted that freehold non-landed homes within the district inched up by 0.1 percent year-on-year to $1,818 psf in Q2 2019.
\nMeanwhile, auction listings under mortgagee sale fell 8.2 percent quarter-on-quarter to 146 listings in Q2 2019. The residential sector also accounted for the bulk of such listings with 91.
\n\u201cThe confluence of slower economy, restructuring of sectors, the volatile financial markets and rising interest rates contributed to the increase in mortgagee sales in Q2 2019,\u201d said Knight Frank.
\nLooking to buy a Singapore home instead but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Auction Listings By Owners Up In Q2 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of auction listings in Singapore increased 10.5 percent quarter-on-quarter to 400 listings in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109651","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-swz","jetpack-related-posts":[{"id":122692,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-success-rate-drops-to-4-7-in-q3\/","url_meta":{"origin":109651,"position":0},"title":"Auction success rate drops to 4.7% in Q3","date":"October 20, 2021","format":false,"excerpt":"\r A 26.5% decline in the number of overall auction listings overall was also reported, with\u00a0150 listings in Q3 2021, down from 204 listings in Q2 2021. Singapore\u2019s property auction market saw success rate drop 4.7% in the third quarter of 2021, from 6.4% in the preceding quarter, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/property-auction.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-success-rate-to-exceed-5-this-year\/","url_meta":{"origin":109651,"position":1},"title":"Auction success rate to exceed 5% this year","date":"July 29, 2021","format":false,"excerpt":"\r Auction success rate to exceed 5% this yearThe auction success rate was at 6.5% in Q2 2021, with\u00a013 properties, with a gross value of $36.9 million, being sold. Knight Frank expects the auction success rate for this year to surpass 5%, amidst an increased inventory as well as an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Property-Auction-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":21805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-homes-on-auction-in-q2-report\/","url_meta":{"origin":109651,"position":2},"title":"More homes on auction in Q2: report","date":"August 3, 2016","format":false,"excerpt":"\r The number of landed properties put up for mortgagee sale rose by 142 percent from last year. The number of residential properties put up for auction increased by 21.2 percent quarter-on-quarter to 103 units in Q2 2016, according to a Knight Frank report. While the sector accounted for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-prime-residential-properties-going-up-for-auction\/","url_meta":{"origin":109651,"position":3},"title":"More prime residential properties going up for auction","date":"April 17, 2019","format":false,"excerpt":"\r The hike in mortgagee listings for residential properties was attributed to higher interest rates, last year\u2019s cooling measures and the subdued rental market. The number of residential properties from prime districts 9, 10 and 11 that were listed under mortgagee sale rose 53.8 percent quarter-on-quarter, or 233.3 percent year-on-year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/knight-frank-report-auction-listings-jumped-23-9-in-2019\/","url_meta":{"origin":109651,"position":4},"title":"Knight Frank report: Auction listings jumped 23.9% in 2019","date":"January 15, 2020","format":false,"excerpt":"\r The surge in mortgage sale listings was due to higher retrenchments, hikes in interest rates, and drop in rental payments. Given the subdued economic growth in 2019, Singapore saw the number of auction listings, including repeat listings, jump 23.9% year-on-year to 1,387 in 2019, revealed a Knight Frank report.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-via-auction-soar-to-record-high\/","url_meta":{"origin":109651,"position":5},"title":"Home sales via auction soar to record high","date":"November 13, 2017","format":false,"excerpt":"\r 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.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109651"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109651"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}