{"id":113624,"date":"2020-01-15T10:27:37","date_gmt":"2020-01-15T03:27:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/knight-frank-report-auction-listings-jumped-23-9-in-2019\/"},"modified":"2020-01-15T11:05:17","modified_gmt":"2020-01-15T04:05:17","slug":"knight-frank-report-auction-listings-jumped-23-9-in-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/knight-frank-report-auction-listings-jumped-23-9-in-2019\/","title":{"rendered":"Knight Frank report: Auction listings jumped 23.9% in 2019"},"content":{"rendered":"


\nThe surge in mortgage sale listings was due to higher retrenchments, hikes in interest rates, and drop in rental payments.
\nGiven 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.
\nHowever, the success rate dipped to 1.4% in 2019 from 3.1% in 2018.
\n\u201cThe time taken to sell a property lengthened as prospective buyers preferred to \u2018wait-and-see\u2019 before registering a bid that met the reserve price,\u201d explained the property consultancy.
\nIn 2019, mortgagee sale listings rose to 630 from 391 in 2018.
\nThe residential sector saw the number of listings under mortgagee sale increase for the third year in a row, rising 62.6% year-on-year to 356.
\nExplaining the increase in mortgage listings, the report said: \u201cFrom 2014 to 2017, the surge in mortgage sale listings was due to higher retrenchments, hikes in interest rates, and drop in rental payments.
\n\u201cHowever, from 2018 to 2019, the rise in listings seemed to correlate with more applications for bankruptcies and increased volatility within the equity markets. Slowing economic growth and the trade war between China and United States also led to an accumulation of bad debts and a fall in top-line growths, pressurising some owners to default on mortgage payments\u201d.\u00a0
\nLanded residential listings steadily grew from 2014\u2019s 18 listings to 2019\u2019s 99 listings.
\nNon-landed home listings under mortgagee sale have also been on the uptrend, rising from 139 in 2018 to 257 in 2019.
\n\u201cWith interest rates staying flat and private rents picking up in 2019, the hike in mortgage sale listings seemed to be a result of slower economic growth,\u201d said Knight Frank.
\n\u201cThe slower economic growth not only impacted owners of upper-middle-income, but also adversely affected high net worth individuals who owned firms that suffered a contraction in orders.\u201d
\nIn fact, the number of listings for penthouses (not limiting to prime districts) placed under mortgagee sales rose from 23 in 2016 to 68 in 2019.
\n\u201cThe penthouses also underwent more rounds of auctioning, averaging 2.6 rounds in 2019 compared to an average of 2.2 rounds in 2018,\u201d noted the property consultancy.
\nMeanwhile, listings under owner sales climbed from 650 in 2018 to 687 in 2019.
\nFor Q4 2019, however, the number of listings fell 15.4% quarter-on-quarter or 50% year-on-year to 121. Residential listings under owner sale rose from 209 in 2018 to 338 in 2019.
\nLanded home listings under owner sale increased from 137 in 2018 to 142 in 2019, while non-landed residential listings more than doubled from 72 in 2018 to 196 in 2019.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Knight Frank report: Auction listings jumped 23.9% in 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The surge in mortgage sale listings was due to higher retrenchments, hikes in interest rates,...<\/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-113624","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-tyE","jetpack-related-posts":[{"id":106167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-prime-residential-properties-going-up-for-auction\/","url_meta":{"origin":113624,"position":0},"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":122692,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-success-rate-drops-to-4-7-in-q3\/","url_meta":{"origin":113624,"position":1},"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":113624,"position":2},"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":105733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-listings-under-mortgagee-sale-up-in-q1\/","url_meta":{"origin":113624,"position":3},"title":"Condo listings under mortgagee sale up in Q1","date":"April 3, 2019","format":false,"excerpt":"\r Residential listings under mortgagee sale continue to make up the bulk of total mortgagee listings. Private condominium listings under mortgagee sale have been on the uptrend as mortgage payments have been rising on the back of increasing interest rates. For the first quarter of 2019, non-residential listings under mortgagee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-auction-market-posted-higher-success-rates-in-2020\/","url_meta":{"origin":113624,"position":4},"title":"Singapore auction market posted higher success rates in 2020","date":"January 26, 2021","format":false,"excerpt":"\r Despite a fall in auction listings from 1,387 in 2019 to 497 in 2020,\u00a0the auction market still posted higher success rates, increasing to 3.6% from 1.4% in the previous year. Singapore saw total auction listings, including repeat listings, for 2020 fell to 495 from 1,387 in 2019 as physical\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/property-auction.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":109651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-listings-by-owners-up-in-q2-2019\/","url_meta":{"origin":113624,"position":5},"title":"Auction Listings By Owners Up In Q2 2019","date":"August 5, 2019","format":false,"excerpt":"\r The 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. The report noted that the number of auction listings under owner sale rose 15.8 percent\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\/113624"}],"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=113624"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}