{"id":32386,"date":"2016-10-31T11:00:41","date_gmt":"2016-10-31T04:00:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-surge-in-q4\/"},"modified":"2016-10-31T12:31:58","modified_gmt":"2016-10-31T05:31:58","slug":"property-auction-sales-surge-in-q4","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-surge-in-q4\/","title":{"rendered":"Property auction sales surge in Q4"},"content":{"rendered":"


\nView of the vacant land plots within Swiss Club Estate, which were sold through an auction for $15.22 million. (Photo: JLL Singapore)
\nProperty auction sales in Singapore gained momentum during the last quarter of 2016, with transaction volume reaching $44.02 million even before the end of October, revealed a JLL report.
\nThis surpasses the $9.62 million in sales during Q1, $14.81 million in Q2 and $20.53 million in Q3. In fact, it is almost on par with the combined figure of $44.96 million for the previous quarters.
\n\u201cWe are off to a good start for the last quarter of the year, with October sales value making up almost half the total sales value of $88.9 million year-to-date,\u201d said Mok Sze Sze, Head of Auctions at JLL Singapore.
\nThe high transaction volume for the three-month period was boosted by the sale of three vacant plots of land within the prime Swiss Club estate for $15.22 million, with the said properties attracting a total of 14 bids.
\nThe three plots are flanked by Swiss Club Link, Jalan Kampung Chantek and Bukit Tinggi Road, and surrounded by established institutions such as The Swiss Club, The British Club and the Hollandse School.
\nAnother deal that propelled the auction market in Q4 was the sale of a landed property at 4 Jalan Bahasa off Dunearn Road for $12.3 million, after it drew 18 bids inspite of a high starting price of $11.5 million.
\nLocated near the Swiss Club plots, the corner site is currently occupied by a two-storey detached unit suitable for redevelopment, given its prime location in District 11.
\nJLL also closed the estate sale involving 21 Daffodil Drive located off Upper Thomson Road, which was sold for $4.35 million after receiving nine bids. The single-storey detached unit is suitable for redevelopment due to its proximity to Thomson Plaza, MacRitchie Reservoir and Nature Reserve, the Singapore Island Country Club and the upcoming Upper Thomson MRT station.
\n\u201cWe see renewed interest in the auction market, especially for landed units in favourable locations with redevelopment potential,\u201d noted Mok.
\nThe consultancy also auctioned off a four-bedroom duplex penthouse at Seascape at Sentosa Cove for $6.35 million ($1,497 psf). The previous owner bought the unit from the developer for $11 million ($2,594 psf) in December 2011, which translates to a 42.3 percent loss of $4.65 million.
\nSource: JLL Singapore
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property auction sales surge in Q4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the vacant land plots within Swiss Club Estate, which were sold through an...<\/p>\n","protected":false},"author":1,"featured_media":32387,"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-32386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/2016-auction-sales.png?fit=495%2C260&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8qm","jetpack-related-posts":[{"id":38189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-up-significantly-in-q4\/","url_meta":{"origin":32386,"position":0},"title":"Property auction sales up significantly in Q4","date":"December 15, 2016","format":false,"excerpt":"\r Q4 auction sales accounted for over half of total sales in 2016. (Photo: JLL) Property auction sales for the fourth quarter of 2016 exceeded expectations, with total sales at $47.2 million, or 51 percent of this year\u2019s tally, said property consultancy JLL. The figure is more than three times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102457,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-hit-7-year-low\/","url_meta":{"origin":32386,"position":1},"title":"Property auction sales hit 7-year low","date":"December 21, 2018","format":false,"excerpt":"\r The total sales value at auctions nearly halved year-on-year from $101.5 to $54.12 million. The overall value of properties that were successfully sold via auction nearly halved from $101.5 million in 2017, ending the year at $54.12 million, the lowest since 2012, according to a new report from JLL.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/12\/Total-sales-value-during-auction.jpg?fit=400%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-sales-hit-six-year-high\/","url_meta":{"origin":32386,"position":2},"title":"Auction sales hit six-year high","date":"December 20, 2017","format":false,"excerpt":"\r View of the Good Class Bungalow at 86 Chestnut Drive. While the deal number only marginally rose from 41 to 46, the total value of properties that have been successfully auctioned off in Singapore reached $103.35 million so far this year. This is not only 9.44 percent greater than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-december-2016\/","url_meta":{"origin":32386,"position":3},"title":"News Roundup (December 2016)","date":"December 21, 2016","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. \u00a0 BTO flat supply to taper in 2017: Lawrence Wong The government will gradually taper the supply of Build-To-Order (BTO) flats in 2017, with the HDB launching around 17,000 units, down from the 18,000 units launched this year, revealed National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/auctions-e1482291227621.jpg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-road-good-class-bungalow-for-sale-at-38-8m\/","url_meta":{"origin":32386,"position":4},"title":"Jervois Road Good Class Bungalow for sale at $38.8m","date":"September 12, 2019","format":false,"excerpt":"\r This District 10 property is situated within the Chatsworth Park Good Class Bungalow area. It is also within the embassy enclave, and is minutes from the central business district A good class bungalow (GCB) along Jervois Road has been put up for sale via tender, carrying a guide price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strongest-first-quarter-on-record-for-singapore-investment-sales\/","url_meta":{"origin":32386,"position":5},"title":"Strongest first quarter on record for Singapore investment sales","date":"March 29, 2018","format":false,"excerpt":"\r Residential collective sales dominate with $5.83 billion worth of deals. Property investment sales in Singapore saw its best ever first quarter, reaching a staggering $10.84 billion in Q1 2018, according to preliminary figures from JLL. This is up a significant 95.2 percent from the $5.55 billion recorded in the\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\/32386"}],"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=32386"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/32387"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}