{"id":62968,"date":"2017-08-07T12:08:19","date_gmt":"2017-08-07T05:08:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-q3-start-for-the-auction-market\/"},"modified":"2017-08-07T12:10:07","modified_gmt":"2017-08-07T05:10:07","slug":"strong-q3-start-for-the-auction-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-q3-start-for-the-auction-market\/","title":{"rendered":"Strong Q3 start for the auction market"},"content":{"rendered":"


\n\u00a0
\nSingapore\u2019s auction sales market was off to a strong third quarter start, with total sales value at S$34.8 million for the month of July alone, revealed an Edmund Tie & Company report.
\nWhile it is just the start of the quarter, the figure is already 18.1 percent higher than the S$29.5 million registered in Q2 2017. It is also 41 percent higher from the S$20.5 million posted in Q3 2016.
\nOf the twelve units sold, only The Paterson #20-04 was sold on its second attempt \u2013 indicating a revival of buyers\u2019 interest, particularly in the residential sectors.
\nEdmund Tie & Company attributed the improvement in buyer\u2019s sentiments to the recent release of the Monetary Authority of Singapore\u2019s (MAS) annual report, \u201cwhere it was stated that the property cooling measures are not likely to be eased in the near future\u201d.
\nIn fact, buyers showed no preference to a specific price segment, snapping units priced from S$550,000 for a one-bedroom unit in Centra Suites, Geylang to several big-ticket deals above the five million mark like two penthouses in District 9 \u2013 The Paterson and The Suites @ Central.
\nAside from the two District 9 units, three more units in Districts 9 and 10 were sold \u2013 bringing it to a total of five out of 12 units sold are located in the prime districts.
\n\u201cThis could indicate buyer\u2019s readiness to commit to good deals in the CCR,\u201d noted the report.
\nLooking ahead, Edmund Tie & Company auction head Joy Tan is excited \u201cto see how the second half of the year plays out in the auction market, as we enter the quarter with already S$79.5 million under the hammer, year-to-date\u201d.
\n\u201cThis is just 15.9 percent shy of 2016\u2019s total sales value of S$92.2 million.\u201d
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Strong Q3 start for the auction market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Singapore\u2019s auction sales market was off to a strong third quarter start, with total...<\/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-62968","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-gnC","jetpack-related-posts":[{"id":37211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-from-singaporean-home-buyers-continues-to-grow-2\/","url_meta":{"origin":62968,"position":0},"title":"Demand from Singaporean home buyers continues to grow","date":"December 6, 2016","format":false,"excerpt":"\r A stronger resale market overall Lake Grande in Jurong was the most popular project among Singaporeans in Q3, with 441 units sold to local buyers. Image credit: Christopher Chitty The residential market is seeing growing demand from local buyers, who accounted for around 76 percent of home sales in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-from-singaporean-home-buyers-continues-to-grow\/","url_meta":{"origin":62968,"position":1},"title":"Demand from Singaporean home buyers continues to grow","date":"December 6, 2016","format":false,"excerpt":"\r Lake Grande in Jurong was the most popular project among Singaporeans in Q3, with 441 units sold to local buyers. (Photo: Christopher Chitty) The residential market is seeing growing demand from local buyers, who accounted for around 76 percent of home sales in Q3 2016, revealed a report from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-plunge-63-in-q3\/","url_meta":{"origin":62968,"position":2},"title":"Residential investment sales plunge 63% in Q3","date":"October 25, 2018","format":false,"excerpt":"\r Investment sales in the residential sector plunged to $2.2 billion due to a lackluster en bloc market. Overall property investment sales in Singapore declined from nearly $10 billion in the previous quarter to $6.5 billion in Q3 2018 following the introduction of new property cooling measures in July, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92863,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-down-33-in-q2\/","url_meta":{"origin":62968,"position":3},"title":"Property auction sales down 33% in Q2","date":"June 30, 2018","format":false,"excerpt":"\r The lack of big-ticket items being auctioned this year led to the drop in sales value. Singapore\u2019s auction market registered a total sales value of $19.64 million during the second quarter of 2018, down 33 percent from $29.48 million over the same period last year, revealed Edmund Tie &\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condominium-sales-rose-49-2-qoq-in-q3-2019\/","url_meta":{"origin":62968,"position":4},"title":"New condominium sales rose 49.2% QoQ in Q3 2019","date":"November 15, 2019","format":false,"excerpt":"\r Despite a dip in new project launches, more units put up for sale compared to Q3 2018.\u00a0 New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore Business Review citing a Edmund Tie report. This figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-sees-first-home-price-hike-in-4-years\/","url_meta":{"origin":62968,"position":5},"title":"S\u2019pore sees first home price hike in 4 years","date":"October 30, 2017","format":false,"excerpt":"\r Overall prices of private homes in Singapore rose for the first time in nearly four years after it edged up by 0.7 percent in Q3 2017 compared with the 0.1 percent dip in the prior quarter, according to the latest statistics from the Urban Redevelopment Authority (URA). In particular,\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\/62968"}],"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=62968"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62968\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=62968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=62968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=62968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}