{"id":71621,"date":"2017-11-13T09:35:47","date_gmt":"2017-11-13T02:35:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-via-auction-soar-to-record-high\/"},"modified":"2017-11-13T10:02:51","modified_gmt":"2017-11-13T03:02:51","slug":"home-sales-via-auction-soar-to-record-high","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-via-auction-soar-to-record-high\/","title":{"rendered":"Home sales via auction soar to record high"},"content":{"rendered":"


\nAuction 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.
\nBy value, this respectively translates to a 40.3 percent and 166.8 percent surge from the prior quarter and same period a year ago. By number, 15 homes were successfully sold compared to six in Q2 2017. These comprise three landed and 12 non-landed houses, with three landed and seven of the latter accounting for mortgagee sales.
\nOverall, the number of mortgage listings here rose 26.7 percent quarter-on-quarter and 14.8 percent year-on-year to 209 units during the three-month period.
\n\u201cThe residential sector remained the major contributor of the total number of properties put up for auction (106 units out of 209 units). This represented an increase of 24.7 percent from 85 units in Q2 2017 or a six percent year-on-year increase from 100 units in Q3 2016,\u201d said the property consultancy.
\nLooking ahead, it expects between 160 and 180 units to be placed under the hammer in Q4 2017, surpassing the figure for the same period last year.
\nWith the rebounding housing market, Knight Frank noted that residential units put up for auction under owner sales could drop this quarter and next year. More owners could also delay the release of their properties in the open auction market amidst the anticipated price hike, in light of rising land costs and record bids for en bloc deals and government land sales.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Home sales via auction soar to record high<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Auction sales of residential properties in Singapore hit a one-year record high of $31.9 million...<\/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-71621","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-iDb","jetpack-related-posts":[{"id":21805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-homes-on-auction-in-q2-report\/","url_meta":{"origin":71621,"position":0},"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":84132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-fever-spreads-to-property-auction-market\/","url_meta":{"origin":71621,"position":1},"title":"En bloc fever spreads to property auction market","date":"March 29, 2018","format":false,"excerpt":"\r More properties being sold at auction. Investors are apparently searching for homes in the auction market that can be sold in future for a good profit via collective sale, according to an Edmund Tie & Co report released today (29 Mar). \u201cIn the last six months, we noticed that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-success-rate-to-exceed-5-this-year\/","url_meta":{"origin":71621,"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":109651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-listings-by-owners-up-in-q2-2019\/","url_meta":{"origin":71621,"position":3},"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":[]},{"id":38189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-up-significantly-in-q4\/","url_meta":{"origin":71621,"position":4},"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":96518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-properties-put-up-for-auction-rose-23-4-but-sales-value-down\/","url_meta":{"origin":71621,"position":5},"title":"Number of properties put up for auction rose 23.4% but sales value down","date":"August 23, 2018","format":false,"excerpt":"\r Knight Frank revealed that 449 properties were placed under the hammer during the first six months of 2018, up 23.4 percent over the same period last year, while sales value dropped 11.2 percent to around $39.6 million, reported The Straits Times. Despite the rise in the number of properties\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\/71621"}],"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=71621"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71621\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}