{"id":74954,"date":"2017-12-20T09:58:01","date_gmt":"2017-12-20T02:58:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-sales-hit-six-year-high\/"},"modified":"2017-12-20T10:04:33","modified_gmt":"2017-12-20T03:04:33","slug":"auction-sales-hit-six-year-high","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-sales-hit-six-year-high\/","title":{"rendered":"Auction sales hit six-year high"},"content":{"rendered":"


\nView of the Good Class Bungalow at 86 Chestnut Drive.
\nWhile 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 last year\u2019s $94.43 million, but also the highest since 2011, according a new report from property consultancy JLL.
\nBy value, dwellings accounted for 77.2 percent of the transactions. One of the priciest was a Good Class Bungalow (GCB) at 86 Chestnut Drive that was sold for $11.38 million.
\nSimilarly, the overall value of mortgagee sales involving private residential properties hit $51.18 million in 2017, the highest in more than ten years.
\nThe top three deals comprised a non-landed home at The Trillium in 112 Kim Seng Road as well as two landed housing in 27 Chiltern Drive and 80 Lorong G Telok Kura. These changed hands for $4.6 million, $5.5 million and $6.5 million respectively.
\n\u201cAs market sentiments improve, more buyers are expected to enter the market going forward. We expect increase in interest especially for mortgagee\u2019s sale,\u201d said JLL\u2019s Head of Auction and Sales Mok Sze.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Auction sales hit six-year high<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the Good Class Bungalow at 86 Chestnut Drive. While the deal number only...<\/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-74954","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-juW","jetpack-related-posts":[{"id":60068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-bungalow-up-for-sale-for-s20-8mil\/","url_meta":{"origin":74954,"position":0},"title":"Sentosa Cove bungalow up for sale for S$20.8mil","date":"July 7, 2017","format":false,"excerpt":"\r A two-storey bungalow in Sentosa Cove has been put up for sale for S$20.8 million, which works out to S$2,378 per sq ft. based on the property\u2019s 8,746 sq ft. land area, reported New Straits Times. Marketing agent List Sotheby\u2019s Singapore revealed that the property on 65 Ocean Drive\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":74954,"position":1},"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":102146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auctions-gaining-traction-among-ultra-rich-as-a-mode-of-sale\/","url_meta":{"origin":74954,"position":2},"title":"Auctions gaining traction among ultra-rich as a mode of sale","date":"December 10, 2018","format":false,"excerpt":"\r Even landowners and developers have been considering auctions as an effective mode of selling properties. More high-net-worth individuals are turning to auction as an effective mode of selling their properties, with one in four properties put up for auction during the first 10 months of 2018 valued at $5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-bungalow-snapped-up-for-33-3mil\/","url_meta":{"origin":74954,"position":3},"title":"Sentosa Cove bungalow snapped up for $33.3mil","date":"August 24, 2018","format":false,"excerpt":"\r A single-storey bungalow in Sentosa Cove has been sold to a Singapore permanent resident (PR) for $33.3 million \u2013 the highest price achieved for a Sentosa Cove bungalow since 2013. The property fetched a $33.3 million price, which worked out to $1,795 per sq ft, due to several unique\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-property-investment-sales-in-q3\/","url_meta":{"origin":74954,"position":4},"title":"Residential sector dominates property investment sales in Q3","date":"October 4, 2016","format":false,"excerpt":"\r Landed home sales, especially large bungalow transactions, contributed significantly to property investment deals last quarter, research shows. Real estate investment sales in Singapore jumped 16 percent year-on-year to $4.61 billion in the third quarter of 2016 from $3.99 billion a year before, according to preliminary estimates from JLL. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wilkinson-road-bungalow-sold-for-55-5-million-singapore-property-market-braces-for-increased-chinese-demand-and-more\/","url_meta":{"origin":74954,"position":5},"title":"Wilkinson Road Bungalow Sold for $55.5 million, Singapore Property Market Braces for Increased Chinese Demand, and More","date":"February 6, 2023","format":false,"excerpt":"\r Wilkinson Road Bungalow Sold for $55.5 million, Singapore Property Market Braces for Increased Chinese Demand, and More31st January to 6th February 2023 An old house along Wilkinson Road in District 15 has been sold for $55.5 million, which works out to $2,161 per sq ft (PSF) based on its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/02\/singapore-skyline-hdb-flat.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74954"}],"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=74954"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}