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Auctioning on the rise

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According to JLL, Q3 2015 saw seven residential properties out of ten being sold at auctions, all of which were mortgagee listings.

Auctioned homes fetched better prices this quarter, with residential sales reaching S$13.62 million compared to S$6.83 million in Q2 2015.

All ten properties were successfully auctioned at their first appearance, a marked improvement compared to Q2 2015, when only half of the properties were successfully sold at their first appearance.

Many required multiple relisting before being sold.

Taken from iProperty

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Guest Wednesday, 21 August 2019