Auction listings hit record-high in 2019 with 1,458 listings

Submitted By:  Shaina Teope Case Study:  No Residential properties led the listings with 798 units. Total auction listings in Singapore rose by 34% YoY in 2019 to a new high to 1,458 listings from 2018’s 1,088 listings, according to a report by Colliers. Nearly 52% of the total listings were mortgagee sales at 751 listings. This is a 59.1% increase YoY. Meanwhile, total owner listings similarly jumped by 14.8% to 707, as owners continued to sell their properties via auctions for maximum exposure and a higher chance to achieve optimal prices, noted the report. read more