Chart of the Day: Condo listings under mortgagee sales grew 26.7% in Q1

Private condo listings under mortgagee sales grew due to higher mortgage payments arising from growing interest rates.

This chart from Knight Frank shows the number of private condominium listings under mortgagee sales as well as the 3M SIBOR rate for the past five years. There were 57 non-landed residential listings in Q1 2019, up by 26.7% QoQ. The 3M SIBOR rate also rose progressively from 1.448% in Q1 2018 to 1.944%.

Landed residential listings under mortgagee sales also grew by 23.8% QoQ, standing at 26. The number of residential listings from Districts 9, 10 and 11 put up under mortgagee sale also inclined significantly.

Overall, residential listings under mortgagee sales accounted for 52.2% (83 listings) of total mortgagee listings, 69.4% YoY increase, attributed to higher monthly mortgage payments arising from rising interest rates, along with a subdued rental market.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

Singapore payments to hit $114b by 2030
Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
Cards & Payments