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COTD: Auction listings up by 7.1% QoQ in Q1

The overall auction listings in the quarter were made up of more mortgagee sales.

Auction listings rose by 7.1% quarter-on-quarter (QoQ) to 136 in Q1 2025, marking a 51.1% jump compared to the same period last year. The figure includes relisted properties but excludes those sold outside of auctions.

The overall auction listings in the quarter were made up of more mortgage sales than owner sales, with 83 and 43, respectively.

At the same time, there were 10 listings of other types in Q1 2025. The 10 listings consisted of five residential units listed as sheriff sales, three factories listed as a liquidator sale, one industrial unit listed as a bank sale, and one non-landed residence listed as an estate sale.

Residential properties made up 45.6% (62) of the total listings. There were 36 retail units (26.5%) in Q1 2025, whilst the two office units (1.5%) were fewer than the six offices listed in Q4 2024.

Meanwhile, industrial properties comprised 23.5% (32) of the overall listings, one more than the 31 recorded three months ago, and the two shophouses listed made up 1.5% of the total.

Seven properties, out of a total of 136 auction listings, made up of five mortgagee sale listings and two owner sale listings, were knocked down at auction, translating to a success rate of 5.1% and accounting for a total gross sale value of $11.9m in Q1 2025.

Four properties were sold at their respective opening prices. These included a three-bedder apartment at Scotts Square, an HDB shophouse in Serangoon, a retail shop at The Commerze @ Irving, and a factory unit at T99 for $4.1m, $1.9m, $637,000, and $635,000, respectively.

Additionally, a factory unit at In-Space and a one-bedder apartment at Le Wood were sold at $1.9m and $1m, respectively, and these were sold at discounts of 3.8% and 2.9% from the respective opening prices.

In contrast, a two-bedder apartment with private lift access in D’Ecosia was sold at $1.7m, a 14.7% premium to its opening price of $1.5m.

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