COTD: Mortgagee sale listings rise in Q1 driven by residential segment

It consisted of 32 non-landed homes and five landed residences.

The quarter-on-quarter rise in the overall mortgagee sale listings in Q1, driven by the residential segment, Knight Frank reported.

Residential mortgagee listings rose to 37 from 25, consisting of 32 non-landed homes and five landed residences.

Knight Frank also attributed the increase to the delayed impact of the sustained high-interest rate environment throughout 2023 and 2024, where an increase in distressed assets has only now been observed.

Moreover, there were 18 commercial mortgagee listings, comprising 17 retail shops and one office unit. Additionally, there were 26 industrial mortgagee listings.

Two HDB shophouses were listed as mortgagee sale listings, the first time such has been put up for auction after 11 consecutive quarters since Q1 2022.