Auction listings rise 8.8% to 148 as mortgagee sales dominate Q1

Total sales value grew 13.7% YoY to $10.3m amidst a 3.4% success rate.

Auction listings rose 8.8% year-on-year (YoY) to 148 in the first quarter of 2026 (Q1), comprising 103 mortgagee sales, 30 owner sales, and 15 others, according to a Knight Frank Singapore report.

Among these, five properties were successfully sold during the quarter, with gross sales valued at $10.3m, up 13.7% YoY, and representing a success rate of 3.4%.

The transactions included residential and industrial properties, with the largest deal being a freehold terrace house along Lorong 22 Geylang, which sold for $3.5m.

Mortgagee listings rose 28.8% quarter on quarter to 103 in Q1 from 80 in the previous quarter.

Residential properties accounted for the majority of auction listings in the quarter at 66 (44.6%), followed by industrial properties with 42 listings (28.4%), and retail units with 31 listings (20.9%).

Meanwhile, owner listings totalled 30, down by two from the previous quarter and 13 lower than the same period a year earlier. Retail units accounted for 14 of the owner sale listings, exceeding residential listings in that category.

The auction market is expected to remain active over the year, supported by higher listing volumes, particularly mortgagee sales, but tempered by cautious buyer sentiment and benign financing conditions. Conversion rates are also expected to remain modest.

“With listing volumes on the increase and buyers becoming increasingly selective, successful transactions hinge on pricing realism and asset quality rather than distressed urgency,” said Tan Tee Khoon, Head, Auction & Sales, Knight Frank Singapore.