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More properties up for auction but few sold

Only six of the 132 units in Q1, up from 120 in Q4, snapped up for $17.87m

THE number of properties put up for sale via auction is increasing as more sellers are turning to the auction market when they find it hard to move sales in the secondary market. But selling units in the auction market isn't always quicker as there are cautious buyers staying on the sidelines.