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Mortgagee sales lift number of auction properties in Jan-Feb

JLL figures show 114 properties put up for auction in first 2 months of 2015, up 52% from 2014 and 58% more than 2013

Kalpana Rashiwala

Published Wed, Mar 4, 2015 · 09:50 PM

JLL

Singapore

A TOTAL of 114 properties were put up for auction in the first two months of this year, up 52 per cent from 75 properties that went under the hammer in the same period last year and 58 per cent more than the 72 properties in the first two months of 2013, according to figures from JLL.

The increase was driven by a big jump in properties put up for sale by mortgagees (or lenders). In January-February 2015, the figure was 39 compared with 10 in January-February 2014 as well as 10 in January-February 2013.

JLL's analysis also showed …