SINGAPORE PROPERTY
·
SUBSCRIBERS
Sales of distressed homes take off as demand and prices converge
Potential buyers make rounds at property auctions for bargains, but auctioneers say fire sales not typical
Published Tue, Mar 16, 2021 · 09:50 PM
Singapore
SALES of distressed residential properties may be moving at glacial speed but some are getting sold as buyers pay near the opening prices, either at auction, or by negotiation after the auction.
A mortgagee property at The Ladyhill was sold above the opening price of S$7.055 million after the Jan 7 auction, said Sharon Lee, Knight Frank's head of auction & sales.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
