Singapore property auction listings likely to gain pace as rates rise
Market watchers point to combination of expiring government credit support, cooling measures and higher mortgage rates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MORE properties in Singapore could go under the hammer this year, amid rising interest rates and the expiry of relief measures for borrowers.
Figures from Knight Frank showed that the property auction market was active in 2021 with a total of 670 listings - including repeat listings but excluding properties sold outside of auction - up 35.4 per cent from 2020's tally.
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.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
