Singapore
MORTGAGEE sale listings in Singapore reached a record high in the first quarter of 2019, according to data compiled by Knight Frank.
Out of 362 auction listings, 159 were mortgagee sale listings, the highest ever recorded in Knight Frank's database stretching back to Q1 2011. The mortgagee listings were up 28.2 per cent from the previous quarter, and doubled from a year ago.
More than half came from the residential sector, but businesses also showed signs of strain, with industrial listings up more than five times year-on-year to 39 and retail listings more than doubling over the same period to 32.
Forty-five were fresh listings, up 18.4 per cent from the previous quarter and up 28.6 per...