Pace of property sales at auctions quickens in fourth quarter: JLL

Singapore

THE pace at which properties are sold under the hammer has quickened in the fourth quarter, according to a new analysis on auction sales.

More properties are sold at their first listing in auctions this year, as a narrowing expectation gap on prices between sellers and buyers spurred quicker sales, JLL says.

The property consultancy said the proportion of properties (by sales value) sold during their first auction l…