We can see the keen interest of buyers on property auctions picking up, especially on mortgagee sales. The figures could really pick up in 4 – 6 months time should the market situation not improve. It’s always interesting to visit property auction houses to see what bargain buys they can have for you under the hammer.
Knight Frank’s Singapore auction team led by Ms. Mary Sai has an upcoming auction in a month’s time (on 24th March). Details are to be announced on their website.
Read more views about the last quarter’s aspect from Singapore Knight Frank’s auction team and 2nd half of 2008 property auction highlights from Nicholas Mak, Director of Consultancy & Research Department, Knight Frank.