Knight Frank Singapore’s latest Auction Report for Q2 2025 reveals a significant shift in the property auction landscape, with sellers becoming more realistic in their pricing expectations. The report highlights a 78.8% quarter-on-quarter increase in gross sales value, reaching S$21.3 million, despite a decrease in the total number of auction listings.
The number of auction listings fell by 11.8% from the previous quarter to 120, largely due to a reduction in mortgagee sale listings. This decline is attributed to easing interest rates, which have allowed more homeowners to manage their mortgage payments and avoid foreclosure. Sharon Lee, Head of Auction & Sales at Knight Frank Singapore, noted, “Auctions have an inherent self-regulating character, where listings can be revised to realistic levels and successfully transacted subsequently.”
In Q2 2025, five properties were sold at auction, achieving a success rate of 4.2%. Notably, a landed home in Brighton Avenue was sold at a 1.3% premium over its opening price. Residential properties dominated the listings, accounting for 53.3% of the total, whilst commercial and industrial properties made up the remainder.
The report also indicates that the auction process is helping to align seller expectations with market realities, particularly in a volatile global economy. As geopolitical tensions and trade uncertainties persist, more property investors may choose to liquidate assets, potentially increasing auction activity. Knight Frank’s findings suggest that auctions provide a platform for sellers to adjust their pricing strategies, offering buyers more reasonably priced opportunities.
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