Knight Frank Singapore has reported a significant uptick in auction activity for the third quarter of 2025, driven by easing interest rates and increased electronic bidding. The total number of auction listings rose to 132, marking a 10% quarter-on-quarter increase and a 53.5% rise compared to the same period last year. Gross sales value reached $20.1m (S$27.4m), a 28.7% increase from the previous quarter and a staggering 355.4% year-on-year growth.
The industrial and residential sectors led the momentum, with nine properties sold at auction, including a notable sale of a freehold industrial property at 108 Tagore Lane for $6.7m (S$9.1m), 6.8% above its opening price. Sharon Lee, Head of Auction & Sales at Knight Frank Singapore, highlighted the role of their electronic bidding platform in broadening exposure and facilitating real-time engagement.
Mortgagee sales were a significant contributor, with 85 listings, up 32.8% from the previous quarter. Of the nine properties sold, seven were mortgagee sales, indicating a trend where easing interest rates are making leveraged acquisitions more attractive. Notably, a two-bedroom flat at Astoria Park sold at a 3.3% premium, whilst a ramp-up factory at Yishun Industrial Street 1 achieved a 2.2% gain.
The auction market’s growing appeal is underscored by increased listings of residential, industrial, and retail properties, despite a decline in office asset listings. The expanded use of electronic bidding has enhanced auction visibility, attracting both local and overseas buyers. As interest rates continue to moderate, Knight Frank anticipates sustained interest in the auction market, particularly in the industrial and residential segments.
