Knight Frank Singapore has revealed a significant rise in auction listings for the first quarter of 2026, with a total of 148 properties listed, marking a 10.4% increase from the previous quarter. The report highlights that successful transactions now depend more on realistic pricing and asset quality, according to Tan Tee Khoon, Head of Auction & Sales at Knight Frank Singapore.
The gross sales value for Q1 2026 reached S$10.3m, a 39.3% increase from the previous quarter, despite a 13.7% year-on-year decrease. The success rate for auctions stood at 3.4%, with five properties sold, including a notable S$3.5m sale of a freehold terrace house in Lorong 22 Geylang.
Residential properties dominated the listings, accounting for 44.6%, followed by industrial and retail units. The introduction of the KF Bidding App has modernised the auction process, allowing remote participation. A ground floor warehouse unit at Liberty Warehouse was sold for S$1.6m via the app, showcasing the potential for digital auctions.
Mortgagee sales saw a 28.8% quarter-on-quarter increase, with 103 listings. Residential and industrial properties comprised the majority. Meanwhile, owner sales listings decreased slightly, with retail units making up the bulk due to pressures from rising operating costs and evolving consumer preferences.
Looking ahead, Knight Frank anticipates continued activity in Singapore’s auction market, driven by increasing mortgagee sales and cautious buyer sentiment. The adoption of digital platforms is expected to enhance market reach and transparency, potentially boosting participation from younger and international buyers. Auction success rates are projected to remain modest at around 5% throughout 2026.
