Knight Frank Singapore has reported a significant rise in auction listings for the second quarter of 2026, marking the fifth consecutive quarterly increase. The total number of listings reached 157, a 6.1% increase from the previous quarter and a 30.8% rise year-on-year. Despite the increase in listings, the gross sales value was S$14m, reflecting a 36.1% quarterly increase but a 34.3% decrease compared to the same period last year.
The auction market in Q2 2026 was dominated by mortgagee sales, which accounted for 109 of the listings. This marks a 5.8% increase from Q1 2026 and the second consecutive quarter with over 100 mortgagee listings, a level not seen since the pandemic. Tan Tee Khoon, Head of Auction & Sales at Knight Frank Singapore, noted that the rise in mortgagee sales could indicate financial pressures leading banks to act on non-performing mortgages.
Residential and industrial properties made up the majority of the auction listings, with residential listings increasing by 25.8% and industrial listings by 19% from the previous quarter. Notable sales included a 999-year leasehold terrace house for S$5.2m and a freehold terrace house for nearly S$3m.
Looking ahead, the auction market is expected to remain active, driven by value-conscious buyers seeking attractive entry prices and redevelopment potential. The KF Bidding App has also expanded its reach, facilitating the first successful HDB resale transaction and broadening participation in property auctions.
