Singapore property auction success rate hits record highs since 2011 | Real Estate Asia
, Singapore

Singapore property auction success rate hits record highs since 2011

The success rate was at 9.5%, equivalent to a total gross sales value of S$90.3m in 2022. 

According to a report by Knight Frank, auction listings decreased 19.5% q-o-q to 99 listings (including repeat listings and excluding properties sold outside of auction) in Q4 2022, rounding off the year with a total of 420 listings. 

Here’s more from Knight Frank:

Overall, auction listings declined by 31.9% y-o-y with mortgagee and owner sale listings dipping 52.3% y-o-y to 133 listings and 19.6% y-o-y to 250 listings respectively (Exhibit 1). 



Notwithstanding the drop in listings, the success rate was the highest since the data has been tracked from 2011 at 9.5%, translating to 40 properties knocked down and a total gross sales value of S$90.3 million in 2022. During the quarter, eight out of the nine properties sold exchanged hands at the first time of asking, setting an overall success rate of 9.1%, with transaction value increasing 6.3% q-o-q to S$20.1 million. 

Beyond mortgagee and owner sales, listings from other types of sales (including estate, receiver, and bank sales) spiked 88.9% q-o-q to 17 in Q4 2022, contributing to the increase in the residential, office and industrial sectors. Despite the slowing economy, three industrial units that were newly added into the listings, closed between 5.4% and 6.8% above the opening price at the first auction attempt.


Follow the link for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!