Singapore, 30 January 2026– The Singapore property auction market saw increased activity in 2025, with the number of properties listed for auction reaching a four-year high, driven largely by an increase in the number of mortgagee-sale listings.

A total of 529 properties were listed for auction in 2025, up 22.2% from 433 listings in 2024, marking the highest annual auction listing volume since 2021.  The increase highlighted a dynamic property auction market, offering a wide range of opportunities for buyers and investors.

 

Mortgagee-sale listings increased in 2025

Mortgagee-sale listings accounted for 333 properties, or 62.9% of total listings, up from 184 in 2024. Owner-led listings declined to 153 units, representing 28.9% of total listings.

Ms Joy Tan (陈紫萍), Head of Auction & Sales at ETC, a member of Realion Group, says, “The increase in auction listings in 2025 reflected the continued use of auctions by both property owners and financial institutions as a transparent and effective sales platform. While owner-sale listings have historically dominated auction activity, the higher proportion of mortgagee-sale listings in 2025 can be attributed in part to tighter financing conditions and a more cautious economic environment, instead of a fundamental shift in seller behaviour. The only other instance in recent years where mortgagee-sale listings exceeded owner-sale listings was in 2020, a year of market disruptions that briefly shifted auction dynamics.”

 

Trends across property types

Residential properties continued to make up the bulk of auction listings, accounting for 50.9% of total listings, followed by industrial properties (22.5%), retail units (21.7%), and office assets (2.5%).

 

Within residential, it was observed that there were more smaller shoebox and one-bedroom apartment units, as well as some high-value homes above S$5 million, being put up for auction – providing buyers with a range of entry points across different price brackets.

Ms Tan adds, “The wide range of residential properties available for auction reflects the diversity of seller motivations. Some may be navigating tighter cash-flow positions due to higher mortgage rate locked in over the past 2-3 years, while owners of high-value homes are turning to auction as an additional way to reach a broader pool of serious buyers and to achieve optimised pricing outcomes in a measured market.”

Sales performance

The higher number of auction listings translated into an improved auction success rate. In 2025, 24 properties were sold at auction, up from 15 in 2024, lifting the success rate to 4.5%, compared with 3.5% a year earlier.

Total transaction value at auction reached S$64.8 million in 2025, representing a 126% increase year-on-year.  This could be attributed to the successful sale of several high-value properties of more than S$5 million.

Some notable high-quantum properties that were sold this year included:

• A freehold 3-storey B1 terrace factory at Tagore Industrial Avenue, sold at S$9.08 million, above its opening price
• A 4-bedroom apartment at The Sovereign at 99 Meyer Road sold for S$7.7 million
• A freehold 2-storey detached house along Brighton Avenue sold for S$7.6 million
• A 2-storey corner terrace house along Hythe Road sold for S$6.5 million

Outlook

Looking ahead, the property auction market is expected to remain active in 2026, with a possible uptick in high-quantum listings as some owners recalibrate their asset-holding strategies amid evolving regulatory, financing and market conditions.

At the same time, the increased supply of new project completions could exert mild downward pressure on rental prices, which may affect owners’ ability to rely on rental income to service their loans. Coupled with ongoing macroeconomic uncertainties and cautious business sentiment, these factors are likely to shape overall market activity in the year ahead, even as owner-sale listings stabilise on the back of projected interest rate moderation in the second half of the year.

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• A total of 348 listings in 2023, reflecting a 24.2% decrease YoY
• More owner listings than that of mortgagee, indicating owners’ increasing acceptance of auction as a mode of sale
• Total sale value in 2023 at S$33.21 million

 Singapore, 29 January 2024 – A total of 348 properties were put up for auction in 2023, reflecting a 24.2% decrease YoY from 2022. Of the 348 properties, 225 (65%) were owner listings, 105 (30%) were mortgagee listings, while the remaining 18 (5%) were of other listing types . Notably, the proportion of owner listings has exceeded that of mortgagee in the past three years.

Number of Properties Put Up at Auctions (By Type)

Source: EDMUND TIE

 

Ms Joy Tan (陈紫萍), Head of Auction & Sales at EDMUND TIE, says, “There are fewer properties put up for auction in 2023, mainly due to both the healthy rental and resale markets. Correspondingly, owners could still service their loan timely despite the interest rates and sellers were also able to relinquish their properties quickly.

One observation is that in addition to the auction route, banks nowadays are also more open to exploring private treaty sales, expression-of-interest or tender exercise to move the properties, especially those of higher quantum value.”

Meanwhile, the higher proportion of owner listings than that of mortgagee in the last three years has been encouraging. This demonstrated that owners in Singapore are getting more sophisticated in leveraging different disposal vehicles, one of which is auction, to sell their properties.

Ms Tan comments, “The beauty of using auction is minimising the probability of owner-buyer negotiation which could be a tiresome process, as a reserve price would have already been set prior to the auction. Plus, genuine buyers will have their funds ready at the auction to bid and the Sales and Purchase agreement is executed immediately after auction, resulting in a transparent and efficient sales process.”

Property Auction Sales Performance

The Singapore property auction market concluded 2023 with 21 properties sold, achieving a total sale value of S$33.21 million. This marked a 62.7% YoY decrease from 2022; the last comparable in property auction sales was in 2020 that recorded S$27.34 million.

Year 2019-2023: Property Auction Transaction Performance

Source: EDMUND TIE

Of the 21 properties sold by auction, 12 were industrial properties, 8 were residential and 1 was office.

Notably, the highest transacted property in 2023 was an industrial unit (4,795 sq ft) in Eunos Techpark, hammered down at S$5 million. This was followed by a residential apartment (1,948 sq ft) in Sommerville Park at Farrer Drive that was sold for S$4.45 million.

Other high-value transactions via auction in 2023 included:

• An apartment in Watertown at Punggol (1,259 sq ft) sold for S$2.11 million
• An industrial unit in Tong Lee Building at Kallang Pudding (2,820 sq ft) sold for S$1.89 million
• An apartment in Tree House (1,227 sq ft) at Chestnut Avenue sold for S$1.85 million
• An apartment in Esparina Residences at Compassvale Bow (829 sq ft) sold for S$1.16 million
• 2 industrial units in Enterprise Hub at Toh Guan (4,639 sq ft and 4,628 sq ft) each sold for S$1.09 million

Outlook

Looking ahead, Ms Tan says, “On the back of the expected public and private residential supply coming onstream this year, coupled with competition from other sellers with comparable properties in the market, owners may find it more challenging than previous years to secure tenants or dispose of their properties. Consequently, the number of properties listed for auction would probably trend upwards.”

 

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