Auction Listings Climb 10 Q O Q 3q2025 Amid Easing Interest Rates Knight Frank
The latest report from Knight Frank Singapore has revealed an increase in the number of properties listed for auction in the third quarter of 2025 in the Singapore property market. According to the research, there were a total of 132 auction listings, excluding properties sold outside of auctions and including repeat listings. This marks a 10% increase from the previous quarter at 120 listings, and a 53.5% rise compared to the same period last year. The rise in auction listings can be attributed to the increase in mortgagee sale listings, which saw a 32.8% jump from the previous quarter at 85 listings.
The recent easing of interest rates and wider exposure through electronic bidding platforms are cited as the main reasons for the increase in mortgagee sale listings. Owner sale listings, on the other hand, saw a decline of 29.3% from the previous quarter at 29 listings. There were also 18 listings of other types, up from 15 in the previous quarter.
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The third quarter also saw a higher success rate in auctions, with nine properties successfully auctioned, resulting in a success rate of 6.8%. This is an increase from the 4.2% success rate in the previous quarter, with five properties successfully auctioned. The total gross sale value of the properties sold at auction in the third quarter was $27.4 million. Six of the properties were sold at a discount from their opening prices, including a residential unit at Parkshore that was sold for $4 million, 14.7% lower than its opening price of $4.7 million. The remaining three properties were sold at a premium, including a freehold industrial property at 108 Tagore Lane, which was sold at 6.8% above its opening price at $9.1 million.
In terms of property type, residential properties made up the majority at 58.3% (77), up from 64 listings in the previous quarter. Industrial properties made up 33 listings (25%), up from 28 listings in the previous quarter. Commercial properties made up 28 (16.7%) listings, including 20 retail units and 8 office units.
Sharon Lee, head of auction and sales at Knight Frank Singapore, attributes the renewed momentum in the property market to the increased number of properties sold both before and during auctions, led by the industrial and residential segments. It is evident that the property auction market in Singapore is showing a positive trend in the third quarter of 2025.