Record Mortgagee Auction Listings in 2019

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2020 Singapore Flash Report Auction Listings 2019 1536x1024

Total property auction listings scaled to new heights in 2019, surpassing the 2018's record with 1,458 listings.

Due to a more challenging economic environment, total mortgagee listings surged by 59.1% year-on-year (YOY) to 751 in 2019. Meanwhile, total owner listings were up by 14.8% YOY as owners continued to sell their properties via acutions for maximum exposure and a higher chance to achieve optimal prices.
 
However, the total number of properties sold at auctions for the year dropped to 21 properties - a decline of 40.0% YOY. With rising listings, the success rate of sales fell to 1.4% in 2019 - the lowest  annual level in Colliers Research's database.
 
Colliers expects total listings could grow by 10% in 2020, as more properties are listed for sale amid an uncertain environment, particularly in view of the potential economic impact of the COVID-19 outbreak.
 
Download this Flash report for more our analysis of the property auction marke, and recommendations for home buyers and owners.

2020 Singapore Radar Report Singapore Market Outlook 2020 1040x1040

Record Mortgagee Auction Listings in 2019

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Tricia Song

Director and Head

Singapore

Tricia Song is a Director and the Head of Research at Colliers International Singapore. Ms Song brings with her more than 13 years of experience in real estate equity research and capital markets in Singapore and ASEAN. Before Colliers, she was the lead analyst for the Singapore Real Estate and REITs sector at Equity research at Barclays Bank PLC and before that at Credit Suisse, HSBC, CIMB-GK, and UOB KayHian. She was the lead analyst on various IPO pre-deals such as Ananda Development, iREIT Global and CapitaMalls Asia.

She also has prior experience in private equity, working on M&A deals in Asia Pacific at Newbridge Capital. Ms Song graduated with a Bachelor of Business Studies (Honours) degree from Nanyang Technological University, Singapore.

 

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Steven Tan

Senior Director

Singapore

Steven has over 25 years in the real estate business and progressed through various roles in this industry from property management to valuation and auction then into investment sales to leading the  non-institutional capital markets – added to his original role as head of the auction team in Colliers Singapore.

Steven is known to preserve a close relationship with his clientele who are High Net-worth individuals - known in the local as Tow Kay (big boss in local dialect), investors from all walks of life and business partners big and small, making him the leading choice to head the non-institutional capital markets.

Steven was lauded for brokering the first freehold industrial sale in the year 2020 for 190 Macpherson Road at $88m. His other notable and worth-mentioning deals include the collective sale of 2-24 Phoenix Road at $42.6M which was sold above its reserved price and another industrial building (food factory) at 200 Pandan Loop at $56.8M.

Steven also qualified as a licensed appraiser with the Inland Revenue Authority of Singapore, a member of Singapore Institute of Surveyors and Valuers (MSISV) and member of Royal Institute of Chartered Surveyor (MRICS).

 

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Juvena Lim

Associate Director & Head

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Undertake valuation works, perform site inspections and maintain data for properties, including collection of development brochures and plans. Verification of reports and signing of reports. Produce quality and timely valuation reports. Maintain good rapport and relationship with clients from different banks.
 
She joined Colliers International in Year 2003 as a Valuation Officer.
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