Auction Listings Climb 10 Q O Q 3q2025 Amid Easing Interest Rates Knight Frank
In the third quarter of 2025, the Singapore property auction market saw an increase in the number of listed properties compared to the previous quarter. According to research conducted by Knight Frank Singapore, there were a total of 132 auction listings, excluding properties sold outside of auction and including repeat listings. This marks a 10% increase from the 120 listings recorded in the second quarter of 2024. In addition, it is a 53.5% increase from the same period in the previous year. The rise can be attributed to the increase in mortgagee sale listings, which hit 85 listings during the quarter. This was a 32.8% increase from the 64 mortgagee sale listings seen in the second quarter of 2025.
Knight Frank’s research suggests that the climb in mortgagee listings is due to the recent easing of interest rates and the convenience and wider exposure that properties can gain through electronic bidding platforms. Owner sale listings totaled 29, a 29.3% decrease from the previous quarter’s 41 listings. Additionally, there were 18 listings for other types of properties, up from 15 in the second quarter of 2025.
The success rate of properties sold at auction also saw an increase in the third quarter of 2025. Nine listings were successfully auctioned, resulting in a 6.8% success rate. This marks an improvement from the 4.2% success rate of five properties sold at the auction in the previous quarter. The total gross sale value for the properties successfully auctioned in the third quarter of 2025 was $27.4 million.
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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, which was 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 that was sold for 6.8% above its opening price at $9.1 million. Additionally, a two-bedroom unit at Astoria Park and a ramp-up factory at Yishun Industrial Street 1 were sold for $1.2 million and $868,888 respectively, resulting in premiums of 3.3% and 2.2% from their opening prices.
In terms of property type, residential properties comprised the majority at 58.3%, up from 64 listings in the second quarter of 2025. Industrial properties made up 33 listings, accounting for 25% of the total listings, an increase from the 28 listings in the previous quarter. Lastly, commercial properties made up 28 listings, including 20 retail units and 8 office units, which accounted for 16.7% of the total listings.
Sharon Lee, head of auction and sales at Knight Frank Singapore, comments, “With more properties being sold before and during auctions, the market is showing renewed momentum, led by the industrial and residential segments.”