Private and HDB blocks in Singapore. Property auctions typically have a mixture of different asset types, with the bulk of the listings being residential homes. SINGAPORE: More commercial and industrial properties are likely to come up at property auctions this year amid a challenging business climate.
“If these three tick boxes are there, we don't mind giving a good market price,” he said. “But let's say it doesn’t match the tick boxes, we will offer maybe a 10 to 15 per cent difference and see how it goes.” Of all the properties listed, about 7 per cent were eventually sold, which is considered historically typical for the auction market. More than half of those sold were industrial properties.“There'll be listings from all sectors, we expect, particularly in the commercial and industrial sectors,” said Mr Leonard Tay, head of research at Knight Frank Singapore.