Auction

Auction vs Private Treaty. Is One Better Than the Other?

Auctions and private treaty are two common methods of selling real estate. Each has its own benefits and drawbacks, and the best method will depend on the specific property and market conditions. Benefits of auction: Speed: Auctions are typically quicker than private treaty sales, as the property is sold on a specific date. This can be beneficial for sellers who want to sell their property quickly...

60-year leasehold industrial property sold at 20% above opening price via auction

Huttons Sales & Auction successfully knock down a mortgagee sale property on 18 Aug 2022. From left: Ms Wendy Yap (Senior Director, Mortgagee Sale Specialist), Mr Teddy Ng (Deputy Head, Sales & Auction), Mr James Wong (Head, Sales & Auction), Ms Geri Ang (Director, Corporate Account), Ms Jeanette Ngo (Director, Asset Advisory), Mr Yap Boon Seng (Senior Director, Mortgagee Sale...

Mortgagee sale of three-bedder at The Esparis for $1 mil

SINGAPORE (EDGEPROP) - A three-bedroom unit at The Esparis, a condominium located at Pasir Ris Drive, was sold at an auction by Huttons Group on June 16. A mortgagee sale, the property fetched $1 million or 2% above its opening price, says James Wong, head of auction and sales at Huttons. The Esparis is a 99-year leasehold property by City Developments that was completed in 2006....

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