RECOUPING Cash
A total of 360 attributes were up for sale next year, according to Knight Frank Singapore, according to real estate firm Knight Frank. More than a third of these ads were made up of private properties.  ,
User listings, which are properties that the owner has listed rather than the bank, were present for about 240 properties.
About 7 % of the qualities listed ultimately sold, which is considered to be normal for the bidding market previously. More than half of the items were commercial components.
Knight Frank Singapore anticipates a slightly higher success rate of up to 10 % this year.  ,
” There’ll be entries from all industries, we expect, especially in the commercial and industrial sectors”, said Mr Leonard Tay, head of research at Knight Frank Singapore.  ,
Some company owners may have found the small business environment of 2023 very demanding, which could have led to the offloading of these assets this year to recover some of their capital.
The recycled money can then be used for fresh investments this year, “especially if opportunities arise where costs have trended downward towards more realistic degrees,” said Mr. Tay.  ,