Chart of the Day: Mortgagee listings up 41.8%

A total of 173 properties were put up for auction.

According to Knight Frank, 173 properties were put up for auction under mortgagee sale, a record high since mortgagee sale data was compiled in 2011. This represented an increase of 43.0% from 121 units in H2 2016 and a 41.8% from 122 units in H1 2016.

In total, ten units put up for auction under mortgagee sale went under the hammer in H1 2017, translating to $15.96m of sales. This is below 11 units of $17.97m transacted in H1 2016 and 13 units of $20.29m transacted in H2 2016.

On a quarterly basis, 86 units were put up for auction under mortgagee sale in Q2 2017, slightly below 87 units in Q1 2017. However, this represented an increase of 38.7% y-o-y compared to 62 units in Q2 2016.

Meanwhile, despite fewer properties put up for auction under mortgagee sale in Q2 2017, six units went under the hammer in Q2 2017 compared to four units in Q1 2017. Sales value increased by 31.9% q-o-q from $6.90m in Q1 2017, but decreased by 24.8% y-o-y from $12.10m in Q2 2016 to $9.10m in Q2 2017.

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