Residential properties in prime location in auction

Several prime residential properties are going on the block this week in mortgagee sales.

Marketing agent Knight Frank's line-up boasts a 4-bed duplex penthouse at Marina Boulevard with a guide price of S$12.6 million and a 2.5-storey bungalow at Sentosa Cove priced at S$10.75 million.

The auction, which will begin on Feb 24, 2022, also includes a 2-bedroom apartment with a guide price of S$1.53 million.

Meanwhile, Edmund Tie will start its auction on Feb 23, 2022, with residential properties ranging from a S$670,000 1-bedroom unit to a S$2.1 million 3-bedder.

However, the marketing agency noted that auction starting bids may not be the same as guide prices stated on its property listings.

Analysts also expect more bank sale listings in the second half of the year.