Mortgagee listings were up as of Q1 2025. Also referred to as distressed properties, these are homes that have been foreclosed on. The rise in mortgagee sales is a bit unsurprising, given the volatile economy and the higher interest rates in end-2024, but if you’re thinking this is a chance to snag some cheap properties, don’t get your hopes too high. Contrary to popular belief, mortgagee sales aren’t always a source of “cheap” houses: Mortgagee listings are on the rise Mortgagee sales in Singapore rose in Q1 2025. According to Knight Frank, there were 83 mortgagee sale listings in Q1 2025, a substantial rise from 67 listings in the previous quarter. More than half of the 83 mortgagee sales were residential properties: they comprised 32 non-landed and five landed properties, while the others were commercial or industrial. The success of the auctions remained muted, with only seven properties actually being auctioned off....