"The success rate of 6.7% in 2023 is typical for the auction market, considering the pre-pandemic range of 1% to 6% success rate recorded from 2015 to 2019. Most of the non-landed listings sold were one to two-bedroom apartments located in the fringe and suburban regions, suggesting that private homes in these areas continued to offer a more palatable entry price."
- Sharon Lee, Head, Auction & Sales