Partner with Our
Expert Auction Team
Maximising Property Sales with Expert Guidance
At ERA’s Property Auction Department, we provide tailored advice and strategic recommendations to help you achieve the best outcomes. From pricing to timing, our dedicated team ensures property owners, whether selling residential or commercial properties, secure optimal results quickly and efficiently. Trust us to guide you every step of the way.
Professional Auction Expertise
Comprehensive Auctions
We handle the auction and transaction of all property types, giving you the confidence to achieve your goals.
Expert Reserve Price Guidance
Our team provides strategic advice on setting optimal reserve prices, maximizing your property’s potential.
Effective Property Marketing
Experience innovative marketing strategies that showcase your properties and capture buyer attention.
In-Depth Market Analysis
Benefit from our extensive knowledge of market trends and comparable property prices to make informed decisions for greater returns.
Supportive Bidding Assistance
Navigate the auction floor smoothly with our experienced team guiding you through procedures and contract signing.
Exclusive Auction List
Explore our auction listings and uncover unique properties that hold the potential to be your next smart investment or dream home.
21 November 2024
24 October 2024
2024 Upcoming Auction Dates
Stay tuned for the latest updates on our auction schedule to secure your next property.
- 24 October, Thursday
- 21 November, Thursday
- 17 December, Tuesday
Private Treaty Listing
Discover exceptional properties in our private treaty listings that could be the key to your future success or ideal home.
Receive the Latest
Auction Updates
Auction Team
For enquiries, please email to [email protected]
Alison Lee
CEA Reg. No. R002917G
Carol Quek
CEA Reg. No. R002955Z
Irene Song
CEA Reg. No. R002917G
Yvonne Lau
Auction Guidelines
- Interested buyers to contact marketing executive for more details of the property (Land area, floor area, maintenance charges, indicative pricing etc.)
- Interested buyers can make arrangement with marketing executive for inspection of the property.
- Interested buyers must also check on their eligibility to buy properties prior to the auction sale Eg. Foreigners are not allowed to bid for landed houses unless with LDAU prior approval.
- Make enquiries with the relevant bank or financial institution if you need financing for the property. This will determine the loan quantum and affordability.
- A copy of the property particulars as well as the Particulars and Conditions of Sale (COS) may be obtained from the marketing executive. Seek legal advice or clarification from your solicitors before the auction (if necessary).
- At the auction, interested buyers have to bring along a cheque (2 cheques if GST is payable), their identity card/ passport, company stamp and/or Power of Attorney.
- The auctioneer will be the sole arbitrator of any disputed bid.
- Subject to a reserve price, the highest bidder will be the purchaser.
- Bids may be communicated either verbally, by a show of your hand or by a distinctive gesture e.g. nodding of the head.
If the property is successfully sold, the buyer is required to sign the COS immediately and pay a deposit of 5% of the bid price. Upon the completion of sale, the balance 95% of the successful bid price shall be due payable. For commercial and industrial properties, GST has to be paid upon signing the contract (if applicable). - After signing the COS, completion of the property is usually 8-10 weeks (unless otherwise stated by the COS). Please instruct your lawyers to correspond with the seller’s lawyer for the completion of sale.
- Vendor to appoint ERA Realty Network Pte Ltd (“ERA”) to conduct auction sale for their property by signing the Auction Agreement Form and Reserve Price and send back to ERA together with a cheque for the auction fees and a photocopy of the identity card/ passport to show proof of ownership.
- Vendor to give details of property (address, area, tenure, maintenance charges, tenancy agreement, valuation report, floor plan, site plan etc.)
- Vendor to appoint their own lawyer to prepare the Particulars and Conditions of Sale (COS) and send the engrossed copy to the “Auctioneer” at least 5 days before the auction date.
- Vendor to allow/arrange for ERA to inspect and take photos of the property and to conduct viewing for prospective buyers (if necessary).
- If the property is vacant, Vendor to pass the keys to the marketing executive so as to facilitate viewings.
- If property is tenanted, Vendor to inform tenant of intended sale and to allow inspection and viewing.
- Vendor to refer all enquiries or offers from potential purchasers/other agents to ERA.
- Prior to the auction, Vendor to review the Reserve Price upon receiving feedback from marketing executive.
- If property is sold at the auction, ERA will, on behalf of the Vendor, sign the COS and collect the deposit. The deposit and signed COS will be forwarded to Vendor’s lawyer for completion.
- Vendor undertakes to pay ERA the agreed commission if the property is sold by ERA either by staff/any other agent/person/vendors be it at the auction, private sale and/or even if instruction was given to withdraw the property from auction sale.
