{"id":25465,"date":"2023-06-08T16:53:00","date_gmt":"2023-06-08T08:53:00","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=25465"},"modified":"2023-06-08T23:48:33","modified_gmt":"2023-06-08T15:48:33","slug":"property-jargon-of-the-day-fire-sale","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-fire-sale\/","title":{"rendered":"What is a fire sale and where to find them?"},"content":{"rendered":"
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Once in a while, 99.co<\/a> picks a piece of property jargon to demystify. Today we look at the term “fire sale”<\/strong>.<\/p>\r\n\r\n\r\n\r\n

What is a fire sale?<\/h2>\r\n\r\n\r\n\r\n

The term “fire sale” used to refer to the sale of goods damaged by fire. After someone’s house burned down, for example, they’d usually sell off any partially surviving furniture at steep discounts.<\/p>\r\n\r\n\r\n\r\n

But today, fire sale<\/a> is a common term used in many industries including property. A fire sale refers to an urgent sale, often at a steep discount, by a distressed seller.<\/p>\r\n