{"id":33293,"date":"2020-05-14T20:46:47","date_gmt":"2020-05-14T12:46:47","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=33293"},"modified":"2022-06-13T17:25:09","modified_gmt":"2022-06-13T09:25:09","slug":"how-to-find-fire-sale-properties-recession-auctions","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/","title":{"rendered":"How to Hunt for Fire Sale Properties in a Recession (other than auctions)"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>A <a href=\"https:\/\/www.channelnewsasia.com\/news\/singapore\/covid-19-economy-singapore-will-enter-recession-2020-mas-review-12683096\">recession<\/a> is when you start to see properties go under the hammer, and start getting sold at below market prices. <strong>The truth is even if there&#8217;s a downturn, it takes a lot of effort to find fire sale deals.<\/strong> It&#8217;s a bit like drilling for oil: expect to spend time and effort making a whole bunch of holes, before you hit the one sweet spot.<\/p>\n<p>But if you&#8217;re willing to put in the work, here are a few ways to improve your chances of finding a fire sale property:<\/p>\n<h2>Caveat: this is not something you can do &#8220;over a weekend&#8221;<\/h2>\n<figure id=\"attachment_15905\" aria-describedby=\"caption-attachment-15905\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-15905\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/04\/business-advantages-serviced-office.jpg\" alt=\"woman staring at laptop\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/04\/business-advantages-serviced-office.jpg 720w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/04\/business-advantages-serviced-office-600x400.jpg 600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/04\/business-advantages-serviced-office-440x294.jpg 440w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-15905\" class=\"wp-caption-text\">Get ready to do a serious amount of footwork and research, to find a fire sale property<\/figcaption><\/figure>\n<p>Hunting for undervalued, fire sale properties is demanding work. There are investors and analysts out there who effectively do this as a full-time job, spending their entire day making calls and staring at property portals. So while you can use some of these methods and get lucky, please don&#8217;t be under the impression that you can do it this weekend and immediately find an awesome deal.<\/p>\n<p>For those of you who are strapped for time, you&#8217;re really just better off asking a property agent to find you the best deal. But if you&#8217;re the hands-on buyer who&#8217;s okay to go through with this, here&#8217;s how:<\/p>\n<ul>\n<li>Broadcast your intent and readiness<\/li>\n<li>Look for listings that have been around for close to six months<\/li>\n<li>Start your hunt with compact units<\/li>\n<li>Watch for developer ABSD deadlines<\/li>\n<li>As terrible as it sounds, you can jump in during someone else&#8217;s misfortune<\/li>\n<\/ul>\n<h2>Fire Sale Tip #1: Broadcast your intent and readiness<\/h2>\n<p>There are sometimes sellers so desperate to offload the property, they&#8217;re past the point of haggling to get a better price.<\/p>\n<p>A common example of this is sellers who upgraded to a more expensive property, before selling their older unit. If they want to get the Additional Buyers Stamp Duty (ABSD) remission, they only have six months to sell the previous property (although the government has now <a href=\"https:\/\/www.99.co\/singapore\/insider\/absd-remission-extension-married-couples-developers\/\">temporarily increased the timeline to 12 months<\/a>).<\/p>\n<p>At 12% of the purchase price or valuation (whichever is higher), this is a massive amount of money to lose if the upgraders can&#8217;t sell their first property on time. These sellers are often willing sell their old home at a lower price rather than lose the ABSD altogether.<\/p>\n<figure id=\"attachment_26178\" aria-describedby=\"caption-attachment-26178\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-26178\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/05\/buyer-and-seller-agent.jpg\" alt=\"Agent at work\" width=\"600\" height=\"400\"><figcaption id=\"caption-attachment-26178\" class=\"wp-caption-text\">Let agents know you have the cash or loan approval, so they can refer urgent cases to you.<\/figcaption><\/figure>\n<p>Another example are sellers who are facing bankruptcy proceedings, and need to sell their property\u00a0<em>right now<\/em> to avoid it (but for these cases, always consult your conveyancing lawyer first. You don&#8217;t want to end up <a href=\"https:\/\/www.99.co\/singapore\/insider\/selling-your-property-wrong-fix\/\">in situations<\/a> where their creditors come after the property you&#8217;re trying to buy).<\/p>\n<p>What these sellers need is a buyer who can act in time to meet their deadline. If you&#8217;re the first to approach with a concrete offer, they may sell to you even when yours is well below the asking price, just because they need the transaction done urgently.<\/p>\n<p><strong>So, what you can do is to pick a few property agents out there, and let them know that that you want to buy and have ready loan approval or cash on hand. Doing so will let them know who to turn to (i.e. you) if they run into these situations.<\/strong><\/p>\n<p>Most property agents will be readily contactable for this (just search on LinkedIn). However, be prepared to receive a lot of messages in your inbox, you&#8217;ll have to filter through the deluge of offers they may send your way; that means checking the prices of each one, to make sure it&#8217;s truly a fire sale.<\/p>\n<h2>Fire Sale Tip #2: Look for listings that have been around for close to six months<\/h2>\n<p>Why six months?<\/p>\n<p>First, an age old adage of personal finance is to save up six months&#8217; worth of one&#8217;s expenses in cash, in case of emergency. This guideline is widely followed, so a lot of property sellers might have burned through most of their savings, when their listings are about half-a-year old.<\/p>\n<p>Second, as we mentioned above, the deadline for ABSD remission is six months. Sellers rushing to meet that deadline are likely to be more desperate to sell (whatever the loss, it&#8217;s not likely to be worse than 12% of their new property&#8217;s price).<\/p>\n<p><strong>But note that there&#8217;s also a potential risk to you, as there may be good reasons <em>why <\/em>the property hasn&#8217;t been sold for so long.<\/strong> There may be serious maintenance issues, for example, or the neighbours are the devil&#8217;s spawn. So it&#8217;s important to do more detective work than usual for this kind of seemingly &#8216;immovable&#8217; properties.<\/p>\n<h2>Fire Sale Tip #3: Start your hunt with compact units<\/h2>\n<figure id=\"attachment_23608\" aria-describedby=\"caption-attachment-23608\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-23608\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/03\/shoebox-units-singapore-e1551839476443.jpg\" alt=\"shoebox-units-singapore\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/03\/shoebox-units-singapore-e1551839476443.jpg 720w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/03\/shoebox-units-singapore-e1551839476443-150x100.jpg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-23608\" class=\"wp-caption-text\">As much as we dislike stereotypes, shoebox units are often bought by buyers with less holding power.<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><strong>Compact, or shoebox, units are often (but not always) bought by newer investors, who tend to have less holding power.<\/strong> They&#8217;re less likely to have deep pockets compared to, say, investors who can drop $6 million on a penthouse.<\/p>\n<p>The other reason is that sometimes, homeowners buy a compact unit as a first home instead of buying an HDB flat (and we <em>constantly<\/em> caution people against doing this). A while after that, they decide they want to settle down; but the compact unit is too small to raise a family, and they can&#8217;t buy an HDB flat while they&#8217;re holding on to a private property.<\/p>\n<p>These sellers may be in a rush, because under HDB rules they will need to wait 30 months to apply for a BTO\/Sale of Balance flat after disposing of their private property.<\/p>\n<p>So, look out for <a href=\"https:\/\/www.99.co\/singapore\/sale?listing_type=sale&amp;query_coords=1.3039947%2C103.8298507&amp;query_type=city&amp;show_future_mrts=true&amp;zoom=11&amp;radius_max=1000&amp;query_limit=radius&amp;main_category=condo&amp;rooms=0%2C1&amp;property_segments=residential\">studio or one-bedder units around Singapore<\/a>. You can sometimes swoop in and buy a compact unit for a song.<\/p>\n<h2>Fire Sale Tip #4: Watch for developer ABSD deadlines<\/h2>\n<p>When developers buy land, they put down 30% ABSD. If they can complete the development and sell <em>all <\/em>the units within five years, they can get an ABSD remission of 25%.<\/p>\n<p>Given that sums like $500 million are quite typical for a land plot, this is a <em>massive <\/em>tax. Few developers would be happy to lose that much over four or five unsold units. As their deadline nears, you may be able to swoop in and buy up the few remaining balance units at fire sale prices.<\/p>\n<p>Note that this isn&#8217;t always true, as developers who have too many units remaining are not likely to offer discounts. If there are 200 units still unsold and they&#8217;re a month from the deadline, for example, then there&#8217;s no point in giving discounts (they&#8217;re likely to <em>still <\/em>miss the deadline anyway, and will just worsen their later sales).<\/p>\n<p>Developers might also see that it makes more sense to dangle a higher commission for agents to move their units, rather than degrade the own positioning of the property they developed.<\/p>\n<p><strong>Also, scrutinise the units with care. You are getting the <em>last <\/em>picks, which other buyers have avoided for some reason.<\/strong> The leftover units could have a terrible view, be too close to MRT tracks, be next to the bin centre, etc.<\/p>\n<h2>Fire Sale Tip #5: As terrible as it sounds, you can jump in during someone else&#8217;s misfortune<\/h2>\n<figure id=\"attachment_23458\" aria-describedby=\"caption-attachment-23458\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-23458\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/03\/Dispute.jpg\" alt=\"Angry lady scolding someone\" width=\"600\" height=\"400\"><figcaption id=\"caption-attachment-23458\" class=\"wp-caption-text\">Divorce or other legal proceedings can make a quick sale a priority over price<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><em>We neither condone nor condemn this practice, <\/em>and the ethics can be debated till the heat death of the universe.<\/p>\n<p>Some people see this as taking advantage of other people&#8217;s misfortune; others will say they&#8217;re actually helping the people involved, by giving them a quick sale etc. We&#8217;re not going to get into that, we&#8217;re just pointing out that this <em>is <\/em>a method that exists.<\/p>\n<p><strong>Divorce and bankruptcy proceedings, as well as impending jail time or a lawsuit, can result in people needing to quickly sell off their property.<\/strong> When faced with these situations, their priority will be to minimise losses, raise money and get things over with quickly, rather than haggling for a better price. As such, you might want to step in if you have the money to buy <em>right away<\/em>, and offer them a fast deal.<\/p>\n<p>Unless you have the right (or wrong) connections, there&#8217;s no way you can actively search for these situations. (If you <em>do<\/em> have a way, please don&#8217;t tell us&#8211;we&#8217;re afraid of what we might hear).<\/p>\n<h2>Finally, for any of this to work, please remember you need to know the right prices like the back of your hand.<\/h2>\n<p>If you don&#8217;t know the median price of properties in the development, the nature of the neighbourhood, the likely rental yield etc., then none of this matters. It&#8217;s just as likely you&#8217;ll end up on the wrong end of a fire sale a few years down the road, if you&#8217;re not careful.<\/p>\n<p>To buy a fire sale property and not live to regret it, you need to be a property Sherlock Holmes to determine if a property is truly being undervalued, and by how much. You can use the <a href=\"http:\/\/www.99.co\">99.co<\/a> map to track transactions in any area, and partner up with a property agent who can help you in your scavenger hunt.<\/p>\n<p>&nbsp;<\/p>\n<h2>Have any other tips to uncover fire sale properties? Share it with us in the comments section below!<\/h2>\n<p>If you liked this article, 99.co recommends\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/sub-sale-property-sellers-buyers\/\">Sub-sale: What property sellers and buyers need to know<\/a> and\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/property-buyers-forfeit-option-fees\/\">5 reasons why property buyers forfeit their option fees<\/a><\/p>\n<p><em>Looking for a property? Find the home of your dreams today on Singapore\u2019s largest\u00a0<\/em><a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\"><em>property portal 99.co<\/em><\/a><em>! You can also\u00a0<\/em><a href=\"https:\/\/www.99.co\/singapore\/insider\/1500-is-not-a-fixed-income-ceiling-for-rental-flats\/\"><em>access a wide range of tools to calculate your down payments and loan repayments<\/em><\/a><em>, to make an informed purchase.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recession is when you start to see properties go under the hammer, and start getting sold at below market prices. The truth is even if there&#8217;s a downturn, it takes a lot of effort to find fire sale deals. It&#8217;s a bit like drilling for oil: expect to spend time and effort making a&hellip;<\/p>\n","protected":false},"author":65,"featured_media":33516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53593,53589,57131],"tags":[53595,55487,53788,55857,53709,53798],"persona":[],"class_list":{"2":"type-post","16":"entry","17":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Hunt for Fire Sale Properties in a Recession (other than auctions) - 99.co<\/title>\n<meta name=\"description\" content=\"Fire sale properties aren&#039;t easy to find. But if you&#039;re willing to put in the time and work, there are opportunities outside of auctions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Hunt for Fire Sale Properties in a Recession (other than auctions)\" \/>\n<meta property=\"og:description\" content=\"Fire sale properties aren&#039;t easy to find. But if you&#039;re willing to put in the time and work, there are opportunities outside of auctions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-14T12:46:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-13T09:25:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1229\" \/>\n\t<meta property=\"og:image:height\" content=\"717\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ryan Ong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan Ong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\"},\"author\":{\"name\":\"Ryan Ong\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/7e593e645f03edd0ed146a0264f3e53d\"},\"headline\":\"How to Hunt for Fire Sale Properties in a Recession (other than auctions)\",\"datePublished\":\"2020-05-14T12:46:47+00:00\",\"dateModified\":\"2022-06-13T09:25:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\"},\"wordCount\":1694,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg\",\"keywords\":[\"buying property\",\"fire sale\",\"investment\",\"Mortgagee sale\",\"property\",\"recession\"],\"articleSection\":[\"Financial News\",\"Home &amp; Living\",\"Property News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\",\"name\":\"How to Hunt for Fire Sale Properties in a Recession (other than auctions) - 99.co\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg\",\"datePublished\":\"2020-05-14T12:46:47+00:00\",\"dateModified\":\"2022-06-13T09:25:09+00:00\",\"description\":\"Fire sale properties aren't easy to find. But if you're willing to put in the time and work, there are opportunities outside of auctions.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg\",\"width\":1229,\"height\":717,\"caption\":\"find fire sale property recession auctions\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial News\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/financial-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How to Hunt for Fire Sale Properties in a Recession (other than auctions)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"name\":\"\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\",\"name\":\"99.co\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"width\":192,\"height\":72,\"caption\":\"99.co\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/99dotco\/\",\"https:\/\/x.com\/99dotco\",\"http:\/\/instagram.com\/99.co\",\"https:\/\/www.linkedin.com\/company\/3625176\",\"http:\/\/pinterest.com\/99dotco\/\",\"https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/7e593e645f03edd0ed146a0264f3e53d\",\"name\":\"Ryan Ong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fae270c0a9d95ebdc3ecf991a8a4989dd83f0dd82bd2ef5c45dd537445986316?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fae270c0a9d95ebdc3ecf991a8a4989dd83f0dd82bd2ef5c45dd537445986316?s=96&r=g\",\"caption\":\"Ryan Ong\"},\"sameAs\":[\"http:\/\/www.99.co\"],\"url\":\"https:\/\/www.99.co\/singapore\/insider\/author\/ryan99-co\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to Hunt for Fire Sale Properties in a Recession (other than auctions) - 99.co","description":"Fire sale properties aren't easy to find. But if you're willing to put in the time and work, there are opportunities outside of auctions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/","og_locale":"en_US","og_type":"article","og_title":"How to Hunt for Fire Sale Properties in a Recession (other than auctions)","og_description":"Fire sale properties aren't easy to find. But if you're willing to put in the time and work, there are opportunities outside of auctions.","og_url":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/","article_publisher":"https:\/\/www.facebook.com\/99dotco\/","article_published_time":"2020-05-14T12:46:47+00:00","article_modified_time":"2022-06-13T09:25:09+00:00","og_image":[{"width":1229,"height":717,"url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg","type":"image\/jpeg"}],"author":"Ryan Ong","twitter_card":"summary_large_image","twitter_creator":"@99dotco","twitter_site":"@99dotco","twitter_misc":{"Written by":"Ryan Ong","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#article","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/"},"author":{"name":"Ryan Ong","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/7e593e645f03edd0ed146a0264f3e53d"},"headline":"How to Hunt for Fire Sale Properties in a Recession (other than auctions)","datePublished":"2020-05-14T12:46:47+00:00","dateModified":"2022-06-13T09:25:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/"},"wordCount":1694,"commentCount":0,"publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg","keywords":["buying property","fire sale","investment","Mortgagee sale","property","recession"],"articleSection":["Financial News","Home &amp; Living","Property News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/","url":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/","name":"How to Hunt for Fire Sale Properties in a Recession (other than auctions) - 99.co","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg","datePublished":"2020-05-14T12:46:47+00:00","dateModified":"2022-06-13T09:25:09+00:00","description":"Fire sale properties aren't easy to find. But if you're willing to put in the time and work, there are opportunities outside of auctions.","breadcrumb":{"@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#primaryimage","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2020\/05\/find-fire-sale-property-recession-auctions.jpg","width":1229,"height":717,"caption":"find fire sale property recession auctions"},{"@type":"BreadcrumbList","@id":"https:\/\/www.99.co\/singapore\/insider\/how-to-find-fire-sale-properties-recession-auctions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.99.co\/singapore\/insider\/"},{"@type":"ListItem","position":2,"name":"Financial News","item":"https:\/\/www.99.co\/singapore\/insider\/financial-news\/"},{"@type":"ListItem","position":3,"name":"How to Hunt for Fire Sale Properties in a Recession (other than auctions)"}]},{"@type":"WebSite","@id":"https:\/\/www.99.co\/singapore\/insider\/#website","url":"https:\/\/www.99.co\/singapore\/insider\/","name":"","description":"","publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.99.co\/singapore\/insider\/#organization","name":"99.co","url":"https:\/\/www.99.co\/singapore\/insider\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","width":192,"height":72,"caption":"99.co"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/99dotco\/","https:\/\/x.com\/99dotco","http:\/\/instagram.com\/99.co","https:\/\/www.linkedin.com\/company\/3625176","http:\/\/pinterest.com\/99dotco\/","https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA"]},{"@type":"Person","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/7e593e645f03edd0ed146a0264f3e53d","name":"Ryan Ong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fae270c0a9d95ebdc3ecf991a8a4989dd83f0dd82bd2ef5c45dd537445986316?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fae270c0a9d95ebdc3ecf991a8a4989dd83f0dd82bd2ef5c45dd537445986316?s=96&r=g","caption":"Ryan Ong"},"sameAs":["http:\/\/www.99.co"],"url":"https:\/\/www.99.co\/singapore\/insider\/author\/ryan99-co\/"}]}},"modified_by":"Terence Ang","_links":{"self":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/33293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/comments?post=33293"}],"version-history":[{"count":0,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/33293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media\/33516"}],"wp:attachment":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media?parent=33293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/categories?post=33293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/tags?post=33293"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/persona?post=33293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}