Fast & Furious: Singapore Home Sold in 8 Minutes
In a city where decision‑making usually reads like a marathon, a Singaporean family sprinted to clinch their new house, finishing in a lightning‑fast eight minutes.
About the Deal
- Location: 69 Toh Tuck Road
- Price: $3.4 million
- Auction type: ERA Singapore’s first virtual property auction (Sept 28)
- Bidding started at: $3 million
- How many bids? 15 before the final click
Key House Features
- 6 bedrooms + 4 ensuite bathrooms
- Two‑storey plus a half‑storey—enough space for a movie‑night tournament
- 3,340 sq ft of land (plenty of lawn for lawn‑golf setups)
- Just five minutes to Beauty World MRT
- Surrounded by schools, parks, and the essential “playground” of life
Not All Is Sparkly
The property is freehold—so you’re the owner, but it’s in a state that would make even a seasoned DIYer wish for a time machine. You’ll need additions, alterations, or a full rebuild to bring it up to the “family‑friendly” standard.
Mortgagee Sale & Singapore’s Pandemic Rules
Placed on the market by a local bank after the previous owner missed loan repayments (a classic mortgagee sale), the house was auctioned online under Phase 2 restrictions, which keep physical auctions out of the picture.
Numbers That Matter
- Neighbour’s house sold for $4.1 million last July.
- Registration for this auction doubled compared to past physical auctions.
CEO’s Take
Jack Chua, CEO of ERA Singapore, said: “It’s a promising start to the auction community. We’re bringing agents, buyers, and industry pros together— all in the same digital living room.”
He also hinted at future innovative initiatives that could make the real‑estate market feel less cold and more like a community party.
