SINGAPORE : Yahoo! Auctions is closing its Singapore site with effect from October 6. Yahoo! said it decided to do so after careful consideration.

In June last year, the company shut its auction service in North America.

In response to Channel NewsAsia's query, a spokesman for Yahoo! Southeast Asia said: "In examining where we allocated our resources, we realised we could provide more value to our customers through other properties and decided to close the Yahoo! Singapore Auctions site."

According to Yahoo!, this latest action should not impact Yahoo! worldwide auctions businesses, including its auction websites in Hong Kong and Taiwan.

The last day for Yahoo! Auctions Singapore users to list an item for sale is September 1, while the last day to bid on or buy an item on the site is September 21. - CNA /ls