Only two residential units found buyers out of a total of nine properties at a JLL auction held at Amara Hotel last Thursday. Both freehold apartments comprise four bedrooms and were sold with vacant possession.
JLL revealed the properties sold went for below their asking prices.
One of them is located at The Grange in District 10. Measuring 2,303 sq ft, it changed hands for $4.15 million despite having an asking price of $4.3 million.
Another 1,776 sq ft unit at Twin Regency in Kim Tian Road had a $2.45 million price tag, but was picked up for $2.3 million.
The most expensive listing submitted for sale was a two-storey intermediate terrace house at Goldhill Avenue, valued at $4.95 million.
Although most of the properties on the auction block were residential, there was one factory unit and a shop space submitted for sale but saw no takers.
Six of the properties were put up for mortgagee sales while the rest were owners’ sales.
The next JLL auction will be held on 26 March 2015.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
