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Overall auction sales value rebounded in 3Q2015: JLL

By Tan Chee Yuen

/ JLL, The Edge Property |

September 29, 2015 3:51 PM SGT

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Overall auction sales value nearly tripled in 3Q2015 to $27.63 million from $9.99 million in 2Q2015. This was on the back of an increase in volume to 10 sales closed in 3Q2015 from only five in the previous quarter.

Residential sales almost doubled in 3Q2015 to $13.62 million from $6.83 million in the previous quarter as volume increased from five to seven. One of the deals included the sale of a 4-bedroom apartment at The Imperial on 5 Jalan Rumbia by JLL in July at $3.44 million, which was 11% above the opening price of $3.10 million.

Separately, there were two commercial property transactions with total sales value of $12.8 million in 3Q2015. These include a refurbished two-storey shophouse at 362 & 362A Tanjong Katong Road sold at $6.35 million, and two adjoining shop units at 1 & 1B Figaro Street sold for $6.45 million.

Ms Mok Sze Sze, Head of Auction and Sales at JLL, said: “Overall, the attendance at auctions has been encouraging, with most experiencing a full house. All of the 10 sales in the last quarter have been successfully sold at first appearance, which is indeed a positive result.”

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