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Properties worth $47.2 mil sold via auction in 4Q2016

By Michael Lim

/ JLL |

December 16, 2016 9:49 AM SGT

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More than $47 million worth of properties were sold at auctions in 4Q2016, accounting for more than half of the total sales of $92 million for the year, according to the latest auction report by JLL Singapore. Despite the strong 4Q sales numbers, the full-year sales of $92 million is still 10% below 2015’s total sale of $102.3 million.

The $47.2 million achieved is more than four times 4Q2015’s sales of $10.8 million, and more than double the $20.5 million sales chalked up during 3Q2016.

According to JLL, the high sales value was a result of the $15.2 million sale of three vacant plots in the prime Swiss Club estate as well as a landed property at 4 Jalan Bahasa for $12.3 million via liquidator’s sale. The sales of these four sites were handled by JLL.

Other large quantum deals sold at auctions include the sale of a unit at Seascape in Sentosa Cove for $6.35 million and a house on Daffodil Drive for $4.35 million.

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