Skip Ribbon Commands
Skip to main content

News Release

Singapore

Auction sales starts the year on a strong note

1Q17 sales of SGD15.2 million, 37 per cent increase Y-O-Y


​​

Auction sales starts the year on a strong note
1Q17 sales of SGD15.2 million, 37 per cent increase Y-O-Y


Singapore, April 3, 2017 – 2017 has started off well for the auction houses, with a total sales value of SGD 15.23 million being hammered thus far. This is a 36.8 per cent Y-O-Y increase from 1Q16’s SGD 9.62 million.

The results of the other auctioned units are as follows:

1Q17 Auction Results
Unit Property Type Auctioned Amount Seller Profile
1 159A Eng Kong Garden Residential (landed) $3,950,000 Mortgagee
2 37A Jalan Daud Residential (landed) $3,200,000 Owner
3 3 Jalan Tekukor (1/3 share) Residential (landed) $1,450,000 Sheriff
4 12 Jalan Dinding Residential (landed) $2,600,000 Estate
5 Caribbean at Keppel Bay, #01-117 Residential $1,800,000 Mortgagee
6 NOMU, #09-01 Residential $1,080,000 Trustee
7 Enterprise One, #02-45 Industrial $1,000,000 Mortgagee
8 Woodlands East Industrial, #04-24 Industrial $145,000 Mortgagee

Of the above eight properties auctioned off, five were sold when they made their debut during their first auction. These units were 37A Jalan Daud, 12 Jalan Dinding, NOMU #09-01, Enterprise One #02-45, and Woodlands East Industrial #04-24.

Mok Sze Sze, Head of Auctions at JLL Singapore, commented: “It has been a good start in the auction scene and we are seeing more buyers willing to commit to a purchase. Some units such as Seascape at Sentosa Cove #07-01, Kovan Residences #18-06 & 1D Jalan Singa were also taken up quite quickly after being presented at its first auction in Jan 2017.”​

Property Amount
1 Seascape at Sentosa Cove, #07-01 $6,200,000
2 Kovan Residences, #18-06 $2,400,000
3 1D Jalan Singa $1,850,000

- ends -


About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit http://www.jll.com/.

JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 offices in 16 countries across the region. The firm won the ‘World’s Best’ and ‘Best in Asia Pacific’ International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics.  www.ap.jll.com.​