Mar 30, 2016
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A ramp-up factory unit at Woodlands Industrial Park has been sold via auction for S$820,000, a JLL report on auctions revealed.

The factory unit, which measures 3,821 sq ft and has less than 40 years left on the lease, was purchased under vacant possession.

A total of eight properties were submitted for sale at a JLL auction held last Thursday (24 March). Six of the properties that went under the hammer were residential units, and the other two were warehouse and factory spaces.

The most expensive property on the list was a two-bedroom luxury apartment at Orchard Residences, which was put up for mortgagee sale at $6 million.

Meanwile, according to a recent DTZ report, new auction listings for mortgagee sales soared 85 percent to 87 units in 2015, from 47 units in the previous year.

Image source: JLL

 

This story was originally written by Romesh Navaratnarajah, Senior Editor at PropertyGuru, and was edited by Nikki De Guzman, Editor at CommercialGuru. To contact her about this or other stories email nikki@propertyguru.com.sg.

 

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