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Semi-detached unit sees fierce bidding in year's first property auction

House eventually sold at $490,000 above its guide price. This auction had more bank-sale properties than usual

Published Thu, Jan 21, 2021 · 05:50 AM
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Singapore

A SEMI-DETACHED house in the Siglap area attracted an unusually high number of bids - 33 - at the year's first public property auction on Wednesday, an event that also stood out for its high number of mortgagee listings.

The five-bedroom, 21/2-storey house along Aida Street in District 15 had a guide price of S$3.4 million.

Bidding opened at S$3.25 million, with the proceedings pushing the price up until the bank-sale property was sold for S$3.89 million.

The previous transaction for the house, which has land area of 2,896 sq ft and built-up area of 3,872…

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Edmund Tie

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