http://www.btinvest.com.sg/markets/n...ml?source=btbn
Eight in 10 properties auctioned in 2013 and this year sold on first appearance, says JLL
25 Sep 2014 18:03
OF THE 44 properties sold through auctions last year and this year, 80 per cent were successfully hammered upon their first appearance, JLL said on Thursday.
These include the two largest auction transactions so far this year. One transaction comprised four strata office units in Orchard Shopping Centre, which fetched S$8.55 million in March; the other was a freehold residential development site in Brighton Crescent which sold for S$9.1 million on Wednesday at an auction conducted by Colliers International.
WOW.
If so good ,we should all use auction and not use agent to transact property.
This is an example of slanted reporting.
If anyone been to any property auction lately ,you will realise that less than 20% actually gets hammered down.
Its this 20% of successful hammered down out of which that is 80% of the first appearance that gets sold.
Am I correct ?