Archive for December, 2006

Hong Kong land auction sets record

Tuesday, December 19th, 2006

A 7,353 square meter luxury residential site at the Peak in Hong Kong fetched 1.8 billion HK dollars (231 million U.S. dollars) during a public land auction in Hong Kong on Tuesday, setting a new record price per square foot for land in the city.
The final price for the 79,148 square foot site is equivalent [...]

Beach Condominium Sells in J.P. King Auction for $1,017,500

Tuesday, December 19th, 2006

Press Release
A custom-built two-story beachfront condominium in Orange Beach sold for $1,017,500 Saturday, Dec. 16, with J.P. King Auction Company managing the sale.
More than 35 people – including six registered bidders – gathered at the Perdido Beach resort for the auction, listening to live music and enjoying hors d’ oeuvres as the auction hour approached.
Purchasing [...]

Dubai auction raises $68 million

Monday, December 11th, 2006

Mazad, the auction house of Dubai Properties, raised over Dh250 million ($68 million) within the first hour for 11 select DP lots during its third public sale, which took place on the last day of Cityscape 2006.
The auction was attended by 200 investors from the UAE and across the region.
Dubai Properties sold exclusive residential and [...]

Pattaya Condominium Auction

Sunday, December 10th, 2006

“New 17th December Auction Sale At “Royal Cliff” Hotel.
Generally the sale of prestigious real estate properties by auction is not common in Pattaya, which is rather surprising, considering the success of such events, which are always of great benefit to both the buyers and the sellers. ”

Cornish mine risk house auctioned for ÂŁ32k

Thursday, December 7th, 2006

A house put up for auction for £1,000 because of “serious mining issues” nearby, has been sold for £32,000.
West Country Property Auctions said buyers had to consider the house in a disused mining area in Redruth, Cornwall could collapse at anytime.
Four years ago a couple abandoned their home when a 200ft (61m) mine shaft opened [...]

Hamptons Tampa property auction to include online bidding

Saturday, December 2nd, 2006

J.P. King Auction Co.’s plan to sell 100 Hamptons condo units Dec. 9 at the Grand Hyatt Tampa Bay hotel is going one step further with online bidding.
The company will accept bids using the Online Ringman 5.1 software system developed by Tampa-based Auction Management Solutions.
“This was a natural auction on which to roll out the [...]