Ray White holds auction

JAKARTA (JP): Real estate agency Ray White Indonesia, a subsidiary of Australia's Ray White Real Estate, launched its first property auction at the Sahid Jaya Hotel, the company announced yesterday.

The company said several properties were sold during the auction which drew many prospective buyers. It did not specify the amount of property sold.

Ray White, which started operations recently, specializes in selling property through auctions. The company gathers feedback from the market on the price of the property before the actual auction, so sellers can determine the minimum price. (das)