Ray White holds auction

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)