The auction was open to first-time property owners only.

All 150 plots were sold for a total of N$21 072 000 with one cancellation of purchase after the event.

The average selling price was N$140 480, which amounts to N$183 per square metre.

The plot with the lowest upset price of N$41 510 sold for N$100 000.

The highest bid was called at N$215 000.

The plots, ranging between 593 and 1 234 square metres, are situated in Extension 9 of Swakopmund, next to the road to Henties Bay.

In December, 80 more plots in this area will come under the hammer at an open auction.

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