TGOS Says Auction of Completed Apartments Ended Without a Bidder
Sahmino Newsroom | 5 November 2026 | 7 days ago
Tos Gostar Urban Development Investment, traded as TGOS, said in a Group B Codal filing published on Wednesday, 4 November 2026 (13 Aban 1405), that an auction for a number of ready-to-deliver apartments in a residential tower did not succeed. The reason recorded on the form is that no prospective bidder took part. The company did not give the number of flats or the combined reserve price in this disclosure.
The proposed sale allowed cash and instalments, with at least 60% of the offered price to be paid in cash and the remainder in monthly instalments for up to 12 months, subject to a 34% adjustment. The company dated its determination that the auction failed to 13 Aban. An unsuccessful auction is neither a sale of the apartments nor booked revenue from them.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, TGOS rose 8.3 percent, to 8,400 rial.
Over the same days, US Dollar fell 1.1 percent, to 2,640,700 rial.
Over the same days, Tehran Stock Exchange Index rose 6.5 percent, to 8,427,304.
Over the same days, Brent Crude fell 6.5 percent, to 92.00 dollars.
- TGOS
- +8.3%
- US Dollar
- −1.1%
- Tehran Stock Exchange Index
- +6.5%
- Brent Crude
- −6.5%
Prices to the close of 11 November
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