Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has pushed a property at 14 Lorong Kismis for $1.32 million, or 22% exceeding the house’s starting amount of $1.1 mil at KF’s initial land sell-off due to the circuit breaker, base on release on 23 Oct.
At an acreage of about 3,290 sq ft, the 2 floors semi-detached residence holds fifty one yrs left in its leasehold term of 99 years.
“Placed inside a very coveted suburb, 14 Lor Kismis is found in a wonderful neighborhood where everything is accessible, in the circling vicinity. KF was furthermore happily delighted by its interest, as the semi-detached was closely contested and K.O. in only under ten minutes,” reveals Sharon Lee, Head of Auction and Sales at Knight Frank Singapore.
The impressive activity was hosted on 16 October 2020, including a balanced audience of beyond 30 attendees. Because of the COVID-19 circumstance, the affair was managed utilizing rigid protected supervision procedures engaged through public distancing together with implemented mask wearing by all guests.
Knight Frank is the original realty auction company in Singapore, and the first to hold a premises public auction in the country. Coming out of its reserved beginnings in a boxing ring at Happy World amusement park, the organization currently possesses an unwavering placement as a forerunner in home public auctions 80 years on.