Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has offered a premises at 14 Lorong Kismis for $1.32 million, or twenty two percent% beyond the house’s initial sales price of $1.1 million at Knight Frank’s initial land public auction due to the circuit breaker, base on launch on 23 Oct.
For an acreage of approximately 305.7 sqm, the 2 level semi-d house carries 51 yrs left in its leasehold period of 99 years.
“Found inside a strongly desirable suburb, 14 Lor Kismis is positioned in an excellent neighborhood exactly where everything is within reach, in the nearing by community. We were at the same time enjoyably startled by its attractiveness, as the residential property was hotly battled and dealed in at most less than 10 minutes,” said Sharon Lee, Head of A&S at Knight Frank Singapore.
The outstanding event was hosted on 16 Oct 20, with a well number of more than 30 clients. In light of the pandemic circumstance, the activity was performed using compelling risk-free management procedures engaged by means of community distancing together with executed face mask wearing by all of the attendees.
Knight Frank is the most seasoned property auction company in SG, as well as the first to conduct a residential property auction in the country. Starting with its simple starts in a fight arena at Happy World theme park, the business now possesses a resolute placement as a pioneer in land public auctions eighty years on.