Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has sold a residential property at 14 Lor Kismis for $1.32 mil, or 22% above the place’s starting sales price of $1.1 million at its 1st premises auction since the lockdown, base on launch on 23 October.
Existing an acreage of around 305.7 sqm, the 2 level semi-d home holds 51 years remained in its leasehold tenure of ninety nine yrs.
“Sitting inside an extremely desirable suburb, 14 Lor Kismis is situated in a wonderful neighborhood exactly where everything is accessible, in the nearing by neighbourhood. We were at the same time enjoyably delighted by its attractiveness, as the property was hotly rivaled and sealed in just less than ten minutes,” shares Sharon Lee, Director of A&S at Knight Frank Singapore.
The outstanding function was carried out on 16 October 2020, by having a healthy turnout of over thirty clients. Taking into account the pandemic situation, the event was facilitated with stringent secure management strategies engaged with the help of social distancing along with enforced mask wearing by each of the guests.
KF is the oldest real estate auction company in SG, and the first-ever to conduct a premises auction sale in the nation. Coming out of its modest beginnings in a fight arena at Happy World theme park, the service provider now possesses a resolute footing as a forerunner in property public auctions eighty yrs on.