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 million, or 22% above the house’s starting quote of $1.1 million at its 1st semi-detached house auction since the lockdown, according to notice on 23 October.
At a territory area of approximately 3,290 square foot, the 2-storey semi-d house holds fifty one yrs remained in its leasehold term of 99 yrs.
“Situated inside an extremely desirable house, 14 Lor Kismis is situated in a fabulous place exactly where everything is handy, in the surrounding vicinity. KF was also happily surprised by its attractiveness, as the home was passionately contended and even enede in simply less than ten minutes,” announced Sharon Lee, Head of A&S at Knight Frank Singapore.
The successful affair was hosted on 16 October 2020, along with a balanced attendance of well over thirty people. In light of the COVID-19 circumstance, the function was organized by having stringent safe administration precautions in effect through community distancing along with executed mask wearing by all of the attendees.
KF is the oldest realty auction firm in SG, as well as the number one to hold a premises auction sale in the nation. Starting with its modest beginnings in a boxing ring at Happy World theme park, the firm currently possesses an unwavering footing as a chief in residence auctions 80 yrs on.