Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has offered a semi-detached house at 14 Lorong Kismis for $1.32 million, or twenty two percent% greater than its introduction cost of $1.1 mil at KF’s initial property auction after the lockdown, as stated in release on 23 Oct.
Existing a property area of around 3,290 sq ft, the two storey semi-detached residence enjoys 51 years remained in its leasehold possession of 99 years.
“Found inside an extremely sought after suburb, 14 Lorong Kismis is placed in an excellent spot just where everything is available, in the surrounding neighbourhood. KF was also happily blown away by its recognition, as the home was fiercely contested and dealed in only under ten minutes,” said Sharon Lee, Head of A&S at KF SG.
The successful event was carried out on 16 Oct 20, along with a balanced crowd of more than thirty visitors. Due to the pandemic problem, the event was administered utilizing rigorous protected administration procedures engaged through public distancing including imposed mask wearing by each of the visitors.
KF is the first real estate auction sale firm in Singapore, as well as the number one to run a residence auction sale in the country. Coming out of its modest beginnings in a boxing ring at Happy World amusement park, the company presently owns a steadfast status as a chief in property public auctions 80 yrs on.