Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has closed the deal of a property at 14 Lorong Kismis for $1.32 million, or twenty two percent% over the house’s launch figure of $1.1 million at Knight Frank’s 1st home sell-off due to the lockdown, base on release on 23 Oct.
Existing a property area of roughly 3,290 square foot, the two storey semi-detached home provides fifty one yrs remained in its leasehold period of 99 yrs.
“Sitting around an exceptionally desired residential area, 14 Lorong Kismis is found in a terrific community in which everything is accessible, in the bordering neighbourhood. We were also pleasantly shocked by its attraction, as the land was closely taken on and even sealed in at most under 10 minutes,” said Sharon Lee, Head of A&S at Knight Frank Singapore.
The effective event was carried out on 16 Oct 20, with a good turnout of higher than 30 guests. In light of the COVID-19 situation, the event was controlled by having stringent safe control strategies in position via social distancing as well as enforced face mask wearing by every guests.
KF is the first realty public auction house in SG, as well as the first to organize a land auction in the country. From its reserved starts in a boxing ring at Happy World theme park, the organization at this time provides an unwavering placement as a forerunner in residence auctions 80 yrs on.