Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has reselled a residence at 14 Lor Kismis for $1.32 mil, or 22% more than its first sales price of $1.1 million at Knight Frank’s 1st residential property public auction since the lockdown, as stated in launch on 23 October.
With a land area of about 305.7 square metre, the two level semi-d house holds fifty one years remained in its leasehold possession of ninety nine years.
“Sitting around a particularly coveted suburb, 14 Lor Kismis is located in a fantastic spot exactly where everything is handy, in the surrounding vicinity. Knight Frank was additionally happily delighted by its demand, as the residential property was hotly rivaled and sealed in exactly less than 10 minutes,” announced Sharon Lee, Head of A&S at Knight Frank Singapore.
The outstanding affair was held on 16 Oct 20, including a vibrant number of well over thirty people. Taking into account the COVID-19 circumstance, the affair was conducted by having compelling safe supervision measures in place with the help of public distancing together with enforced mask wearing by every participants.
KF is the most seasoned property auction sale firm in SG, and also the number one to organize a land auction in the nation. From its humble starts in a boxing ring at Happy World amusement park, the firm currently possesses a firm reputation as a chief in residence public auctions 80 yrs on.