Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has pushed a residential property at 14 Lorong Kismis for $1.32 million, or twenty two percent% more than the place’s starting sales price of $1.1 million at Knight Frank’s primary premises auction since the lockdown, base on notice on 23 Oct.
With an acreage of close to 3,290 square foot, the two level semi-d house enjoys fifty one yrs remained in its leasehold period of 99 years.
“Placed among a greatly desirable house, 14 Lorong Kismis is situated in a great zone just where everything is within reach, in the nearing by community. KF was also pleasantly shocked by its reputation, as the land was fiercely battled and even enede in at most less than 10 minutes,” reveals Sharon Lee, Head of A&S at Knight Frank Singapore.
The fulfilling activity was run on 16 Oct 2020, by having a well audience of well over thirty attendees. Due to the COVID-19 problem, the function was administered by having strict protected operations procedures in place thru community distancing and also imposed mask wearing by all of the participants.
Knight Frank is the first real estate public auction house in Singapore, also the first to run a premises public auction in the nation. Out of its humble beginnings in a boxing ring at Happy World amusement park, the service provider at this time boasts a resolute reputation as a pioneer in home public auctions eighty yrs on.