Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has closed the deal of a home at 14 Lor Kismis for $1.32 million, or 22% beyond the house’s first quote of $1.1 mil at its premier premises auction sale since the lockdown, according to publicity on 23 October.
Existing a land area of roughly 305.7 sqm, the two storey semi-d house features fifty one years remained in its leasehold term of 99 yrs.
“Placed within an extremely coveted house, 14 Lorong Kismis is settled in a fantastic area in which everything is handy, in the surrounding vicinity. We were also enjoyably surprised by its attraction, as the property was passionately opposed and even dealed in at most below ten mins,” said Sharon Lee, Chief of A&S at Knight Frank Singapore.
The fulfilling function was held on 16 October 20, along with a great crowd of well over 30 attendees. Because of the COVID-19 situation, the affair was performed utilizing strict protected control strategies in position thru public distancing as well as imposed face mask wearing by all guests.
Knight Frank is the original realty auction house in SG, as well as the first to conduct a premises auction in the country. From its modest origins in a fight arena at Happy World theme park, the agency today possesses a steadfast reputation as a forerunner in premises auctions eighty yrs on.