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% greater than its starting sales price of $1.1 million at its first semi-detached house public auction after the circuit breaker, base on publicity on 23 Oct.
At an acreage of around 3,290 square foot, the 2 level semi-detached residential property contains fifty one yrs left in its leasehold tenure of ninety nine yrs.
“Located among a strongly desirable suburb, 14 Lor Kismis is found in a wonderful community just where everything is handy, in the surrounding vicinity. KF was additionally enjoyably blown away by its attractiveness, as the land was closely rivaled and even sealed in just under ten minutes,” announced Sharon Lee, Director of A&S at KF SG.
The effective function was hosted on 16 October 20, by having a healthy attendance of beyond 30 visitors. Due to the pandemic problem, the activity was administered utilizing rigorous secure supervision actions in position with community distancing together with enforced face mask wearing by every guests.
Knight Frank is the original property auction company in Singapore, and also the number one to organize a residence public auction in the country. Starting with its modest origins in a fight arena at Happy World theme park, the business currently boasts a firm reputation as a leader in property auction sales eighty yrs on.