Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has sold a semi-detached house at 14 Lor Kismis for $1.32 million, or twenty two percent% beyond the place’s initial amount of $1.1 mil at its initial residential property public auction due to the lockdown, according to news on 23 Oct.
With an acreage of approximately 3,290 sq ft, the two storey semi-detached house owns fifty one years remained in its leasehold period of ninety nine years.
“Found inside a strongly coveted suburb, 14 Lor Kismis is located in a wonderful location where everything is available, in the nearing by vicinity. We were also enjoyably blown away by its attractiveness, as the home was passionately taken on and enede in merely below ten minutes,” said Sharon Lee, Director of Auction and Sales at Knight Frank Singapore.
The successful affair was held on 16 Oct 2020, including a balanced attendance of beyond thirty clients. Because of the COVID-19 problem, the activity was administered using rigid risk-free supervision strategies available via community distancing as well as executed face mask wearing by every participants.
KF is the oldest realty auction sale firm in Singapore, and the first to organize a premises auction sale in the nation. Coming out of its modest beginnings in a fight arena at Happy World theme park, the company now possesses an unwavering position as a pioneer in premises public auctions 80 yrs on.