Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has closed the deal of a residential property at 14 Lor Kismis for $1.32 mil, or twenty two percent% exceeding its first quote of $1.1 mil at its premier land sell-off due to the CB, base on release on 23 October.
Existing an acreage of about 3,290 sq ft, the 2 floors semi-d residence carries fifty one yrs left in its leasehold tenure of 99 yrs.
“Sitting within a very desirable house, 14 Lorong Kismis is positioned in a wonderful zone just where everything is handy, in the circling neighbourhood. We were additionally pleasantly amazed by its demand, as the land was strongly rivaled and even dealed in just within 10 mins,” mentioned Sharon Lee, Director of Auction and Sales at KF SG.
The beneficial event was conducted on 16 Oct 2020, by having a good audience of beyond 30 people. Due to the COVID-19 situation, the affair was held utilizing stringent secure supervision strategies in place thru community distancing including enforced mask wearing by each of the participants.
KF is the oldest property auction sale company in SG, also the first-ever to run a residential property auction in the nation. From its humble origins in a boxing ring at Happy World theme park, the agency currently flaunts an unwavering position as a chief in residential property auctions eighty yrs on.