Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has offered a residential property at 14 Lor Kismis for $1.32 mil, or twenty two percent% greater than the house’s initial quote of $1.1 million at KF’s primary property sell-off since the lockdown, base on publicity on 23 October.
Existing a land area of about 305.7 sqm, the two level semi-d residential property features 51 yrs left in its leasehold possession of 99 years.
“Located among a strongly desirable residential area, 14 Lor Kismis is found in a perfect area just where everything is accessible, in the nearing by vicinity. We were additionally happily stunned by its craze, as the land was strongly opposed and closed in at most below ten mins,” announced Sharon Lee, Chief of A&S at Knight Frank Singapore.
The productive affair was held on 16 October 20, by having a strong crowd of over thirty potentials. Because of the pandemic circumstance, the occasion was controlled using compelling secure supervision strategies engaged via public distancing and also executed mask wearing by every participants.
Knight Frank is the original property auction sale house in SG, and the first to hold a property auction in the country. Out of its modest origins in a boxing ring at Happy World theme park, the service provider now boasts a firm footing as a leader in property auctions 80 yrs on.