Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has offered a residence at 14 Lor Kismis for $1.32 million, or twenty two percent% beyond the house’s initial quote of $1.1 million at KF’s first land sell-off since the lockdown, as stated in publicity on 23 October.
For a land area of close to 305.7 sqm, the two floors semi-detached house features fifty one yrs left in its leasehold tenure of ninety nine yrs.
“Placed inside a greatly desired suburb, 14 Lor Kismis is found in a perfect area in which everything is within reach, in the nearing by area. KF was additionally happily amazed by its attractiveness, as the home was strongly rivaled and even sealed in just under ten mins,” mentioned Sharon Lee, Head of A&S at Knight Frank Singapore.
The outstanding activity was hosted on 16 October 2020, by having a well turnout of around thirty visitors. Because of the pandemic issue, the occasion was held by having rigid risk-free supervision strategies available thru public distancing including executed face mask wearing by all of the attendees.
KF is the most seasoned real estate auction sale company in Singapore, also the number one to host a residential property auction sale in the nation. Coming out of its reserved beginnings in a fight arena at Happy World amusement park, the business now boasts an unwavering status as a leader in property public auctions 80 years on.