Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has pushed a residence at 14 Lorong Kismis for $1.32 mil, or 22% exceeding its starting quote of $1.1 million at Knight Frank’s first semi-detached house public auction due to the lockdown, as stated in news on 23 October.
With a ground area of around 305.7 square metre, the two floors semi-detached home provides 51 yrs remained in its leasehold period of ninety nine years.
“Located among a strongly sought after residential area, 14 Lorong Kismis is located in a great spot where everything is handy, in the surrounding community. Knight Frank was furthermore happily startled by its recognition, as the residence was hotly contested and sealed in only below ten mins,” mentioned Sharon Lee, Chief of A&S at Knight Frank Singapore.
The successful event was conducted on 16 Oct 2020, with a healthy turnout of beyond 30 people. Because of the COVID-19 scenario, the event was controlled utilizing rigorous secure operations measures in effect by means of community distancing as well as imposed mask wearing by each of the visitors.
KF is the original realty auction sale firm in SG, as well as the first to organize a residence public auction in the country. Starting with its modest starts in a boxing ring at Happy World amusement park, the organization now owns a firm status as a forerunner in property auction sales eighty yrs on.