Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has sold a residence at 14 Lor Kismis for $1.32 mil, or 22% over the house’s opening cost of $1.1 mil at its 1st residence sell-off since the lockdown, base on notice on 23 October.
Existing an acreage of approximately 305.7 square metre, the two floors semi-detached property holds fifty one years remained in its leasehold possession of 99 years.
“Situated within a very desirable residential area, 14 Lor Kismis is placed in a great neighborhood where everything is within reach, in the surrounding community. We were likewise enjoyably delighted by its demand, as the residential property was passionately battled and enede in exactly under ten minutes,” shares Sharon Lee, Head of A&S at Knight Frank Singapore.
The outstanding affair was conducted on 16 October 2020, by having a great turnout of over 30 visitors. Taking into account the pandemic issue, the event was carried out by having rigorous risk-free control procedures in effect with social distancing including implemented mask wearing by all of the visitors.
KF is the most seasoned property auction sale company in Singapore, also the first to hold a home public auction in the nation. From its humble origins in a fight arena at Happy World theme park, the firm currently boasts a resolute position as a leader in residential property public auctions eighty years on.