Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has offered a residential property at 14 Lor Kismis for $1.32 mil, or twenty two percent% beyond its opening price of $1.1 million at KF’s premier property public auction due to the lockdown, base on launch on 23 Oct.
Existing an acreage of about 3,290 square foot, the 2 level semi-detached residence offers 51 years left in its leasehold possession of 99 years.
“Placed around a highly coveted property area, 14 Lor Kismis is settled in a wonderful community exactly where everything is available, in the circling community. KF was furthermore pleasantly shocked by its craze, as the semi-detached was fiercely taken on and settled in merely under 10 mins,” said Sharon Lee, Head of A&S at Knight Frank Singapore.
The effective function was hosted on 16 Oct 2020, with a well audience of higher than thirty guests. Because of the COVID-19 circumstance, the function was handled with rigid secure supervision strategies in effect through community distancing and also imposed face mask wearing by each of the guests.
KF is the most seasoned realty auction sale house in Singapore, and also the first-ever to organize a premises auction sale in the country. Coming out of its modest beginnings in a fight arena at Happy World amusement park, the business currently provides a resolute placement as a leader in residence auction sales 80 yrs on.