Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has offered a land at 14 Lorong Kismis for $1.32 mil, or twenty two percent% exceeding the place’s starting rate of $1.1 million at Knight Frank’s initial property auction due to the CB, base on news on 23 October.
At a land area of approximately 305.7 sqm, the two floors semi-d property provides fifty one years remained in its leasehold ownership of ninety nine yrs.
“Placed among a highly desirable residential area, 14 Lorong Kismis is placed in a great area in which everything is convenient, in the surrounding community. KF was furthermore enjoyably stunned by its attraction, as the semi-detached was closely contested and even closed in at most below ten minutes,” reveals Sharon Lee, Head of Auction and Sales at KF SG.
The beneficial function was held on 16 Oct 20, by having a great turnout of over 30 potentials. In light of the COVID-19 issue, the event was facilitated by having compelling secure control precautions in effect by means of public distancing along with executed face mask wearing by all of the participants.
KF is the most seasoned realty auction sale firm in Singapore, and also the first-ever to organize a land auction in the country. Coming out of its humble starts in a boxing ring at Happy World theme park, the organization now flaunts a firm position as a leader in property auctions 80 yrs on.