Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has closed the deal of a home at 14 Lor Kismis for $1.32 million, or 22% over its introduction cost of $1.1 mil at Knight Frank’s 1st residential property auction after the CB, as stated in notice on 23 Oct.
For an acreage of close to 305.7 sqm, the 2 level semi-detached property contains fifty one years left in its leasehold possession of ninety nine yrs.
“Found among a greatly desired suburb, 14 Lorong Kismis is found in an ideal community in which everything is available, in the surrounding community. KF was equally happily dazzled by its attractiveness, as the home was strongly battled and even enede in just under ten mins,” shares Sharon Lee, Chief of A&S at KF SG.
The impressive affair was conducted on 16 Oct 2020, along with a vibrant crowd of well over 30 clients. Due to the pandemic condition, the function was administered utilizing stringent safe operations procedures engaged via social distancing and imposed face mask wearing by all of the visitors.
Knight Frank is the most seasoned realty auction sale company in SG, and also the first to run a residential property auction in the country. From its reserved beginnings in a fight arena at Happy World theme park, the firm currently flaunts a resolute status as a forerunner in residence auctions eighty years on.