Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has reselled a property at 14 Lor Kismis for $1.32 million, or 22% beyond the place’s first cost of $1.1 million at KF’s first land auction sale after the CB, base on release on 23 Oct.
Existing a property area of approx 305.7 square metre, the 2-storey semi-detached residential property enjoys fifty one years left in its leasehold occupancy of ninety nine yrs.
“Located inside a very desired property area, 14 Lorong Kismis is found in a fabulous place where everything is handy, in the surrounding neighbourhood. We were at the same time pleasantly amazed by its attractiveness, as the premises was strongly battled and settled in at most below ten minutes,” reveals Sharon Lee, Chief of A&S at Knight Frank Singapore.
The rewarding activity was conducted on 16 Oct 2020, including a vibrant turnout of around 30 visitors. Due to the COVID-19 issue, the affair was carried on by having rigorous protected supervision procedures in position by means of public distancing together with applied face mask wearing by all guests.
Knight Frank is the original real estate auction sale firm in SG, and the first-ever to hold a residence auction sale in the country. Starting with its humble origins in a fight arena at Happy World theme park, the business currently provides a steadfast reputation as a chief in home public auctions eighty yrs on.