Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has reselled a premises at 14 Lorong Kismis for $1.32 mil, or 22% more than the place’s introduction sales price of $1.1 mil at Knight Frank’s first land sell-off after the CB, base on notice on 23 October.
At an acreage of about 305.7 sqm, the two level semi-detached residence retains fifty one years left in its leasehold tenure of 99 years.
“Situated inside an exceptionally coveted property area, 14 Lorong Kismis is positioned in an excellent neighborhood just where everything is within reach, in the circling community. We were furthermore happily shocked by its attractiveness, as the property was fiercely contested and even settled in only less than 10 mins,” shares Sharon Lee, Head of Auction and Sales at KF SG.
The beneficial activity was run on 16 October 2020, by having a balanced attendance of beyond 30 potentials. Because of the pandemic situation, the activity was conducted using compelling risk-free administration measures in position through public distancing together with imposed face mask wearing by all of the guests.
KF is the first realty auction company in Singapore, also the first-ever to hold a residential property auction sale in the nation. Coming out of its reserved beginnings in a boxing ring at Happy World amusement park, the organization now flaunts an unwavering placement as a leader in home auction sales 80 years on.