Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has sold a semi-detached house at 14 Lor Kismis for $1.32 mil, or twenty two percent% exceeding the house’s initial value of $1.1 mil at KF’s initial semi-detached house auction sale since the lockdown, according to publicity on 23 Oct.
Existing a land area of close to 3,290 sq ft, the 2-storey semi-detached home offers 51 years remained in its leasehold ownership of 99 yrs.
“Placed within an exceptionally coveted property area, 14 Lorong Kismis is positioned in a perfect area in which everything is within reach, in the surrounding area. Knight Frank was likewise pleasantly overwhelmed by its interest, as the home was hotly opposed and enede in exactly within 10 mins,” said Sharon Lee, Director of Auction and Sales at Knight Frank Singapore.
The fruitful event was held on 16 October 2020, by having a balanced audience of more than 30 visitors. In light of the pandemic situation, the activity was carried on utilizing strict secure operations strategies available via social distancing together with implemented face mask wearing by all of the attendees.
KF is the oldest real estate auction sale house in SG, also the number one to hold a residential property public auction in the nation. Coming out of its modest beginnings in a fight arena at Happy World amusement park, the service provider currently owns a firm status as a pioneer in home auctions 80 years on.