Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has reselled a residence at 14 Lorong Kismis for $1.32 million, or twenty two percent% more than the house’s opening sales price of $1.1 mil at its premier residential property auction after the CB, as stated in publicity on 23 October.
Existing an acreage of approx 305.7 sqm, the 2-storey semi-detached residential property owns fifty one years remained in its leasehold tenure of ninety nine yrs.
“Situated inside a highly desirable property area, 14 Lor Kismis is positioned in a fabulous location in which everything is handy, in the nearing by community. We were equally pleasantly stunned by its attractiveness, as the residential property was hotly taken on and even enede in merely below 10 minutes,” said Sharon Lee, Director of Auction and Sales at KF SG.
The effective event was carried out on 16 Oct 20, alongside a great audience of well over 30 potentials. In light of the pandemic problem, the occasion was carried on by having strict secure control strategies in position using social distancing including enforced face mask wearing by all visitors.
Knight Frank is the most seasoned realty public auction company in Singapore, as well as the first to conduct a residence auction sale in the nation. Coming out of its reserved starts in a fight arena at Happy World theme park, the agency today provides an unwavering status as a forerunner in property auction sales eighty yrs on.