Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has pushed a property at 14 Lor Kismis for $1.32 mil, or 22% beyond its opening value of $1.1 mil at KF’s premier home sell-off after the circuit breaker, base on launch on 23 October.
For a ground area of around 305.7 square metre, the two floors semi-d home retains 51 years remained in its leasehold term of ninety nine years.
“Found inside an exceptionally sought after house, 14 Lor Kismis is positioned in an ideal zone in which everything is accessible, in the bordering neighbourhood. KF was additionally happily blown away by its popularity, as the semi-detached was strongly rivaled and dealed in exactly less than ten mins,” mentioned Sharon Lee, Head of Auction and Sales at Knight Frank Singapore.
The productive function was carried out on 16 October 20, including a great attendance of more than 30 attendees. In light of the pandemic circumstance, the activity was managed by having rigid secure supervision strategies in place by means of social distancing as well as executed face mask wearing by each of the participants.
KF is the original realty auction firm in Singapore, also the number one to run a premises public auction in the country. Coming out of its simple origins in a boxing ring at Happy World theme park, the firm now boasts a steadfast footing as a pioneer in residential property public auctions eighty yrs on.