Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has pushed a semi-detached house at 14 Lorong Kismis for $1.32 million, or twenty two percent% more than the house’s first value of $1.1 million at its first premises public auction since the CB, according to launch on 23 October.
At an acreage of roughly 3,290 square foot, the two level semi-detached home contains fifty one yrs left in its leasehold ownership of 99 years.
“Situated around an extremely sought after suburb, 14 Lor Kismis is situated in a wonderful area in which everything is handy, in the circling community. Knight Frank was at the same time pleasantly surprised by its attractiveness, as the home was fiercely contended and even knocked down in merely less than ten minutes,” announced Sharon Lee, Director of Auction and Sales at KF SG.
The effective activity was conducted on 16 October 20, by having a great turnout of higher than thirty guests. In light of the pandemic condition, the affair was facilitated utilizing strict safe operations strategies engaged with the help of social distancing along with imposed mask wearing by all guests.
Knight Frank is the first property public auction house in SG, as well as the first to conduct a home public auction in the country. Starting with its modest origins in a boxing ring at Happy World theme park, the business now provides a steadfast placement as a chief in property auctions 80 yrs on.