Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
KF SG has reselled a land at 14 Lorong Kismis for $1.32 mil, or twenty two percent% over the place’s launch quote of $1.1 million at KF’s premier property auction sale due to the lockdown, base on notice on 23 October.
For a land area of approximately 305.7 sqm, the 2 level semi-detached property features 51 yrs remained in its leasehold tenure of 99 years.
“Placed around a particularly sought after house, 14 Lor Kismis is found in a fantastic zone where everything is within reach, in the nearing by vicinity. We were likewise enjoyably surprised by its attractiveness, as the semi-detached was passionately battled and even closed in just under 10 minutes,” said Sharon Lee, Director of Auction and Sales at KF SG.
The fulfilling function was held on 16 Oct 20, with a vibrant attendance of beyond thirty potentials. In light of the COVID-19 problem, the event was controlled using compelling safe supervision procedures in place thru social distancing including executed mask wearing by all of the visitors.
KF is the oldest property auction sale firm in SG, also the first-ever to host a home public auction in the nation. Starting with its ordinary origins in a fight arena at Happy World theme park, the service provider now flaunts a firm placement as a chief in premises public auctions 80 yrs on.