Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has offered a residential property at 14 Lorong Kismis for $1.32 million, or 22% over the house’s launch price of $1.1 mil at its first home auction after the CB, base on launch on 23 Oct.
Existing an acreage of approx 305.7 square metre, the two floors semi-detached house owns 51 yrs remained in its leasehold tenure of ninety nine yrs.
“Found inside a highly coveted suburb, 14 Lor Kismis is located in a fantastic neighborhood where everything is within reach, in the surrounding community. Knight Frank was likewise happily overwhelmed by its attraction, as the premises was closely taken on and closed in merely below 10 mins,” said Sharon Lee, Head of A&S at Knight Frank Singapore.
The productive event was conducted on 16 Oct 2020, with a balanced turnout of beyond 30 clients. Because of the COVID-19 condition, the function was facilitated by having rigorous safe operations strategies engaged via community distancing as well as executed face mask wearing by each of the guests.
Knight Frank is the most seasoned property auction house in SG, and also the number one to run a land auction in the nation. Out of its ordinary beginnings in a fight arena at Happy World theme park, the business at this time provides a steadfast position as a pioneer in premises public auctions 80 years on.