Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker
Knight Frank Singapore has closed the deal of a home at 14 Lorong Kismis for $1.32 mil, or twenty two percent% greater than the place’s initial figure of $1.1 mil at Knight Frank’s 1st land public auction after the lockdown, according to publicity on 23 October.
With an acreage of approx 3,290 square foot, the 2 floors semi-d house features 51 years remained in its leasehold ownership of ninety nine years.
“Positioned inside an extremely desirable house, 14 Lor Kismis is positioned in a wonderful zone where everything is within reach, in the circling community. We were likewise enjoyably delighted by its interest, as the residence was passionately battled and K.O. in only below ten mins,” said Sharon Lee, Head of A&S at Knight Frank Singapore.
The rewarding affair was carried out on 16 Oct 2020, along with a good number of more than thirty clients. In light of the COVID-19 situation, the event was administered with compelling risk-free control measures in place by means of public distancing as well as enforced mask wearing by all guests.
Knight Frank is the first realty public auction company in Singapore, and the number one to conduct a home auction sale in the country. Out of its humble starts in a boxing ring at Happy World amusement park, the agency presently provides a firm placement as a leader in premises public auctions eighty yrs on.