Knight Frank Sells Property At 22% Above Opening Price In First Property Auction Since Circuit Breaker

KF SG has sold a residential property at 14 Lor Kismis for $1.32 mil, or 22% beyond its first figure of $1.1 mil at KF’s primary residence sell-off since the circuit breaker, according to launch on 23 October.

Existing an acreage of approximately 305.7 square metre, the two level semi-d residence provides fifty one yrs remained in its leasehold term of 99 years.

Penrose – CDL & Hong Leong

“Placed around an extremely desirable suburb, 14 Lor Kismis is located in a fabulous area in which everything is accessible, in the nearing by neighbourhood. We were likewise enjoyably shocked by its popularity, as the land was hotly battled and closed in simply less than 10 mins,” announced Sharon Lee, Director of Auction and Sales at Knight Frank Singapore.

The productive activity was hosted on 16 Oct 2020, including a good attendance of around 30 attendees. Taking into account the COVID-19 situation, the occasion was held by having compelling risk-free administration measures engaged via community distancing and also enforced face mask wearing by all guests.

KF is the most seasoned real estate auction sale firm in SG, and the number one to conduct a land public auction in the country. Out of its reserved beginnings in a boxing ring at Happy World amusement park, the business presently possesses a resolute footing as a forerunner in premises public auctions eighty years on.

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