Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of failing during their very first offer in 2018, the proprietors of Jansen Mansions performed their 2nd shot at an en-bloc, with the reserve value shaved coming from $22 mil to $Nineteen point Eight mil, broadcast Singapore Business Review reciting PropNex.
The $19.8 million amount calculates to a land cost of $Eight hundred Seventy-nine per sq ft per plot ratio, adding in of the dev fee along with the seven percent reward patio space.
Positioned at Twenty Five Jansen Rd inside the Kovan neighborhood, Jansen Mansions hold a 1,541.5 square m location which owns a 999-year leasing period which begins from 1 September 1876.
The area is sector for housing application under the 2019 Master Plan by having a GPR of 1.4. Its gross floor area stands up at around 2,158.1 square meter or close to 2,309.2 square m also including the incentive balcony space.
The location has smooth accessibility to communal travel like the Kovan Mass Rapid Transit station as well as main roads and also highways for instance, the Pan Island Expressway, CTE and KPE. It is furthermore a brief ride to the CBD and the Orchard Road shopping belt.
The bid for Jansen Mansions ceases on 23 March ’21.