Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following struggling in the condominium’s initial bid in 2018, the owners of Jansen Mansions conducted their second try at an en-bloc, with the reserve value marked down coming from $22 mil to $Nineteen point Eight million, announced SGP Biz Review citing PropNex.
The $19.8 million price puts together to a land rate of $8hundred 79 psf per plot ratio, adding in of the development cost together with the 7 % bonus balcony area.
Positioned at 25 Jansen Rd within the Kovan neighborhood, Jansen Mansions occupy a 1thousand 5hundred 41.5 square m plot that provides a 9hundred 99 years leasing tenure which begins from 1 Sept 1876.
The site is sector for home application under the 2K19 Master Plan including a GPR of 1.4. Its GFA stands at roughly 2thousand 1hundred 58.1 sq meter or just about 24,855.9 sq ft featuring the benefit patio space.
The spot has effortless accessibility to communal travel like the Kovan MRT terminal as well as major rds also expressways like the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is similarly a short ride to the Central Business District and the Orchard Rd shopping belt.
The offer for Jansen Mansions terminates on 23 March.