Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following struggling during their 1st offer in 2K18, the owners of Jansen Mansions performed their 2nd effort at a collective sale, with the minimum amount scaled down from $Twenty-two million to $Nineteen point Eight million, stated S’pore Business Review extracting PropNex.
The $Nineteen point Eight million value works out to a land price of $879 psf per plot ratio, adding in of the dev cost along with the seven percent incentive balcony space.
Located at Twenty Five Jansen Road among the Kovan community, Jansen Mansions hold a 1,541.5 sq meter spot which provides a Nine hundred Ninety-nine years leasing tenure that starts from 1September 1876.
The spot is sector for home purpose in the 2019 Master Plan with a plot ratio of 1.4. Its GFA stands at almost 2thousand 1hundred 58.1 square m or roughly 24,855.9 square foot also including the perk patio area.
The area enjoys quick and easy accessibility to communal transit like the Kovan Mass Rapid Transit terminal including main roads and also highways such as the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is furthermore a brief drive to the CBD and also the Orchard Rd retail therapy street.
The offer for Jansen Mansions ceases on 23Mar ’21.