Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of flopping in their first tender in 2018, the owners of Jansen Mansions acted their 2nd try at an en-bloc, with the reserve cost decreased coming from $22 million to $19.8 mil, documented SGP Biz Review citing PropNex.
The $19.8 mil amount works out to a land figure of $879 psf per plot ratio, adding in of the dev cost and also the 7 percent reward balcony area.
Positioned at 25 Jansen Road among the Kovan community, Jansen Mansions occupy a 1thousand 5hundred 41.5 sq m location which offers a 999-year leasehold term which begins from 1September 1876.
The spot is zoned for residential usage in the 2K19 Master Plan including a plot ratio of One point Four. Its GFA totals at nearly 2,158.1 sq meter or roughly 24,855.9 square ft featuring the reward patio area.
The area experiences quick accessibility to communal travel like the Kovan Mass Rapid Transit station as well as major roads and also highways for example, the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is likewise a brief trip to the Central Business District also the Orchard Rd retail therapy street.
The bid for Jansen Mansions ceases on 23March2021.