Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
After flopping during the condo’s initial proposal in 2K18, the proprietors of Jansen Mansions carried out their second shot at a collective sale, with the minimum cost marked down from $Twenty-two million to $Nineteen point Eight mil, published S’pore Business Review quoting PropNex.
The $Nineteen point Eight mil cost works out to a land rate of $Eight hundred Seventy-nine per square foot per plot ratio, adding in of the development charge together with the seven percent reward balcony area.
Found at Twenty Five Jansen Road within the Kovan zone, Jansen Mansions take up a 1,541.5 sq m plot that possesses a Nine hundred Ninety-nine yrs leasing tenure that begins from 1st Sept 1876.
The plot is target for personal use under the 2019 Master Plan by having a GPR of 1.4. Its gross floor area stands up at almost 2,158.1 sq meter or approximately 24thousand 8hundred 55.9 sq ft featuring the benefit balcony space.
The site has simple connectivity to public travelling like the Kovan Mass Rapid Transit terminal as well as major roads along with expressways like the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is furthermore a short travel to the Central Business District and also the Orchard Road retail therapy street.
The bid for Jansen Mansions ceases on 23 Mar ’21.