Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of falling short in the condominium’s very first offer in 2018, the owners of Jansen Mansions carried through their second try at a collective sale, by having the reserve amount lessened from $Twenty-two mil to $19.8 million, recorded SGP Business Review quoting PropNex.
The $19.8 million rate puts together to a land rate of $879 per sq foot per plot ratio, inclusive of the dev charge together with the 7 percent reward balcony space.
Placed at 25 Jansen Road inside the Kovan location, Jansen Mansions take up a 1thousand 5hundred 41.5 sq m area which owns a 999-year leasehold term that starts from 1st September 1876.
The spot is target for residential utilization under the 2019 Master Plan with a GPR of One point Four. Its gross floor area totals at roughly 2,158.1 square m or just about 2thousand 3hundred 09.2 square meter also including the bonus offer balcony space.
The area takes advantage of convenient connectivity to communal transport like the Kovan MRT terminal as well as main roads including highways for instance, the Pan Island Expressway, Central Expressway and KPE. It is likewise a quick commute to the Central Business District and the Orchard Road retail therapy belt.
The tender for Jansen Mansions wraps up on 23 Mar ’21.