Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of struggling during their first offer in ’18, the proprietors of Jansen Mansions performed their 2nd shot at a collective sale, by having the minimum amount cut back from $22 mil to $19.8 mil, reported S’pore Business Review quoting PropNex.
The $19.8 million value puts together to a land cost of $8hundred 79 per sq foot ppr, adding in of the development fee as well as the seven percent benefit patio space.
Placed at Twenty Five Jansen Road among the Kovan area, Jansen Mansions possess a 1,541.5 square m site which comes with a 999 yrs leasing tenure which begins from 1Sept 1876.
The plot is target for residential use under the 2K19 Master Plan by having a plot ratio of 1.4. Its GFA totals at roughly 2thousand 1hundred 58.1 square m or around 24thousand 8hundred 55.9 square foot consistsing of the reward veranda space.
The area appreciates quick connectivity to communal transporting like the Kovan MRT station together with main rds and expressways for instance, the Pan Island Expressway, Central Expressway and KPE. It is at the same time a brief drive to the Central Business District and also the Orchard Road shopping street.
The tender for Jansen Mansions wraps up on 23March2021.