Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following falling short during the condo’s very first offer in 2K18, the proprietors of Jansen Mansions made their 2nd attempt at a collective sale, by having the reserve amount lessened from $22 mil to $19.8 million, announced SGP Business Review extracting PropNex.
The $Nineteen point Eight million rate formulates to a land value of $8hundred 79 per square ft ppr, adding in of the dev charge together with the seven percent incentive veranda area.
Found at Twenty Five Jansen Rd inside the Kovan location, Jansen Mansions dwell in a 1,541.5 square m area which offers a 999-year leasehold period in which starts from 1September 1876.
The site is zoned for home utilization under the 2K19 Master Plan by having a GPR of One point Four. Its gross floor area totals at nearly 2,158.1 sq meter or more or less 2,309.2 sq meter featuring the incentive veranda space.
The area takes advantage of smooth access to communal travelling like the Kovan MRT station in addition to main roads also highways including the PIE, CTE and Kallang-Paya Lebar Expressway. It is likewise a short drive to the Central Business District and the Orchard Road retail therapy street.
The tender for Jansen Mansions closes on 23Mar ’21.