Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of failing during the condo’s initial bid in ’18, the proprietors of Jansen Mansions acted their 2nd shot at an en-bloc, with the minimum price lessened from $22 mil to $19.8 million, documented Singapore Biz Review quoting PropNex.
The $Nineteen point Eight million value formulates to a land cost of $Eight hundred Seventy-nine psf per plot ratio, adding in of the development cost and the 7 % bonus offer patio space.
Found at 25 Jansen Road among the Kovan area, Jansen Mansions utilize a 1thousand 5hundred 41.5 square meter area which carries a 999-year leasing tenure in which starts from 1st Sept 1876.
The site is zoned for residential application in the 2019 Master Plan by having a plot ratio of One point Four. Its GFA stands up at roughly 2thousand 1hundred 58.1 square m or close to 24thousand 8hundred 55.9 sq ft including the incentive balcony space.
The spot reaps the benefits convenient access to communal transport like the Kovan Mass Rapid Transit terminal together with major rds along with highways including the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is also a short drive to the CBD also the Orchard Rd shopping belt.
The bid for Jansen Mansions ceases on 23 March 2021.