Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following flopping during their very first bid in 2018, the owners of Jansen Mansions acted their 2nd attempt at a collective sale, by having the minimum cost slashed from $22 million to $19.8 million, recorded S’pore Business Review reciting PropNex.
The $19.8 million amount formulates to a land value of $8hundred 79 per sq foot per plot ratio, adding in of the dev fee in addition to the seven % incentive patio area.
Found at Twenty Five Jansen Rd within the Kovan community, Jansen Mansions occupy a 1,541.5 sq m plot that has a 999-year leasing term that starts from 1Sept 1876.
The location is sector for home purpose in the 2K19 Master Plan including a GPR of 1.4. Its gross floor area totals at about 2thousand 1hundred 58.1 square meter or just about 24thousand 8hundred 55.9 sq foot featuring the benefit balcony space.
The location reaps the benefits convenient accessibility to communal transport like the Kovan MRT station and also main rds also highways like the Pan Island Expressway, CTE and KPE. It is likewise a quick trip to the CBD as well as the Orchard Road shopping belt.
The bid for Jansen Mansions ceases on 23 Mar 2021.