Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of flopping in their very first offer in 2018, the owners of Jansen Mansions carried through their second attempt at an en-bloc, by having the minimum amount marked down coming from $22 million to $19.8 mil, declared S’pore Business Review quoting PropNex.
The $19.8 mil value formulates to a land rate of $8hundred 79 per sq foot ppr, inclusive of the dev cost together with the 7 percent incentive balcony area.
Positioned at Twenty Five Jansen Rd inside the Kovan neighborhood, Jansen Mansions dwell in a 1,541.5 square m plot that comes with a 999-year leasing term in which begins from 1st Sept 1876.
The location is zoned for housing utilization in the 2K19 Master Plan including a GPR of 1.4. Its GFA stands up at approximately 2,158.1 square meter or roughly 24thousand 8hundred 55.9 sq ft also including the perk balcony space.
The location enjoys quick passage to communal transporting like the Kovan Mass Rapid Transit station as well as main rds including highways for example, the Pan Island Expressway, Central Expressway and Kallang-Paya Lebar Expressway. It is similarly a quick travel to the Central Business District and the Orchard Road retail therapy belt.
The tender for Jansen Mansions ceases on 23 Mar 2K21.