Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of failing in the condominium’s first offer in 2K18, the owners of Jansen Mansions made their 2nd shot at an en-bloc, by having the minimum amount scaled down coming from $22 mil to $Nineteen point Eight mil, published SGP Business Review citing PropNex.
The $Nineteen point Eight mil price calculates to a land price of $Eight hundred Seventy-nine per square foot ppr, inclusive of the dev charge together with the seven percent perk veranda space.
Located at 25 Jansen Rd in the Kovan area, Jansen Mansions take up a 1,541.5 square meter location that comes with a Nine hundred Ninety-nine years leasing tenure which begins from 1 Sept 1876.
The site is zoned for home utilization in the 2K19 Master Plan by having a plot ratio of One point Four. Its gross floor area rises at around 2,158.1 square meter or around 24,855.9 square foot incorporating the benefit veranda area.
The site appreciates quick and easy accessibility to public transport like the Kovan MRT terminal and major roads and also highways like the Pan Island Expressway, Central Expressway and Kallang-Paya Lebar Expressway. It is additionally a short trip to the Central Business District and also the Orchard Rd retail therapy belt.
The tender for Jansen Mansions concludes on 23 March 2K21.