Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
After failing in their initial offer in 2018, the owners of Jansen Mansions conducted their second shot at a collective sale, with the minimum price decreased coming from $Twenty-two million to $19.8 mil, broadcast S’pore Biz Review citing PropNex.
The $19.8 million amount calculates to a land value of $879 psf per plot ratio, adding in of the dev charge in addition to the seven percent reward balcony space.
Positioned at 25 Jansen Rd within the Kovan area, Jansen Mansions occupy a 1thousand 5hundred 41.5 sq meter location that possesses a 999 years leasehold term which starts from 1September 1876.
The plot is target for personal purpose under the 2019 Master Plan with a GPR of One point Four. Its GFA totals at almost 2,158.1 square m or almost 24thousand 8hundred 55.9 square ft consisting of the reward veranda space.
The spot enjoys quick and easy access to public transporting like the Kovan Mass Rapid Transit terminal together with main rds as well as highways such as the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is also a quick travel to the Central Business District and also the Orchard Rd shopping belt.
The tender for Jansen Mansions ends on 23March2021.