Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following falling short in their initial proposal in 2K18, the owners of Jansen Mansions made their second shot at a collective sale, with the reserve amount shaved coming from $22 million to $Nineteen point Eight million, stated Singapore Biz Review quoting PropNex.
The $19.8 mil value formulates to a land value of $8hundred 79 psf per plot ratio, adding in of the dev charge along with the 7 percent bonus offer balcony area.
Located at Twenty Five Jansen Road within the Kovan zone, Jansen Mansions utilize a 1thousand 5hundred 41.5 square m plot that comes with a 999-year leasing period in which commences from 1st September 1876.
The spot is target for housing purpose in the 2K19 Master Plan by having a plot ratio of One point Four. Its GFA stands up at about 2thousand 1hundred 58.1 sq m or close to 2,309.2 square m featuring the bonus patio area.
The site reaps the benefits easy connectivity to communal transporting like the Kovan MRT terminal together with main rds also expressways namely the PIE, Central Expressway and KPE. It is similarly a quick commute to the CBD as well as the Orchard Rd retail therapy street.
The offer for Jansen Mansions ceases on 23Mar ’21.