Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of struggling in their 1st bid in ’18, the owners of Jansen Mansions performed their second shot at an en-bloc, with the minimum cost slashed from $22 million to $19.8 mil, announced S’pore Business Review quoting PropNex.
The $Nineteen point Eight million rate puts together to a land rate of $Eight hundred Seventy-nine per sq foot per plot ratio, inclusive of the dev charge together with the 7 percent reward balcony space.
Positioned at 25 Jansen Rd in the Kovan neighborhood, Jansen Mansions cover a 1,541.5 square meter site which possesses a 999-year leasing term that commences from 1st Sept 1876.
The location is target for housing purpose in the 2K19 Master Plan by having a GPR of 1.4. Its gross floor area stands up at almost 2,158.1 sq m or around 2thousand 3hundred 09.2 sq meter consisting of the reward balcony area.
The area experiences manageable connectivity to communal transporting like the Kovan Mass Rapid Transit terminal including major rds and also highways like the PIE, Central Expressway and Kallang-Paya Lebar Expressway. It is at the same time a brief commute to the CBD also the Orchard Rd shopping street.
The tender for Jansen Mansions terminates on 23 Mar 2K21.