Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of flopping in the condominium’s 1st tender in 2K18, the proprietors of Jansen Mansions made their 2nd effort at an en-bloc, by having the reserve rate cut down from $22 mil to $Nineteen point Eight million, declared SGP Biz Review quoting PropNex.
The $19.8 million amount puts together to a land price of $8hundred 79 psf per plot ratio, adding in of the dev charge as well as the 7 percent bonus offer balcony space.
Found at Twenty Five Jansen Road within the Kovan location, Jansen Mansions occupy a 1thousand 5hundred 41.5 square meter plot that offers a Nine hundred Ninety-nine yrs leasehold tenure in which commences from 1Sept 1876.
The area is sector for residential utilization under the 2019 Master Plan including a GPR of One point Four. Its gross floor area totals at almost 2,158.1 square meter or approximately 2,309.2 sq m also including the incentive balcony area.
The location takes advantage of manageable passage to public travelling like the Kovan Mass Rapid Transit terminal in addition to major roads and also expressways for instance, the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is similarly a brief ride to the Central Business District as well as the Orchard Road retail therapy belt.
The bid for Jansen Mansions closes on 23 March 2K21.