Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of failing during the condo’s first bid in 2018, the owners of Jansen Mansions acted their 2nd try at an en-bloc, with the reserve price reduced from $22 million to $19.8 mil, reported SGP Biz Review extracting PropNex.
The $19.8 million rate puts together to a land figure of $879 psf per plot ratio, adding in of the development fee along with the seven percent bonus balcony space.
Located at 25 Jansen Road inside the Kovan community, Jansen Mansions take up a 1,541.5 sq meter plot which possesses a 999-year leasehold term in which begins from 1September 1876.
The plot is target for personal use under the 2019 Master Plan including a GPR of One point Four. Its GFA rises at approximately 2thousand 1hundred 58.1 square m or almost 2,309.2 square m containing the bonus offer patio space.
The location reaps the benefits quick and easy access to public travel like the Kovan Mass Rapid Transit terminal including major rds also highways namely the PIE, Central Expressway and Kallang-Paya Lebar Expressway. It is also a brief ride to the Central Business District and also the Orchard Rd retail therapy belt.
The offer for Jansen Mansions closes on 23 Mar ’21.