Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
After struggling during the condo’s first offer in 2K18, the owners of Jansen Mansions made their second attempt at an en-bloc, with the minimum amount reduced coming from $22 mil to $19.8 million, reported Singapore Business Review citing PropNex.
The $Nineteen point Eight million amount formulates to a land value of $Eight hundred Seventy-nine per sq foot per plot ratio, adding in of the development fee in addition to the seven percent bonus patio space.
Located at Twenty Five Jansen Rd in the Kovan location, Jansen Mansions occupy a 1thousand 5hundred 41.5 square m area which owns a 999-year leasehold period in which commences from 1September 1876.
The spot is sector for personal usage under the 2019 Master Plan including a GPR of 1.4. Its gross floor area stands up at approximately 2thousand 1hundred 58.1 square meter or close to 2thousand 3hundred 09.2 square meter incorporating the incentive veranda space.
The site appreciates easy connection to public transporting like the Kovan Mass Rapid Transit station as well as major roads including highways for example, the PIE, CTE and Kallang-Paya Lebar Expressway. It is additionally a quick commute to the CBD and also the Orchard Road shopping street.
The tender for Jansen Mansions terminates on 23 March 2021.