Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of struggling in their first bid in ’18, the owners of Jansen Mansions conducted their second attempt at an en-bloc, by having the reserve rate marked down coming from $Twenty-two mil to $Nineteen point Eight million, published S’pore Business Review reciting PropNex.
The $Nineteen point Eight mil value calculates to a land price of $879 per square ft per plot ratio, inclusive of the development cost and the seven percent bonus offer veranda space.
Situated at 25 Jansen Road within the Kovan vicinity, Jansen Mansions take up a 1,541.5 square meter spot that carries a 999-year leasehold term that begins from 1Sept 1876.
The spot is sector for domestic application in the 2K19 Master Plan including a GPR of 1.4. Its GFA stands up at roughly 2,158.1 sq meter or almost 24thousand 8hundred 55.9 sq foot integrating the bonus balcony space.
The spot experiences quick and easy access to public transit like the Kovan MRT station and also major roads and also expressways namely the Pan Island Expressway, Central Expressway and KPE. It is at the same time a quick commute to the Central Business District and the Orchard Road shopping belt.
The tender for Jansen Mansions ceases on 23March2021.