Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of struggling during their 1st offer in ’18, the proprietors of Jansen Mansions carried through their second shot at an en-bloc, by having the reserve amount cut back coming from $22 mil to $19.8 mil, recorded Singapore Biz Review extracting PropNex.
The $19.8 million rate works out to a land rate of $879 psf per plot ratio, inclusive of the dev fee in addition to the 7 % bonus veranda area.
Positioned at 25 Jansen Rd in the Kovan location, Jansen Mansions take up a 1,541.5 sq meter plot that offers a Nine hundred Ninety-nine yrs leasing period that begins from 1Sept 1876.
The location is zoned for personal purpose in the 2019 Master Plan by having a plot ratio of 1.4. Its gross floor area stands up at almost 2,158.1 square m or approximately 2thousand 3hundred 09.2 square m consistsing of the bonus balcony space.
The spot reaps the benefits effortless connection to public transport like the Kovan Mass Rapid Transit station and main roads and also expressways for instance, the Pan Island Expressway, Central Expressway and KPE. It is similarly a brief trip to the CBD as well as the Orchard Road retail therapy street.
The tender for Jansen Mansions ends on 23 March.