Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following failing during the condominium’s first proposal in 2K18, the proprietors of Jansen Mansions acted their second effort at an en-bloc, by having the minimum price marked down from $22 million to $19.8 mil, reported SGP Biz Review quoting PropNex.
The $19.8 million price puts together to a land rate of $879 per sq foot per plot ratio, inclusive of the dev fee and the 7 % bonus patio space.
Found at 25 Jansen Road among the Kovan zone, Jansen Mansions hold a 1thousand 5hundred 41.5 sq meter area that has a 999-year leasehold period that commences from 1st Sept 1876.
The plot is target for domestic purpose in the 2019 Master Plan with a plot ratio of One point Four. Its gross floor area totals at roughly 2thousand 1hundred 58.1 sq m or around 2thousand 3hundred 09.2 sq meter including the reward veranda area.
The area appreciates simple connection to public transportation like the Kovan Mass Rapid Transit terminal including major roads including expressways including the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is at the same time a short ride to the CBD and the Orchard Road retail therapy street.
The tender for Jansen Mansions ends on 23 March ’21.