Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of failing in their first tender in 2018, the owners of Jansen Mansions carried through their second attempt at an en-bloc, with the reserve cost reduced coming from $Twenty-two mil to $Nineteen point Eight mil, presented S’pore Business Review reciting PropNex.
The $Nineteen point Eight mil value works out to a land price of $8hundred 79 per square ft per plot ratio, adding in of the dev fee in addition to the seven % incentive veranda area.
Positioned at 25 Jansen Rd inside the Kovan zone, Jansen Mansions take up a 1thousand 5hundred 41.5 sq m spot that owns a 9hundred 99 yrs leasing tenure that begins from 1September 1876.
The spot is target for domestic purpose in the 2K19 Master Plan by having a GPR of 1.4. Its GFA totals at around 2thousand 1hundred 58.1 sq m or just about 2,309.2 square meter consisting of the bonus patio area.
The site reaps the benefits convenient connectivity to communal transporting like the Kovan Mass Rapid Transit station including main rds also expressways such as the Pan Island Expressway, Central Expressway and Kallang-Paya Lebar Expressway. It is likewise a brief drive to the Central Business District and also the Orchard Rd retail therapy street.
The bid for Jansen Mansions ceases on 23 March 2021.