Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of falling short in the condominium’s first bid in 2018, the owners of Jansen Mansions conducted their second effort at a collective sale, with the reserve amount cut down coming from $22 mil to $19.8 million, declared S’pore Biz Review reciting PropNex.
The $Nineteen point Eight mil amount formulates to a land rate of $8hundred 79 psf ppr, inclusive of the dev cost as well as the 7 % reward balcony space.
Located at 25 Jansen Road among the Kovan location, Jansen Mansions take up a 1,541.5 square meter area that owns a 999-year leasehold term which starts from 1September 1876.
The area is sector for personal application in the 2019 Master Plan with a GPR of 1.4. Its gross floor area stands at nearly 2,158.1 square meter or close to 24thousand 8hundred 55.9 sq ft featuring the bonus offer patio area.
The site enjoys simple passage to public transport like the Kovan Mass Rapid Transit terminal along with major rds along with expressways including the PIE, CTE and Kallang-Paya Lebar Expressway. It is at the same time a brief trip to the Central Business District and the Orchard Road retail therapy belt.
The bid for Jansen Mansions ends on 23Mar ’21.