Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of struggling during their 1st proposal in ’18, the owners of Jansen Mansions carried through their 2nd shot at a collective sale, with the minimum amount reduced from $22 mil to $Nineteen point Eight million, published SGP Biz Review quoting PropNex.
The $19.8 mil value formulates to a land figure of $879 per sq ft per plot ratio, inclusive of the dev charge including the seven % perk veranda space.
Found at Twenty Five Jansen Rd in the Kovan neighborhood, Jansen Mansions dwell in a 1,541.5 square m location which possesses a 999-year leasing term in which starts from 1September 1876.
The location is target for residential purpose in the 2K19 Master Plan including a plot ratio of One point Four. Its gross floor area totals at about 2thousand 1hundred 58.1 sq meter or close to 24thousand 8hundred 55.9 sq ft consisting of the reward veranda space.
The location gets effortless connectivity to communal transporting like the Kovan Mass Rapid Transit terminal in addition to main roads along with expressways like the PIE, Central Expressway and KPE. It is additionally a quick trip to the Central Business District as well as the Orchard Rd retail therapy street.
The bid for Jansen Mansions ceases on 23 Mar 2K21.