Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of falling short during the condo’s very first bid in ’18, the owners of Jansen Mansions carried out their 2nd attempt at an en-bloc, by having the reserve price shaved from $Twenty-two million to $19.8 mil, announced Singapore Business Review citing PropNex.
The $19.8 mil value formulates to a land value of $879 per square foot per plot ratio, inclusive of the dev charge and the 7 % incentive balcony area.
Found at Twenty Five Jansen Road inside the Kovan location, Jansen Mansions take up a 1,541.5 sq meter plot that provides a Nine hundred Ninety-nine years leasehold period which starts from 1 September 1876.
The location is target for personal application under the 2019 Master Plan including a plot ratio of One point Four. Its gross floor area rises at almost 2thousand 1hundred 58.1 square meter or almost 24thousand 8hundred 55.9 sq foot incorporating the perk patio space.
The location appreciates convenient accessibility to communal transit like the Kovan MRT station in addition to main rds and also expressways for example, the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is likewise a brief drive to the Central Business District also the Orchard Road shopping belt.
The tender for Jansen Mansions concludes on 23 March 2K21.