Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
After failing in their 1st proposal in 2K18, the proprietors of Jansen Mansions performed their second attempt at a collective sale, with the reserve value scaled down from $Twenty-two million to $19.8 mil, documented S’pore Biz Review quoting PropNex.
The $Nineteen point Eight mil amount formulates to a land cost of $879 per sq foot ppr, adding in of the dev charge including the 7 percent incentive patio area.
Positioned at 25 Jansen Road within the Kovan area, Jansen Mansions occupy a 1,541.5 square meter plot which comes with a 9hundred 99 yrs leasing term that begins from 1 Sept 1876.
The location is zoned for residential application under the 2019 Master Plan with a GPR of 1.4. Its gross floor area totals at about 2,158.1 square meter or approximately 2thousand 3hundred 09.2 square meter consistsing of the incentive balcony area.
The plot has simple passage to public transit like the Kovan MRT station along with major roads as well as expressways such as the Pan Island Expressway, Central Expressway and Kallang-Paya Lebar Expressway. It is also a short trip to the Central Business District and the Orchard Rd shopping belt.
The offer for Jansen Mansions closes on 23Mar ’21.