Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following falling short in the condominium’s 1st proposal in ’18, the owners of Jansen Mansions acted their second shot at an en-bloc, by having the reserve cost cut down from $Twenty-two million to $Nineteen point Eight mil, announced SGP Business Review citing PropNex.
The $Nineteen point Eight mil amount calculates to a land value of $879 per sq foot per plot ratio, inclusive of the dev fee together with the 7 percent reward veranda space.
Placed at 25 Jansen Rd in the Kovan zone, Jansen Mansions dwell in a 1,541.5 sq meter site that owns a 9hundred 99 years leasing period that starts from 1September 1876.
The area is target for home purpose in the 2019 Master Plan including a plot ratio of One point Four. Its gross floor area stands at almost 2thousand 1hundred 58.1 square m or just about 24thousand 8hundred 55.9 sq foot consistsing of the bonus offer veranda space.
The area has easy passage to communal travelling like the Kovan MRT station in addition to major roads including highways for instance, the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is furthermore a brief travel to the Central Business District as well as the Orchard Road retail therapy belt.
The bid for Jansen Mansions wraps up on 23 Mar 2021.