Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of struggling during their initial bid in ’18, the owners of Jansen Mansions performed their 2nd try at an en-bloc, by having the minimum value reduced coming from $22 million to $Nineteen point Eight mil, documented Singapore Biz Review extracting PropNex.
The $19.8 million price works out to a land cost of $Eight hundred Seventy-nine psf per plot ratio, adding in of the development cost in addition to the seven percent reward patio area.
Located at 25 Jansen Rd inside the Kovan zone, Jansen Mansions utilize a 1thousand 5hundred 41.5 square m location which offers a 999-year leasehold period that starts from 1September 1876.
The location is zoned for residential usage in the 2K19 Master Plan by having a GPR of One point Four. Its GFA totals at almost 2,158.1 square meter or almost 24,855.9 sq ft integrating the benefit veranda space.
The spot appreciates convenient accessibility to communal travel like the Kovan Mass Rapid Transit station and also major rds along with highways for example, the PIE, Central Expressway and KPE. It is also a brief travel to the Central Business District also the Orchard Rd shopping street.
The bid for Jansen Mansions wraps up on 23 March.