Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of falling short during their 1st bid in 2K18, the proprietors of Jansen Mansions acted their 2nd effort at a collective sale, by having the minimum value cut down coming from $Twenty-two mil to $Nineteen point Eight mil, stated SGP Biz Review quoting PropNex.
The $Nineteen point Eight mil price calculates to a land rate of $Eight hundred Seventy-nine psf ppr, adding in of the development fee together with the seven % bonus offer veranda space.
Positioned at Twenty Five Jansen Road inside the Kovan area, Jansen Mansions occupy a 1thousand 5hundred 41.5 square meter location which has a 999 yrs leasing tenure in which begins from 1 Sept 1876.
The plot is sector for home use under the 2019 Master Plan by having a GPR of One point Four. Its gross floor area rises at roughly 2thousand 1hundred 58.1 square meter or approximately 2thousand 3hundred 09.2 sq meter integrating the bonus balcony space.
The location gets convenient passage to public transport like the Kovan MRT terminal along with major rds and highways such as the Pan Island Expressway, CTE and KPE. It is furthermore a short travel to the Central Business District and also the Orchard Road retail therapy belt.
The offer for Jansen Mansions ceases on 23 March 2021.