Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of failing during the condo’s very first offer in 2018, the proprietors of Jansen Mansions conducted their second shot at an en-bloc, by having the minimum price reduced from $22 mil to $Nineteen point Eight mil, published SGP Business Review quoting PropNex.
The $Nineteen point Eight million amount works out to a land rate of $Eight hundred Seventy-nine per sq foot ppr, adding in of the development cost together with the 7 percent incentive balcony area.
Placed at 25 Jansen Road among the Kovan zone, Jansen Mansions cover a 1,541.5 sq m area that comes with a 999-year leasing period in which commences from 1st Sept 1876.
The location is sector for home utilization in the 2019 Master Plan with a plot ratio of One point Four. Its gross floor area stands up at approximately 2thousand 1hundred 58.1 sq m or just about 24,855.9 sq ft containing the reward patio space.
The plot takes advantage of easy connection to communal travel like the Kovan MRT terminal along with main rds also expressways such as the PIE, CTE and Kallang-Paya Lebar Expressway. It is furthermore a quick commute to the CBD as well as the Orchard Road shopping belt.
The offer for Jansen Mansions closes on 23 Mar 2K21.