Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
In the aftermath of struggling in their very first tender in 2018, the proprietors of Jansen Mansions carried through their second try at a collective sale, by having the minimum value marked down coming from $Twenty-two mil to $19.8 million, published Singapore Biz Review citing PropNex.
The $19.8 mil cost works out to a land price of $8hundred 79 psf ppr, inclusive of the dev charge in addition to the 7 percent benefit veranda space.
Placed at Twenty Five Jansen Road in the Kovan vicinity, Jansen Mansions cover a 1,541.5 square m area that owns a 999-year leasehold term which begins from 1September 1876.
The area is target for housing purpose under the 2019 Master Plan with a plot ratio of 1.4. Its gross floor area rises at around 2,158.1 square m or approximately 2,309.2 square m consistsing of the perk veranda space.
The site takes advantage of easy access to public transit like the Kovan Mass Rapid Transit terminal including major rds along with expressways including the PIE, CTE and KPE. It is similarly a brief ride to the CBD also the Orchard Road retail therapy street.
The tender for Jansen Mansions ends on 23Mar ’21.