Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of failing in their 1st tender in ’18, the owners of Jansen Mansions carried through their 2nd effort at an en-bloc, by having the minimum price slashed from $Twenty-two mil to $Nineteen point Eight million, stated SGP Biz Review extracting PropNex.
The $19.8 million cost puts together to a land cost of $8hundred 79 per square foot ppr, adding in of the dev fee as well as the 7 % reward veranda area.
Situated at Twenty Five Jansen Rd among the Kovan neighborhood, Jansen Mansions hold a 1,541.5 sq meter area that provides a 999-year leasehold term in which begins from 1Sept 1876.
The spot is target for personal application in the 2019 Master Plan including a GPR of 1.4. Its GFA stands up at almost 2,158.1 sq meter or just about 2,309.2 sq m featuring the reward patio area.
The site appreciates quick connectivity to public transportation like the Kovan Mass Rapid Transit terminal including main roads along with highways for example, the PIE, Central Expressway and Kallang-Paya Lebar Expressway. It is at the same time a quick ride to the CBD as well as the Orchard Road shopping street.
The bid for Jansen Mansions closes on 23 Mar ’21.