Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
As a result of falling short in their first proposal in 2K18, the owners of Jansen Mansions carried out their 2nd effort at a collective sale, with the minimum cost reduced from $Twenty-two million to $Nineteen point Eight million, reported S’pore Biz Review reciting PropNex.
The $Nineteen point Eight million amount works out to a land price of $Eight hundred Seventy-nine psf ppr, inclusive of the development cost including the seven % bonus offer balcony area.
Positioned at Twenty Five Jansen Rd within the Kovan vicinity, Jansen Mansions utilize a 1thousand 5hundred 41.5 sq m spot that provides a 999-year leasing period in which starts from 1Sept 1876.
The site is target for home use in the 2K19 Master Plan with a GPR of One point Four. Its gross floor area stands at roughly 2thousand 1hundred 58.1 square meter or more or less 2,309.2 sq meter consistsing of the bonus offer patio area.
The spot appreciates manageable accessibility to public transport like the Kovan Mass Rapid Transit terminal as well as major roads and also expressways for instance, the Pan Island Expressway, CTE and KPE. It is also a short commute to the CBD also the Orchard Rd shopping street.
The bid for Jansen Mansions terminates on 23 Mar ’21.