Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following failing in their very first proposal in 2K18, the proprietors of Jansen Mansions carried out their second effort at an en-bloc, with the reserve price marked down from $Twenty-two million to $19.8 mil, stated SGP Business Review extracting PropNex.
The $19.8 mil rate formulates to a land figure of $879 psf ppr, inclusive of the development cost including the 7 % bonus offer veranda space.
Situated at Twenty Five Jansen Rd inside the Kovan location, Jansen Mansions hold a 1,541.5 square m site that possesses a Nine hundred Ninety-nine years leasehold period in which commences from 1Sept 1876.
The location is sector for personal usage under the 2K19 Master Plan by having a GPR of One point Four. Its gross floor area stands at around 2thousand 1hundred 58.1 square meter or just about 24thousand 8hundred 55.9 square ft incorporating the bonus offer patio space.
The location enjoys quick access to communal travelling like the Kovan MRT station and also major rds including highways such as the Pan Island Expressway, Central Expressway and KPE. It is at the same time a brief drive to the Central Business District and also the Orchard Rd retail therapy street.
The offer for Jansen Mansions wraps up on 23March2021.