Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Following falling short during their very first tender in ’18, the owners of Jansen Mansions carried out their second shot at an en-bloc, with the minimum cost scaled down coming from $Twenty-two million to $Nineteen point Eight million, declared Singapore Business Review citing PropNex.
The $19.8 million cost formulates to a land rate of $8hundred 79 psf per plot ratio, inclusive of the development fee and the 7 % incentive patio area.
Situated at Twenty Five Jansen Road in the Kovan community, Jansen Mansions occupy a 1,541.5 square m spot which owns a 999-year leasing tenure that starts from 1 September 1876.
The site is zoned for personal use under the 2019 Master Plan including a GPR of One point Four. Its GFA stands at approximately 2,158.1 square m or more or less 2,309.2 square m incorporating the reward balcony space.
The plot appreciates quick access to public transport like the Kovan MRT station together with major roads along with highways namely the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is also a quick trip to the CBD also the Orchard Road retail therapy belt.
The tender for Jansen Mansions concludes on 23 March 2K21.