Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of failing in the condominium’s initial proposal in ’18, the proprietors of Jansen Mansions carried through their second effort at an en-bloc, by having the reserve rate shaved coming from $22 million to $19.8 mil, stated SGP Biz Review citing PropNex.
The $Nineteen point Eight mil rate calculates to a land rate of $8hundred 79 psf per plot ratio, inclusive of the development charge as well as the seven percent bonus patio space.
Situated at Twenty Five Jansen Road inside the Kovan area, Jansen Mansions dwell in a 1thousand 5hundred 41.5 square meter area which has a 999 years leasing term that starts from 1 September 1876.
The spot is zoned for personal use under the 2019 Master Plan with a GPR of 1.4. Its GFA stands at almost 2thousand 1hundred 58.1 sq m or approximately 2thousand 3hundred 09.2 square meter consisting of the benefit balcony area.
The plot enjoys effortless passage to communal travel like the Kovan MRT terminal as well as main rds and expressways for example, the Pan Island Expressway, Central Expressway and KPE. It is also a quick trip to the Central Business District and the Orchard Rd retail therapy street.
The tender for Jansen Mansions concludes on 23March2021.