The owners of Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
After falling short in their first bid in 2018, the owners of Jansen Mansions made their second attempt at a collective sale, with the reserve price reduced from $22 million to $19.8 million, reported Singapore Company Evaluation pointing out PropNex.
The $19.8 million cost works out to a land rate of $879 per sq ft per story proportion (psf ppr), inclusive of the development fee as well as the 7% perk veranda space.
Situated at 25 Jansen Roadway within the Kovan location, Jansen Mansions inhabit a 1,541.5 sq m site that has a 999-year leasehold tenure that starts from 1 September 1876.
The website is zoned for property use under the 2019 Master Plan with a plot proportion of 1.4. Its gross flooring area (GFA) stands at about 2,158.1 sq m or around 2,309.2 sq m (24,855.9 sq ft) including the incentive balcony room.
The website delights in simple accessibility to public transportation like the Kovan MRT station in addition to highways as well as expressways such as the Frying Pan Island Expressway, Central Expressway as well as Kallang-Paya Lebar Expressway. It is additionally a short drive to the Central Downtown and also the Orchard Road buying belt.
The tender for Jansen Mansions closes on 23 March.
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