Jansen Mansions Goes En Bloc Again, With Lower Reserve Price
Because of flopping in their very first offer in 2K18, the proprietors of Jansen Mansions acted their 2nd try at a collective sale, by having the minimum cost cut back coming from $22 million to $Nineteen point Eight mil, published SGP Business Review citing PropNex.
The $19.8 mil value puts together to a land figure of $879 per square foot ppr, adding in of the dev cost along with the 7 % perk veranda space.
Located at Twenty Five Jansen Road in the Kovan neighborhood, Jansen Mansions utilize a 1,541.5 sq meter area which comes with a 999-year leasing period which commences from 1 September 1876.
The spot is sector for home application under the 2K19 Master Plan including a GPR of 1.4. Its gross floor area rises at approximately 2,158.1 square meter or close to 2thousand 3hundred 09.2 square m incorporating the bonus offer patio area.
The location gets quick access to public transit like the Kovan Mass Rapid Transit station in addition to main rds and expressways for instance, the Pan Island Expressway, CTE and Kallang-Paya Lebar Expressway. It is furthermore a short drive to the Central Business District and the Orchard Rd shopping street.
The bid for Jansen Mansions ends on 23Mar ’21.