Investment, Property News

The owners of Jansen Mansions made their second attempt at collective sale

After falling short in their first bid in 2018, the proprietors of Jansen Mansions made their 2nd effort at a cumulative sale, with the reserve rate decreased from $22 million to $19.8 million, reported Singapore Business Review citing PropNex.

The $19.8 million price exercises to a land price of $879 per sq ft per story ratio (psf ppr), inclusive of the development charge as well as the 7% reward porch space.

Situated at 25 Jansen Roadway within the Kovan location, Jansen Mansions occupy 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 residential usage under the 2019 Plan of attack with a story proportion of 1.4. Its gross floor area (GFA) stands at regarding 2,158.1 sq m or around 2,309.2 sq m (24,855.9 sf ft) including the bonus offer veranda area.

The website delights in simple accessibility to public transport like the Kovan MRT station along with main roads as well as expressways such as the Pan Island Expressway, Central Expressway, Sentosadining, and Kallang-Paya Lebar Expressway. It is additionally a brief drive to the Central Downtown as well as the Orchard Road buying belt.

The tender for Jansen Mansions closes on 23 March.

The owners also bid for avenue south residence so check out avenue south residence showflat before visiting.