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About Jansen Mansions Collective Sales
After collective sales in 2018 and 2021 both of which failed, Jansen Mansions has been enbloc by Macly Capital for $19.1 million. After June 28th, no further bids were being accepted.
The land rate of $871 psf ppr achieved in this transaction is more than the reserve price of $18.9 million. The transaction was facilitated by PropNex Realty.
Potential of the Site
This 12-unit complex has a total floor space of 23,230 square feet, with the land area taking up 16,593 square feet. According to the URA Master Plan for 2019 (PDF), this area is classified for residential development and has a maximum plot ratio of 1.4.
Jansen Mansions is a residential complex in Kovan that can be reached on foot from the Serangoon MRT Station. The address is 25 Jansen Road (on the North-east Line). Heartland Mall, NEX mall, Chomp Chomp food center, and Serangoon Stadium and Swimming Complex are just few of the local conveniences that are easily accessible. There are also a number of schools in the area, including the Australian International School, Nanyang Junior College, and the Nanyang Primary School and Yangzheng Primary Schools.
The head of investment and collective sales at PropNex, Tracy Goh, explains that the location within the established communities of Serangoon and Kovan presents an opportunity for a boutique residential development that attracts those who want a home in a tranquil and exclusive private residential enclave with access to a variety of amenities.
“Buyers were also drawn to the 999-year leasehold term and the bite size quantity,” she explains.
Jansen Mansions Enbloc
After collective sales in 2018 and 2021 both of which failed, Jansen Mansions has been enbloc by Macly Capital for $19.1 million. After June 28th, no further bids were being accepted.
Product SKU: Jansen Mansions Enbloc
Product Currency: SGD
Product Price: 19100000
Product In-Stock: InStock
