Jansen Mansions Sold En Bloc To Macly Capital at S$19.1 million
After securing a deal for the Lakeside Apartments site last month, PropNex sealed another deal for the Jansen Mansions site this time.
Marketing agent PropNex Realty reported on Wednesday (Jun 29) that Jansen Mansions site has sold en bloc to Macly Capital in a public tender for S$19.1 million.
The sale price is slightly more than the reserve price of S$18.9 million, at which the tender was launched on June 28.
The land rate based on the sale price works out to S$863 psf ppr that includes development charges and after factoring in 7% bonus balcony space.
“This year, we witnessed higher interest in this plot of land compared to last year,” said Tracy Goh, head of investment and collective sales at PropNex.
She added that the tenure of the 999-year land lease, the reasonable quantum, and the development location between Serangoon and Kovan, two well-established neighbourhoods, were some of Jansen Mansions’ appealing qualities.
Jansen Mansions owners’ first try their luck at a collective sale was in 2018 with a reserve price of S$22 million.
Early last year, the owners attempted a second collective sale; the reserve price was set at S$19.8 million; it was then lowered to S$18.5 million in a new tender announcement in August 2021.
This time around, they found success thanks to ongoing robust residential sales and hungry developers looking for new land with their stocks extremely low currently.
Jansen Mansions Sale Site Information
The 12-unit residential development at 25 Jansen Road has a gross floor area (GFA) of approximately 23,229.8 square feet and a plot ratio of 1.4.
It is situated on approximately 16,592.7 square feet (sq ft) of land. It has a 999-year leasehold tenure and is only permitted for residential use.
The Jansen Mansions enbloc site is surrounded with plenty of amenities and a new developed project here will surely attract home buyers to it.
Its close proximity to NEX Mega Mall, Singapore’s largest heartland mall, makes it a popular choice for shoppers and diners; it houses over 100 retail and food outlets.
It is especially well-liked by locals in the Serangoon, Hougang, Sengkang, and Punggol areas.
The new mega polyclinic, probably the largest in Singapore, will be completed by 2025 and will be constructed next to NEX, as announced by the government recently.
This will definitely boost the attractiveness of the area and bring more sales to any new project developed around it.
As new home buyers demand full range of amenities around their new living apartments and a world class medical facility nearby will be one of their deciding factors.
There are also plenty of reputed schools/colleges that serve the area, namely Rosyth School, Yangzhen Primary, St Gabriel’s Primary, Zhonghua Primary and Nanyang Junior College.
These schools alone will appeal to many young families out there.
International French School, Hillside World Academy, and Australian International are also found in the vicinity.
Jansen Mansion En Bloc All Details
