Next to Kovan Jewel - Kovan's Jansen Mansion sold higher at S$19.1 million
Kovan Jewel is a freehold condominium located at 51A Kovan Road in District 19. This brand new will be a prominent landmark set to change the skyline at Kovan. Developed by Soon Lian Realty Pte Ltd, Kovan Jewel is estimated that the property will consist of 34 exclusive apartments.
Kovan Jewel Condo is just a 6-minute walk from Kovan MRT station. Also equipped with synchronous utilities around District 19, when investors can go to Fairprice Finest right opposite to buy groceries, or walk a little further to Heartland Mall kovan to buy groceries which are other facilities and Kovan Sports Center for recreational activities.
Kovan Jewel: a freehold condominium located at 51A Kovan Road
JANSEN Mansions in Kovan were jointly sold to Macly Capital
JANSEN Mansions in Kovan were jointly sold to Macly Capital in a public tender for S$19.1 million, slightly above the starting price of S$18.9 million, marketing agent PropNex Realty announced on Wednesday (June 29). The bidding ended on June 28, following two previous unsuccessful attempts by the owners to jointly sell the property in 2021 and 2018.
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Kovan Jewel located at 51A Kovan Road then JANSEN Mansions is located at 25 Jansen Road, the 12-unit development sits on approximately 16,592.7 square feet (sq ft) of land with a parcel ratio of 1.4 and a gross floor area (GFA) of approximately 23,229.8 square set. It is planned for residential use, with a lease term of 999 years beginning September 1, 1876.
After factoring in the 7% bonus balcony space, the new sale price translates to a land price of S$863 per square foot per lot rate including development fees. The owner's second collective sale early last year had a starting price of S$19.8 million - then dropped to S$18.5 million in a re-bid in August 2021 Jansen Mansions was first put up for collective sale in 2018 with a pre-order price of S$22 million.
Tracy Goh, head of investment and collective sales at PropNex, said: “This year, we saw more interest in the plot than we did last year. Some of the properties of Jansen Mansions that are of interest to interested parties are its 999-year land lease, its small quanta, and its location between the older residential areas of Serangoon and Kovan.
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