Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Situated throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread out across three five-storey blocks on a freehold site of 74,280 sq ft. Units are a mix of one-bedroom plus flexi of 495 sq ft and five-bedrooms of 1,528 sq ft.
According to Chu, Bagnall Haus take advantage of its closeness to developed services and reputable institutions, including Temasek Primary School, that is throughout a 1km distance.
In addition to the 71 residential units marketed, both strata-titled shop units on the ground level of Bagnall Haus, each measuring 172 sq ft, have also been bought for $688,000 ($ 4,000 psf) each.
The development is in addition within walking distance of the upcoming Sungei Bedok MRT Terminal, a shift for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Terminal, that will belong to an integrated transport center featuring a brand-new bus shift within the upcoming Bayshore precinct. This transport center will definitely also belong to a mixed-use growth incorporating retail and housing parts.
” Pent-up demand, coming from a 15-year hold-up for a new project in the location, along with its property period, helped drive sales at Bagnall Haus,” states Mark Yip, CEO of Huttons Asia. “It is also rare to locate a freehold project right next to an MRT station. Purchasers recognised the possible benefits of the upcoming change of the Bayshore precinct.”
The regular negotiated cost of $2,490 psf was likewise “engaging for a well-located property project”, notes Gafoor. “Buyers saw worth in the project, particularly considering that some 99-year leasehold new release in the Outside Central Region (OCR)– including Chuan Park– had currently reached an average pricing of $2,579 psf when it was released in November 2024.”
Ismail Gafoor, Chief Executive Officer of PropNex, states that of the 71 residential units cost Bagnall Haus, about 59% were one- and two-bedroom units that brought rates simply below $2.1 million. He includes that the three-bedroom units were also in high sale, with 18 of 20 units got at rates varying from $2.3 million to $2.7 million. The remaining 4- and five-bedroom unit kinds sold for around $3 million to $3.8 million.
” We believe that the pricing, typically in the sweet place of under $3 million, attract a lot of purchasers,” claims Gafoor.
According to Teo, beyond 90% of the purchasers were Singaporeans. “A lot of them were end-users with assorting spending plans,” he claimed. The take-up figure was strong throughout all unit kinds, with two- and three-bedroom units being the most prominent. However, there was as well interest for the larger five-bedroom units, he included
Teo Hong Lim, executive chairman of property developer Roxy-Pacific Holdings, announced that 71 out of 113 units at Bagnall Haus, a freehold condo, were sold off on Jan 18, the very first day of its launch. This translates to a sales rate of close to 63%, with an average transacted price of $2,490 psf.
” Buyers were primarily owner-occupiers,” claims Marcus Chu, Chief Executive Officer of ERA Singapore. While some were property owners of much older landed properties looking to scale down right into more recent and more manageable apartment or condos, others were families from the neighborhood seeking to enhancement to a freehold property, he includes.
