Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Located around Upper East Coast Roadway in District 16, Bagnall Haus has 113 non commercial units spread across 3 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 gain from its proximity to developed amenities and respectable institutions, including Temasek Primary School, that is throughout a 1km radius.
According to Teo, beyond 90% of the buyers were Singaporeans. “Most of them were end-users with assorting budget plans,” he claimed. The take-up figure was good across all unit kinds, with 2- and three-bedroom units being the best prominent. Nonetheless, there was even demand for the bigger five-bedroom units, he added
The development is in addition within walking distance of the upcoming Sungei Bedok MRT Terminal, an interchange for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Terminal, that will belong to an incorporated transportation center presenting a new bus interchange within the upcoming Bayshore precinct. This transport hub will additionally become part of a mixed-use growth incorporating retail and residential factors.
Ismail Gafoor, Chief Executive Officer of PropNex, states that of the 71 non commercial units cost Bagnall Haus, approximately 59% were one- and two-bedroom units that brought rates simply listed below $2.1 million. He includes that the three-bedroom units were also in high sale, with 18 of 20 units bought at rates ranging from $2.3 million to $2.7 million. The remaining four- and five-bedroom unit types sold for around $3 million to $3.8 million.
The regular negotiated rate of $2,490 psf was likewise “engaging for a well-located freehold development”, indicates Gafoor. “Customers saw value in the venture, especially thinking about that some 99-year leasehold new launches in the Outside Central Region (OCR)– including Chuan Park– had actually already hit a fair pricing of $2,579 psf when it was launched in November 2024.”
” Pent-up demand, stemming from a 15-year delay for a new venture in the area, along with its property tenure, assisted drive sales at Bagnall Haus,” states Mark Yip, Chief Executive Officer of Huttons Asia. “It is also uncommon to find an estate project right beside an MRT station. Purchasers identified the possible perks of the upcoming improvement of the Bayshore precinct.”
” We believe that the prices, generally in the pleasant place of under $3 million, appeals to many purchasers,” states Gafoor.
Teo Hong Lim, executive director of property builder Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, an estate condominium, were sold off on Jan 18, the first day of its start. This interprets to a sales rate of nearly 63%, with a common negotiated cost of $2,490 psf.
” Homebuyers were predominantly owner-occupiers,” claims Marcus Chu, CEO of ERA Singapore. While some were property owners of older landed real estates looking to downsize into more recent and more workable houses, others were family members from the neighbourhood seeking to improve to a freehold property, he adds.
In addition to the 71 residential units offered, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been gotten for $688,000 ($ 4,000 psf) each.
