Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Situated throughout Upper East Coast Road in District 16, Bagnall Haus has 113 household units spread out across 3 five-storey blocks on an estate place 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.
Ismail Gafoor, Chief Executive Officer of PropNex, says 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 adds that the three-bedroom units were also in high sale, with 18 of 20 units snapped up at costs ranging from $2.3 million to $2.7 million. The standing four- and five-bedroom unit kinds cost around $3 million to $3.8 million.
The development is also within walking range of the upcoming Sungei Bedok MRT Stop, a shift for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, that will belong to an incorporated transport center presenting a brand-new bus interchange within the upcoming Bayshore precinct. This transport center will likewise be part of a mixed-use advancement integrating retail and residential parts.
According to Teo, beyond 90% of the buyers were Singaporeans. “A lot of them were end-users with varying budgets,” he stated. The take-up rate was sturdy throughout all unit types, with 2- and three-bedroom units being one of the most popular. However, there was as well need for the bigger five-bedroom units, he included
” Buyers were primarily owner-occupiers,” says Marcus Chu, Chief Executive Officer of ERA Singapore. Whilst some were property owners of older landed properties looking to downsize into newer and more manageable houses, others were family members from the neighborhood seeking to improve to a freehold property, he includes.
Teo Hong Lim, exec chairman of property developer Roxy-Pacific Holdings, announced that 71 out of 113 units at Bagnall Haus, an estate condo, were sold off on Jan 18, the first day of its start. This equates to a sales rate of almost 63%, with a regular transacted rate of $2,490 psf.
According to Chu, Bagnall Haus benefits from its proximity to established facilities and trusted institutions, providing Temasek Primary School, that is throughout a 1km span.
Along with the 71 non commercial units offered, both strata-titled store units on the ground floor of Bagnall Haus, each estimating 172 sq ft, have also been gotten for $688,000 ($ 4,000 psf) each.
” Pent-up demand, coming from a 15-year wait for a new venture in the location, in addition to its property tenure, assisted drive sales at Bagnall Haus,” claims Mark Yip, CEO of Huttons Asia. “It is also rare to discover a property venture right next to an MRT stop. Purchasers recognised the potential advantages of the upcoming transformation of the Bayshore precinct.”
The normal transacted rate of $2,490 psf was likewise “engaging for a well-located estate project”, indicates Gafoor. “Purchasers observed value in the project, especially thinking about that some 99-year leasehold new launches in the Outside Central Region (OCR)– like Chuan Park– had already reached an average value of $2,579 psf when it was introduced in November 2024.”
” We believe that the prices, usually in the pleasant location of under $3 million, entice many buyers,” claims Gafoor.
