Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf

The property development is in addition inside walking range of the upcoming Sungei Bedok MRT Station, a shift for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, which will belong to an incorporated transportation hub providing a new bus interchange within the upcoming Bayshore precinct. This transport center will definitely additionally belong to a mixed-use advancement incorporating retail and residential parts.

” Pent-up demand, coming from a 15-year hold-up for a new project in the location, in addition to its property period, helped drive sales at Bagnall Haus,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “It is also unusual to find an estate project right alongside an MRT station. Purchasers recognised the possible benefits of the upcoming makeover of the Bayshore precinct.”

According to Chu, Bagnall Haus take advantage of its closeness to developed features and respectable colleges, providing Temasek Primary School, which is inside a 1km span.

Teo Hong Lim, executive director of property developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, an estate condo, were sold on Jan 18, the very first day of its launch. This equates to a sales rate of almost 63%, with a regular transacted price of $2,490 psf.

According to Teo, more than 90% of the customers were Singaporeans. “A lot of them were actually end-users with assorting budgets,” he said. The take-up rate was sturdy across all unit kinds, with 2- and three-bedroom units being the most preferred. Nevertheless, there was as well need for the larger five-bedroom units, he added

” We believe that the prices, generally in the wonderful place of under $3 million, entice many buyers,” states Gafoor.

Situated along Upper East Coast Roadway in District 16, Bagnall Haus has 113 non commercial units spread out across three five-storey blocks on a freehold 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.

Terra Hill condominium

Along with the 71 household units sold, both strata-titled store 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 regular worked out rate of $2,490 psf was additionally “convincing for a well-located property development”, notes Gafoor. “Buyers saw value in the project, particularly thinking about that some 99-year leasehold brand-new release in the Outside Central Region (OCR)– such as Chuan Park– had already reached a fair pricing of $2,579 psf when it was introduced in November 2024.”

Ismail Gafoor, CEO of PropNex, claims that of the 71 residential units cost Bagnall Haus, around 59% were one- and two-bedroom units that fetched rates just below $2.1 million. He adds that the three-bedroom units were also in high claim, with 18 of 20 units grabbed at prices ranging from $2.3 million to $2.7 million. The standing four- and five-bedroom unit types cost around $3 million to $3.8 million.

” Property buyers were mostly owner-occupiers,” claims Marcus Chu, CEO of ERA Singapore. While some were homeowners of much older landed real estates wanting to downsize into newer and more workable houses, others were households from the area seeking to improve to a freehold property, he includes.


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