Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
The normal worked out price of $2,490 psf was also “engaging for a well-located estate project”, notes Gafoor. “Buyers observed value in the project, mainly thinking about that some 99-year leasehold new launches in the Outside Central Region (OCR)– such as Chuan Park– had actually already reached a fair pricing of $2,579 psf when it was launched in November 2024.”
Ismail Gafoor, CEO of PropNex, claims that of the 71 residential units cost Bagnall Haus, approximately 59% were one- and two-bedroom units that brought prices just listed below $2.1 million. He includes that the three-bedroom units were also in high demand, with 18 of 20 units grabbed at rates ranging 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.
According to Chu, Bagnall Haus gain from its proximity to established amenities and credible colleges, providing Temasek Primary School, that is throughout a 1km span.
In addition to the 71 household units sold, both strata-titled shop units on the ground level of Bagnall Haus, each measuring 172 sq ft, have also been purchased for $688,000 ($ 4,000 psf) each.
” Buyers were predominantly owner-occupiers,” claims Marcus Chu, CEO of ERA Singapore. While some were homeowners of much older landed properties wanting to downsize into newer and more manageable apartments, others were family members from the neighborhood seeking to enhancement to a freehold property, he adds.
” Pent-up need, stemming from a 15-year delay for a brand-new project in the location, along with its property tenure, helped drive sales at Bagnall Haus,” states Mark Yip, Chief Executive Officer of Huttons Asia. “It is also rare to find a property project right beside an MRT stop. Purchasers recognised the possible benefits of the upcoming change of the Bayshore precinct.”
According to Teo, more than 90% of the purchasers were Singaporeans. “The majority of them were actually end-users with varying spending plans,” he claimed. The take-up rate was good across all unit kinds, with 2- and three-bedroom units being the most prominent. Nonetheless, there was as well interest for the bigger five-bedroom units, he added
The development is also inside walking range of the upcoming Sungei Bedok MRT Station, an interchange for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, which will belong to an incorporated transport center presenting a brand-new bus interchange within the upcoming Bayshore precinct. This transport center will definitely additionally become part of a mixed-use growth integrating retail and residential parts.
” We believe that the prices, generally in the wonderful spot of under $3 million, entice the majority of purchasers,” claims Gafoor.
Teo Hong Lim, exec director of real estate developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, an estate condominium, were sold off on Jan 18, the initial day of its start. This translates to a sales rate of close to 63%, with a common negotiated rate of $2,490 psf.
Located along Upper East Coast Road in District 16, Bagnall Haus has 113 residential units spread out across 3 five-storey blocks on a property 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.