Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Along with the 71 non commercial units offered, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been grabbed for $688,000 ($ 4,000 psf) each.
” Pent-up need, originating from a 15-year delay for a brand-new project in the location, along with its freehold period, assisted drive sales at Bagnall Haus,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “It is also uncommon to locate a freehold project right alongside an MRT terminal. Purchasers identified the prospective advantages of the upcoming change of the Bayshore precinct.”
The regular transacted rate of $2,490 psf was likewise “convincing for a well-located estate development”, indicates Gafoor. “Purchasers saw value in the venture, particularly considering that some 99-year leasehold new release in the Outside Central Region (OCR)– such as Chuan Park– had currently reached a fair price of $2,579 psf when it was released in November 2024.”
Ismail Gafoor, CEO of PropNex, states that of the 71 residential units cost Bagnall Haus, around 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 got at prices varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit types cost around $3 million to $3.8 million.
” We believe that the pricing, normally in the sweet location of under $3 million, entice most purchasers,” states Gafoor.
” Property buyers were primarily owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. Whilst some were homeowners of much older landed properties seeking to downsize into more recent and more convenient homes, others were family members from the neighbourhood seeking to upgrade to a freehold property, he adds.
The development is in addition within walking distance of the upcoming Sungei Bedok MRT Stop, a shift for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, that will be part of an integrated transport hub providing a brand-new bus shift within the upcoming Bayshore precinct. This transportation center will additionally belong to a mixed-use growth integrating retail and home factors.
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Teo Hong Lim, exec chairman of property developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, an estate residence, were sold on Jan 18, the initial day of its launch. This interprets to a sales rate of close to 63%, with a common negotiated price of $2,490 psf.
According to Teo, over 90% of the customers were Singaporeans. “The majority of them were end-users with assorting budgets,” he claimed. The take-up rate was sturdy across all unit types, with 2- and three-bedroom units being the best preferred. However, there was even need for the larger five-bedroom units, he added
Located around Upper East Coast Road in District 16, Bagnall Haus has 113 non commercial units spread out throughout three 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.
According to Chu, Bagnall Haus take advantage of its distance to established amenities and reputable institutions, providing Temasek Primary School, which is throughout a 1km span.