Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Situated along Upper East Coast Road in District 16, Bagnall Haus has 113 non commercial units spread throughout three five-storey blocks on an estate 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 benefits from its closeness to established amenities and trustworthy institutions, providing Temasek Primary School, which is within a 1km radius.
” Pent-up demand, coming from a 15-year delay for a brand-new project in the location, along with its freehold tenure, assisted drive sales at Bagnall Haus,” states Mark Yip, Chief Executive Officer of Huttons Asia. “It is also rare to find a property venture right beside an MRT terminal. Purchasers identified the potential benefits of the upcoming improvement of the Bayshore precinct.”
The property 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 just one stop from Bedok South MRT Terminal, which will be part of an integrated transport center providing a new bus shift within the upcoming Bayshore precinct. This transport center will additionally belong to a mixed-use advancement integrating retail and home components.
” Property buyers were mainly owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. Whilst some were property owners of older landed properties looking to downsize into more recent and more workable houses, others were families from the area seeking to upgrade to a freehold property, he adds.
According to Teo, over 90% of the buyers were Singaporeans. “Most of them were actually end-users with varying budgets,” he claimed. The take-up figure was good throughout all unit types, with 2- and three-bedroom units being the most preferred. Nevertheless, there was even demand for the larger five-bedroom units, he added
Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units cost Bagnall Haus, around 59% were one- and two-bedroom units that brought prices simply listed below $2.1 million. He adds that the three-bedroom units were also in high claim, with 18 of 20 units purchased 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 Arcady @ Boon Keng Singapore
” We believe that the pricing, typically in the sweet area of under $3 million, attract many customers,” states Gafoor.
Along with the 71 non commercial units marketed, both strata-titled store units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been purchased for $688,000 ($ 4,000 psf) each.
The normal negotiated cost of $2,490 psf was likewise “convincing for a well-located estate development”, notes Gafoor. “Purchasers saw value in the venture, especially thinking about that some 99-year leasehold new release in the Outside Central Region (OCR)– such as Chuan Park– had currently gotten to a fair value of $2,579 psf when it was launched in November 2024.”
Teo Hong Lim, exec chairman of property developer Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, an estate condo, were sold on Jan 18, the initial day of its start. This translates to a sales rate of nearly 63%, with a common transacted cost of $2,490 psf.
