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

The development is also within walking distance of the upcoming Sungei Bedok MRT Terminal, a shift for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will belong to an integrated transport center featuring a brand-new bus shift within the upcoming Bayshore precinct. This transport center will definitely also become part of a mixed-use growth incorporating retail and residential factors.

” Buyers were primarily owner-occupiers,” claims Marcus Chu, CEO of ERA Singapore. While some were property owners of much older landed properties wanting to scale down into more recent and more manageable homes, others were families from the neighborhood seeking to improve to a freehold property, he includes.

” We believe that the prices, usually in the wonderful place of under $3 million, attract most purchasers,” claims Gafoor.

Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units cost Bagnall Haus, about 59% were one- and two-bedroom units that fetched costs simply below $2.1 million. He includes that the three-bedroom units were also in high sale, with 18 of 20 units grabbed at costs ranging from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit kinds cost around $3 million to $3.8 million.

Lumina Grand condo

According to Chu, Bagnall Haus gain from its closeness to established facilities and trusted schools, including Temasek Primary School, that is within a 1km span.

According to Teo, over 90% of the purchasers were Singaporeans. “Most of them were end-users with varying budget plans,” he said. The take-up rate was good across all unit kinds, with 2- and three-bedroom units being one of the most preferred. Nonetheless, there was also interest for the larger five-bedroom units, he added

Teo Hong Lim, exec chairman of real estate developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, a freehold condominium, were sold on Jan 18, the initial day of its launch. This equates to a sales rate of close to 63%, with a regular negotiated rate of $2,490 psf.

In addition to the 71 household units sold, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been snapped up for $688,000 ($ 4,000 psf) each.

The average worked out rate of $2,490 psf was additionally “engaging for a well-located freehold project”, notes Gafoor. “Buyers observed worth in the project, mainly thinking about that some 99-year leasehold brand-new launches in the Outside Central Region (OCR)– such as Chuan Park– had actually currently hit a fair value of $2,579 psf when it was launched in November 2024.”

Located along Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread 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.

” Pent-up need, stemming from a 15-year hold-up for a new project in the location, together with its freehold tenure, assisted drive sales at Bagnall Haus,” says Mark Yip, CEO of Huttons Asia. “It is also rare to discover an estate project right alongside an MRT station. Purchasers identified the potential advantages of the upcoming transformation of the Bayshore precinct.”


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