Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units sold at Bagnall Haus, approximately 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 snapped up at costs varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit kinds cost around $3 million to $3.8 million.
According to Chu, Bagnall Haus gain from its closeness to developed features and trusted schools, including Temasek Primary School, that is throughout a 1km span.
” Buyers were mainly owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. Whilst some were homeowners of much older landed properties seeking to scale down right into more recent and more manageable apartments, others were families from the area seeking to improve to a freehold property, he includes.
” Pent-up need, originating from a 15-year delay for a brand-new venture in the location, in addition to its freehold period, helped drive sales at Bagnall Haus,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “It is also unusual to discover an estate project right next to an MRT station. Purchasers recognised the potential benefits of the upcoming transformation of the Bayshore precinct.”
” We believe that the rates, usually in the pleasant area of under $3 million, attract many purchasers,” says Gafoor.
The average worked out price of $2,490 psf was additionally “convincing for a well-located freehold development”, indicates Gafoor. “Buyers saw value in the venture, mainly thinking about that some 99-year leasehold new release in the Outside Central Region (OCR)– including Chuan Park– had actually already hit a standard pricing of $2,579 psf when it was introduced in November 2024.”
In addition to the 71 residential units marketed, both strata-titled shop units on the ground level of Bagnall Haus, each measuring 172 sq ft, have also been grabbed for $688,000 ($ 4,000 psf) each.
According to Teo, over 90% of the buyers were Singaporeans. “A lot of them were actually end-users with assorting budgets,” he claimed. The take-up rate was strong across all unit kinds, with 2- and three-bedroom units being one of the most preferred. Nevertheless, there was also demand for the larger five-bedroom units, he added
Teo Hong Lim, exec chairman of property 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 nearly 63%, with an average transacted cost of $2,490 psf.
Situated around Upper East Coast Road in District 16, Bagnall Haus has 113 non commercial 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.
The development is in addition within walking range of the upcoming Sungei Bedok MRT Station, an interchange for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will be part of an integrated transport center presenting a new bus interchange within the upcoming Bayshore precinct. This transport hub will additionally belong to a mixed-use growth integrating retail and home factors.