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

In addition to the 71 household units offered, 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.

Situated throughout Upper East Coast Road in District 16, Bagnall Haus has 113 non commercial units spread across three five-storey blocks on a freehold location 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 normal negotiated cost of $2,490 psf was additionally “convincing for a well-located estate project”, indicates Gafoor. “Buyers saw value in the venture, mainly thinking about that some 99-year leasehold brand-new release in the Outside Central Region (OCR)– including Chuan Park– had actually already gotten to a standard price of $2,579 psf when it was introduced in November 2024.”

” Buyers were predominantly owner-occupiers,” claims Marcus Chu, Chief Executive Officer of ERA Singapore. Whilst some were homeowners of much older landed real estates seeking to scale down right into more recent and more manageable apartment or condos, others were family members from the neighborhood seeking to upgrade to a freehold property, he adds.

” Pent-up need, coming from a 15-year delay for a new venture in the area, along with its property period, helped drive sales at Bagnall Haus,” says Mark Yip, Chief Executive Officer of Huttons Asia. “It is also unusual to discover an estate venture right beside an MRT terminal. Buyers recognised the prospective benefits of the upcoming transformation of the Bayshore precinct.”

According to Chu, Bagnall Haus take advantage of its proximity to established services and trusted institutions, providing Temasek Primary School, which is within a 1km radius.

Teo Hong Lim, exec chairman of property builder Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, an estate residence, were sold on Jan 18, the very first day of its start. This equates to a sales rate of nearly 63%, with a common transacted rate of $2,490 psf.

Lakegarden Residences price

Ismail Gafoor, Chief Executive Officer of PropNex, claims that of the 71 residential units sold at 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 sale, with 18 of 20 units got at rates ranging from $2.3 million to $2.7 million. The remaining 4- and five-bedroom unit kinds cost around $3 million to $3.8 million.

” We believe that the rates, normally in the wonderful spot of under $3 million, entice a lot of customers,” states Gafoor.

The property development is also inside 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 Terminal, which will belong to an integrated transportation hub presenting a new bus shift within the upcoming Bayshore precinct. This transport center will definitely also become part of a mixed-use advancement incorporating retail and residential factors.

According to Teo, beyond 90% of the buyers were Singaporeans. “Most of them were actually end-users with assorting budgets,” he claimed. The take-up figure was strong across all unit kinds, with two- and three-bedroom units being the most popular. Nevertheless, there was also demand for the bigger five-bedroom units, he added


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