Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Ismail Gafoor, CEO of PropNex, claims that of the 71 non commercial units marketed at Bagnall Haus, around 59% were one- and two-bedroom units that brought costs just below $2.1 million. He includes that the three-bedroom units were also in high sale, with 18 of 20 units purchased at prices varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit kinds sold for around $3 million to $3.8 million.
In addition to the 71 non commercial units marketed, both strata-titled store units on the ground floor of Bagnall Haus, each estimating 172 sq ft, have also been purchased for $688,000 ($ 4,000 psf) each.
According to Teo, more than 90% of the purchasers were Singaporeans. “A lot of them were end-users with assorting budget plans,” he claimed. The take-up figure was strong across all unit kinds, with 2- and three-bedroom units being the most popular. Nonetheless, there was even interest for the bigger five-bedroom units, he added
According to Chu, Bagnall Haus benefits from its distance to developed features and respectable institutions, providing Temasek Primary School, which is within a 1km distance.
The property development is in addition within walking distance of the upcoming Sungei Bedok MRT Station, an interchange for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, that will be part of an incorporated transport center featuring a brand-new bus interchange within the upcoming Bayshore precinct. This transport hub will additionally be part of a mixed-use development incorporating retail and residential components.
The regular transacted rate of $2,490 psf was also “compelling for a well-located property project”, indicates Gafoor. “Buyers saw worth in the venture, particularly considering that some 99-year leasehold new launches in the Outside Central Region (OCR)– such as Chuan Park– had actually already gotten to a fair value of $2,579 psf when it was introduced in November 2024.”
” We believe that the pricing, normally in the wonderful place of under $3 million, appeals to most purchasers,” says Gafoor.
” Buyers were mainly owner-occupiers,” states Marcus Chu, Chief Executive Officer of ERA Singapore. Whilst some were homeowners of much older landed properties wanting to downsize right into more recent and more convenient apartments, others were households from the area seeking to upgrade to a freehold property, he includes.
Found along Upper East Coast Roadway in District 16, Bagnall Haus has 113 residential units spread across 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.
Teo Hong Lim, executive director of property developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, a freehold residence, were sold off on Jan 18, the first day of its start. This translates to a sales rate of nearly 63%, with a regular negotiated rate of $2,490 psf.
” Pent-up need, originating from a 15-year wait for a brand-new venture in the location, together with its freehold tenure, helped drive sales at Bagnall Haus,” claims Mark Yip, CEO of Huttons Asia. “It is also rare to find a property project right beside an MRT terminal. Buyers recognised the potential benefits of the upcoming change of the Bayshore precinct.”
