Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
The property development is in addition inside walking range 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 belong to an incorporated transportation hub presenting a new bus shift within the upcoming Bayshore precinct. This transportation center will definitely likewise belong to a mixed-use development integrating retail and residential components.
” Pent-up demand, coming from a 15-year wait for a new venture in the location, in addition to its property period, assisted drive sales at Bagnall Haus,” states Mark Yip, CEO of Huttons Asia. “It is also rare to locate a freehold venture right next to an MRT terminal. Purchasers identified the potential advantages of the upcoming transformation of the Bayshore precinct.”
According to Chu, Bagnall Haus take advantage of its proximity to developed services and reliable institutions, including Temasek Primary School, that is within a 1km span.
Situated along Upper East Coast Roadway in District 16, Bagnall Haus has 113 non commercial units spread out across 3 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.
Ismail Gafoor, Chief Executive Officer of PropNex, claims that of the 71 residential units cost Bagnall Haus, about 59% were one- and two-bedroom units that brought costs simply listed below $2.1 million. He includes that the three-bedroom units were also in high demand, with 18 of 20 units got 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.
Grand Dunman showflat location
The regular worked out cost of $2,490 psf was also “engaging for a well-located property development”, indicates Gafoor. “Customers viewed worth in the project, particularly thinking about that some 99-year leasehold new launches in the Outside Central Region (OCR)– such as Chuan Park– had actually currently gotten to a standard pricing of $2,579 psf when it was released in November 2024.”
” Buyers were mainly owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. Whilst some were property owners of older landed real estates seeking to scale down into newer and more convenient apartments, others were family members from the neighbourhood seeking to improve to a freehold property, he includes.
Teo Hong Lim, executive director of property builder Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, an estate condominium, were sold on Jan 18, the very first day of its launch. This translates to a sales rate of nearly 63%, with an average negotiated price of $2,490 psf.
” We believe that the rates, normally in the wonderful spot of under $3 million, appeals to most customers,” claims Gafoor.
According to Teo, beyond 90% of the buyers were Singaporeans. “A lot of them were end-users with varying budgets,” he claimed. The take-up rate was sturdy across all unit types, with two- and three-bedroom units being the best prominent. However, there was also demand for the larger five-bedroom units, he included
Along with the 71 residential units marketed, both strata-titled store units on the ground level of Bagnall Haus, each estimating 172 sq ft, have also been bought for $688,000 ($ 4,000 psf) each.
