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 Terminal, that will belong to an integrated transport center featuring a new bus shift within the upcoming Bayshore precinct. This transportation center will additionally become part of a mixed-use growth integrating retail and home factors.
” Pent-up demand, originating from a 15-year delay for a new project in the area, along with its property tenure, assisted drive sales at Bagnall Haus,” says Mark Yip, Chief Executive Officer of Huttons Asia. “It is also uncommon to find an estate project right next to an MRT station. Purchasers recognised the potential advantages of the upcoming improvement of the Bayshore precinct.”
According to Chu, Bagnall Haus gain from its proximity to established features and credible institutions, providing Temasek Primary School, that is inside a 1km span.
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 off on Jan 18, the very first day of its launch. This translates to a sales rate of almost 63%, with an average transacted cost of $2,490 psf.
” We believe that the pricing, usually in the pleasant area of under $3 million, entice most purchasers,” claims Gafoor.
Ismail Gafoor, CEO of PropNex, says that of the 71 non commercial units cost Bagnall Haus, about 59% were one- and two-bedroom units that fetched costs just below $2.1 million. He adds 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 types sold for around $3 million to $3.8 million.
Located throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread out across 3 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.
According to Teo, beyond 90% of the customers were Singaporeans. “The majority of them were end-users with varying spending plans,” he stated. The take-up figure was sturdy across all unit kinds, with 2- and three-bedroom units being the most popular. Nevertheless, there was also need for the bigger five-bedroom units, he added
Along with the 71 non commercial units marketed, both strata-titled shop units on the ground floor of Bagnall Haus, each estimating 172 sq ft, have also been bought for $688,000 ($ 4,000 psf) each.
” Homebuyers were mainly owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. While some were property owners of older landed properties looking to downsize into more recent and more workable apartments, others were families from the neighborhood seeking to improve to a freehold property, he adds.
The normal negotiated price of $2,490 psf was additionally “compelling for a well-located estate project”, indicates Gafoor. “Buyers viewed value in the venture, mainly considering that some 99-year leasehold new launches in the Outside Central Region (OCR)– such as Chuan Park– had currently hit an average value of $2,579 psf when it was introduced in November 2024.”
