Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Teo Hong Lim, exec director of property builder Roxy-Pacific Holdings, announced that 71 out of 113 units at Bagnall Haus, a freehold condo, were sold off on Jan 18, the very first day of its launch. This equates to a sales rate of close to 63%, with an average negotiated rate of $2,490 psf.
In addition to the 71 non commercial units sold, 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.
” Homebuyers were mainly owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. Whilst some were homeowners of older landed properties seeking to downsize right into newer and more manageable houses, others were households from the area seeking to enhancement to a freehold property, he adds.
The regular negotiated price of $2,490 psf was likewise “convincing for a well-located freehold development”, indicates Gafoor. “Buyers observed worth in the project, especially considering that some 99-year leasehold brand-new launches in the Outside Central Region (OCR)– like Chuan Park– had actually already hit a fair pricing of $2,579 psf when it was introduced in November 2024.”
The development is also within walking distance of the upcoming Sungei Bedok MRT Terminal, a shift for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, which will be part of an incorporated transport center providing a brand-new bus interchange within the upcoming Bayshore precinct. This transportation hub will definitely additionally be part of a mixed-use growth incorporating retail and home parts.
According to Chu, Bagnall Haus gain from its distance to established features and reliable colleges, including Temasek Primary School, which is throughout a 1km distance.
According to Teo, over 90% of the customers were Singaporeans. “A lot of them were actually end-users with assorting spending plans,” he claimed. The take-up figure was sturdy throughout all unit kinds, with two- and three-bedroom units being the best popular. Nonetheless, there was even need for the larger five-bedroom units, he included
Situated along Upper East Coast Road in District 16, Bagnall Haus has 113 residential units spread across 3 five-storey blocks on a freehold site 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.
” Pent-up need, coming from a 15-year wait for a brand-new venture in the location, in addition to its freehold tenure, helped drive sales at Bagnall Haus,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “It is also rare to discover an estate venture right beside an MRT stop. Buyers recognised the possible advantages of the upcoming makeover of the Bayshore precinct.”
Ismail Gafoor, CEO of PropNex, claims that of the 71 residential units reselled at Bagnall Haus, about 59% were one- and two-bedroom units that brought prices just below $2.1 million. He includes that the three-bedroom units were also in high demand, with 18 of 20 units bought at rates varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit types cost around $3 million to $3.8 million.
” We believe that the pricing, usually in the sweet location of under $3 million, appeals to most customers,” states Gafoor.
