Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
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 initial day of its release. This translates to a sales rate of almost 63%, with a common negotiated rate of $2,490 psf.
The average transacted rate of $2,490 psf was also “engaging for a well-located property development”, indicates Gafoor. “Purchasers saw value in the venture, mainly considering that some 99-year leasehold brand-new launches in the Outside Central Region (OCR)– including Chuan Park– had already hit a standard price of $2,579 psf when it was introduced in November 2024.”
The development is in addition inside walking distance of the upcoming Sungei Bedok MRT Terminal, an interchange for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Terminal, which will be part of an integrated transport hub presenting a new bus shift within the upcoming Bayshore precinct. This transport center will likewise be part of a mixed-use growth integrating retail and residential factors.
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According to Teo, over 90% of the customers were Singaporeans. “A lot of them were actually end-users with varying budget plans,” he said. The take-up rate was sturdy across all unit kinds, with 2- and three-bedroom units being one of the most popular. Nonetheless, there was as well need for the bigger five-bedroom units, he added
Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units cost Bagnall Haus, around 59% were one- and two-bedroom units that brought costs just listed below $2.1 million. He includes that the three-bedroom units were also in high sale, with 18 of 20 units grabbed at costs 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.
” We believe that the rates, usually in the sweet place of under $3 million, appeals to many customers,” states Gafoor.
” Buyers were mainly owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. While some were homeowners of much older landed real estates looking to downsize right into newer and more convenient homes, others were families from the area seeking to improve to a freehold property, he adds.
” Pent-up demand, stemming from a 15-year wait for a new venture in the location, along with its freehold tenure, helped drive sales at Bagnall Haus,” claims Mark Yip, CEO of Huttons Asia. “It is also rare to locate a property venture right alongside an MRT stop. Buyers identified the potential benefits of the upcoming makeover of the Bayshore precinct.”
Along with the 71 residential units offered, both strata-titled shop units on the ground level of Bagnall Haus, each estimating 172 sq ft, have also been bought for $688,000 ($ 4,000 psf) each.
Situated throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 residential units spread out across three five-storey blocks on an estate 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.
According to Chu, Bagnall Haus benefits from its distance to developed services and credible colleges, including Temasek Primary School, which is within a 1km radius.
