Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf

The property development is also within walking range of the upcoming Sungei Bedok MRT Stop, a shift for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Terminal, which will belong to an incorporated transportation center presenting a new bus shift within the upcoming Bayshore precinct. This transport hub will definitely additionally be part of a mixed-use growth incorporating retail and residential parts.

According to Teo, more than 90% of the purchasers were Singaporeans. “Most of them were end-users with assorting budget plans,” he claimed. The take-up figure was good throughout all unit types, with 2- and three-bedroom units being the most popular. Nevertheless, there was as well interest for the larger five-bedroom units, he added

” Pent-up need, coming from a 15-year hold-up for a new project in the location, in addition to its freehold period, helped drive sales at Bagnall Haus,” states Mark Yip, CEO of Huttons Asia. “It is also rare to find a freehold venture right alongside an MRT terminal. Purchasers recognised the potential perks of the upcoming transformation of the Bayshore precinct.”

Situated throughout Upper East Coast Road in District 16, Bagnall Haus has 113 residential units spread throughout three five-storey blocks on a property 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.

According to Chu, Bagnall Haus gain from its distance to established facilities and credible colleges, including Temasek Primary School, which is throughout a 1km distance.

Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units marketed at Bagnall Haus, approximately 59% were one- and two-bedroom units that fetched costs just below $2.1 million. He includes that the three-bedroom units were also in high demand, with 18 of 20 units got at costs varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit kinds cost around $3 million to $3.8 million.

Teo Hong Lim, executive director of real estate developer Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, an estate condo, were sold on Jan 18, the initial day of its start. This equates to a sales rate of nearly 63%, with a common transacted rate of $2,490 psf.

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 purchased for $688,000 ($ 4,000 psf) each.

” We believe that the pricing, typically in the wonderful place of under $3 million, attract most customers,” says Gafoor.

Tembusu Grand condominium

” Buyers were primarily owner-occupiers,” claims Marcus Chu, Chief Executive Officer of ERA Singapore. While some were homeowners of older landed real estates wanting to scale down into newer and more workable apartments, others were family members from the area seeking to enhancement to a freehold property, he includes.

The average transacted cost of $2,490 psf was additionally “convincing for a well-located property project”, notes Gafoor. “Customers viewed value in the venture, particularly considering that some 99-year leasehold new release in the Outside Central Region (OCR)– including Chuan Park– had currently reached an average pricing of $2,579 psf when it was released in November 2024.”


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