Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
The average negotiated price of $2,490 psf was likewise “compelling for a well-located estate project”, indicates Gafoor. “Customers viewed value in the venture, especially considering that some 99-year leasehold new release in the Outside Central Region (OCR)– including Chuan Park– had actually currently gotten to an average price of $2,579 psf when it was launched in November 2024.”
” Buyers were mostly owner-occupiers,” says Marcus Chu, Chief Executive Officer of ERA Singapore. While some were homeowners of older landed real estates wanting to downsize into newer and more convenient homes, others were households from the neighborhood seeking to improve to a freehold property, he adds.
According to Chu, Bagnall Haus benefits from its proximity to established facilities and reputable schools, including Temasek Primary School, that is within a 1km radius.
Teo Hong Lim, exec director of property developer Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, a property residence, were sold on Jan 18, the very first day of its release. This translates to a sales rate of almost 63%, with a common negotiated cost of $2,490 psf.
According to Teo, over 90% of the purchasers were Singaporeans. “A lot of them were end-users with varying budget plans,” he said. The take-up rate was good throughout all unit types, with two- and three-bedroom units being the most prominent. Nevertheless, there was also need for the larger five-bedroom units, he included
” Pent-up need, stemming from a 15-year delay for a new venture in the location, in addition to its freehold period, assisted drive sales at Bagnall Haus,” claims Mark Yip, CEO of Huttons Asia. “It is also uncommon to locate a freehold venture right alongside an MRT stop. Buyers recognised the possible advantages of the upcoming improvement of the Bayshore precinct.”
Bloomsbury Residences Singapore
Found throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 residential units spread out throughout three five-storey blocks on an estate 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.
In addition to the 71 household units sold, both strata-titled store units on the ground level of Bagnall Haus, each measuring 172 sq ft, have also been purchased for $688,000 ($ 4,000 psf) each.
” We believe that the pricing, generally in the sweet area of under $3 million, appeals to the majority of buyers,” states Gafoor.
Ismail Gafoor, CEO of PropNex, says that of the 71 non commercial units marketed at Bagnall Haus, about 59% were one- and two-bedroom units that brought rates simply listed below $2.1 million. He includes that the three-bedroom units were also in high demand, with 18 of 20 units purchased at rates varying from $2.3 million to $2.7 million. The remaining 4- and five-bedroom unit kinds sold for around $3 million to $3.8 million.
The development is also within walking distance 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, that will be part of an incorporated transportation center providing a new bus interchange within the upcoming Bayshore precinct. This transport center will definitely likewise become part of a mixed-use advancement incorporating retail and home factors.
