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

Along with the 71 non commercial units offered, both strata-titled store units on the ground floor of Bagnall Haus, each estimating 172 sq ft, have also been snapped up for $688,000 ($ 4,000 psf) each.

” We believe that the pricing, typically in the pleasant area of under $3 million, entice the majority of purchasers,” says Gafoor.

” Pent-up need, coming from a 15-year wait for a new venture in the area, in addition to its freehold tenure, assisted drive sales at Bagnall Haus,” states Mark Yip, Chief Executive Officer of Huttons Asia. “It is also uncommon to locate a property project right beside an MRT station. Purchasers recognised the possible benefits of the upcoming makeover of the Bayshore precinct.”

According to Teo, beyond 90% of the customers were Singaporeans. “The majority of them were end-users with varying budgets,” he said. The take-up rate was strong across all unit kinds, with two- and three-bedroom units being the best popular. However, there was also demand for the larger five-bedroom units, he added

Teo Hong Lim, executive chairman of real estate builder Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, a freehold residence, were sold off on Jan 18, the very first day of its launch. This equates to a sales rate of almost 63%, with a common negotiated cost of $2,490 psf.

Ismail Gafoor, CEO of PropNex, says that of the 71 residential units sold at Bagnall Haus, around 59% were one- and two-bedroom units that fetched rates just below $2.1 million. He adds 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 types cost around $3 million to $3.8 million.

Located along Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread throughout 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.

Altura EC condo

The regular negotiated price of $2,490 psf was likewise “convincing for a well-located property project”, notes Gafoor. “Customers viewed worth in the venture, especially thinking about that some 99-year leasehold brand-new launches in the Outside Central Region (OCR)– like Chuan Park– had actually already reached an average value of $2,579 psf when it was introduced in November 2024.”

The property development is also within walking distance of the upcoming Sungei Bedok MRT Terminal, an interchange for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Terminal, which will be part of an incorporated transport center featuring a new bus interchange within the upcoming Bayshore precinct. This transport center will also belong to a mixed-use advancement integrating retail and home parts.

” Buyers were mainly owner-occupiers,” states Marcus Chu, Chief Executive Officer of ERA Singapore. While some were homeowners of much older landed real estates seeking to scale down into more recent and more manageable houses, others were households from the neighbourhood seeking to enhancement to a freehold property, he includes.

According to Chu, Bagnall Haus gain from its distance to established features and respectable schools, providing Temasek Primary School, that is inside a 1km radius.