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

According to Teo, beyond 90% of the purchasers were Singaporeans. “A lot of them were end-users with assorting budget plans,” he claimed. The take-up rate was sturdy throughout all unit types, with two- and three-bedroom units being the best preferred. Nonetheless, there was also need for the bigger five-bedroom units, he included

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

The normal transacted cost of $2,490 psf was additionally “compelling for a well-located freehold development”, indicates Gafoor. “Purchasers observed worth in the project, particularly thinking about that some 99-year leasehold brand-new launches in the Outside Central Region (OCR)– like Chuan Park– had actually currently reached a standard value of $2,579 psf when it was introduced in November 2024.”

” Pent-up demand, originating from a 15-year delay for a new venture in the area, along with its freehold period, assisted drive sales at Bagnall Haus,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “It is also rare to discover an estate project right beside an MRT terminal. Buyers recognised the prospective benefits of the upcoming change of the Bayshore precinct.”

According to Chu, Bagnall Haus take advantage of its closeness to developed features and trustworthy schools, providing Temasek Primary School, which is within a 1km radius.

” Homebuyers were primarily owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. While some were property owners of older landed real estates seeking to scale down right into newer and more workable houses, others were family members from the neighborhood seeking to improve to a freehold property, he adds.

One Bernam price

” We believe that the prices, typically in the pleasant area of under $3 million, attract most purchasers,” states Gafoor.

Ismail Gafoor, Chief Executive Officer of PropNex, says that of the 71 non commercial units cost Bagnall Haus, about 59% were one- and two-bedroom units that fetched rates simply listed below $2.1 million. He includes that the three-bedroom units were also in high claim, with 18 of 20 units purchased at costs ranging from $2.3 million to $2.7 million. The remaining four- and five-bedroom unit types cost around $3 million to $3.8 million.

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

Located throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread across three five-storey blocks on a freehold 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.

The development is also within walking range of the upcoming Sungei Bedok MRT Station, a shift for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will be part of an integrated transport hub featuring a new bus interchange within the upcoming Bayshore precinct. This transport center will definitely likewise become part of a mixed-use growth integrating retail and housing parts.


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