Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
The property development is also within walking distance of the upcoming Sungei Bedok MRT Stop, an interchange for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will belong to an incorporated transportation center providing a new bus interchange within the upcoming Bayshore precinct. This transport hub will definitely also become part of a mixed-use growth integrating retail and residential components.
” Buyers were mostly owner-occupiers,” says Marcus Chu, Chief Executive Officer of ERA Singapore. While some were homeowners of older landed properties looking to scale down right into newer and more convenient apartments, others were households from the neighborhood seeking to upgrade to a freehold property, he includes.
Teo Hong Lim, exec chairman of real estate developer Roxy-Pacific Holdings, disclosed that 71 out of 113 units at Bagnall Haus, a freehold condo, were sold off on Jan 18, the first day of its release. This interprets to a sales rate of almost 63%, with a regular transacted price of $2,490 psf.
Along with the 71 household units marketed, both strata-titled store units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been bought for $688,000 ($ 4,000 psf) each.
Ismail Gafoor, CEO of PropNex, claims that of the 71 non commercial units cost Bagnall Haus, around 59% were one- and two-bedroom units that brought prices just below $2.1 million. He adds that the three-bedroom units were also in high claim, with 18 of 20 units got at rates ranging from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit types cost around $3 million to $3.8 million.
” We believe that the prices, usually in the sweet area of under $3 million, entice the majority of buyers,” claims Gafoor.
According to Chu, Bagnall Haus take advantage of its closeness to developed amenities and reliable schools, including Temasek Primary School, that is throughout a 1km radius.
The regular transacted rate of $2,490 psf was likewise “engaging for a well-located property development”, notes Gafoor. “Buyers viewed worth in the project, particularly considering that some 99-year leasehold brand-new release in the Outside Central Region (OCR)– such as Chuan Park– had already gotten to a fair price of $2,579 psf when it was introduced in November 2024.”
According to Teo, over 90% of the buyers were Singaporeans. “The majority of them were end-users with varying spending plans,” he claimed. The take-up rate was strong across all unit types, with 2- and three-bedroom units being the best prominent. Nevertheless, there was even interest for the bigger five-bedroom units, he added
” Pent-up demand, coming from a 15-year wait for a brand-new venture in the location, along with its freehold period, assisted drive sales at Bagnall Haus,” says Mark Yip, CEO of Huttons Asia. “It is also rare to locate an estate project right alongside an MRT station. Purchasers identified the potential perks of the upcoming change of the Bayshore precinct.”
Situated along Upper East Coast Roadway in District 16, Bagnall Haus has 113 household units spread out across three five-storey blocks on a property 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.
