Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf
Teo Hong Lim, exec director of real estate builder Roxy-Pacific Holdings, released that 71 out of 113 units at Bagnall Haus, a property condo, were sold on Jan 18, the first day of its release. This equates to a sales rate of close to 63%, with a regular negotiated cost of $2,490 psf.
” Property buyers were predominantly owner-occupiers,” says Marcus Chu, Chief Executive Officer of ERA Singapore. Whilst some were property owners of older landed real estates wanting to scale down into newer and more convenient homes, others were family members from the neighbourhood seeking to improve to a freehold property, he includes.
According to Chu, Bagnall Haus benefits from its closeness to established facilities and credible schools, including Temasek Primary School, which is throughout a 1km span.
The property development is in addition inside walking range of the upcoming Sungei Bedok MRT Terminal, an interchange for the Downtown and Thomson-East Coast lines. It is simply one stop from Bedok South MRT Station, which will be part of an integrated transportation center providing a brand-new bus interchange within the upcoming Bayshore precinct. This transport hub will likewise be part of a mixed-use development incorporating retail and residential factors.
Blossoms By The Park EL Development
Located throughout Upper East Coast Roadway in District 16, Bagnall Haus has 113 residential units spread out 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.
The regular worked out cost of $2,490 psf was likewise “compelling for a well-located estate development”, indicates Gafoor. “Buyers saw worth in the project, particularly thinking about that some 99-year leasehold new release in the Outside Central Region (OCR)– such as Chuan Park– had actually currently gotten to an average price of $2,579 psf when it was released in November 2024.”
According to Teo, over 90% of the buyers were Singaporeans. “Most of them were end-users with assorting budgets,” he claimed. The take-up figure was strong throughout all unit types, with 2- and three-bedroom units being one of the most preferred. Nevertheless, there was as well demand for the bigger five-bedroom units, he included
” Pent-up need, stemming from a 15-year hold-up for a brand-new project in the area, along with its property period, helped drive sales at Bagnall Haus,” states Mark Yip, Chief Executive Officer of Huttons Asia. “It is also rare to locate an estate project right alongside an MRT station. Buyers identified the possible benefits of the upcoming transformation of the Bayshore precinct.”
Ismail Gafoor, Chief Executive Officer of PropNex, claims that of the 71 residential units cost Bagnall Haus, approximately 59% were one- and two-bedroom units that brought costs just listed below $2.1 million. He adds that the three-bedroom units were also in high claim, with 18 of 20 units grabbed at costs varying from $2.3 million to $2.7 million. The standing 4- and five-bedroom unit types cost around $3 million to $3.8 million.
In addition to the 71 household units marketed, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 sq ft, have also been gotten for $688,000 ($ 4,000 psf) each.
” We believe that the prices, generally in the wonderful location of under $3 million, entice many purchasers,” states Gafoor.