Summary
Roxy-Pacific Holdings launched Bagnall Haus and secured sales for 71 out of 113 freehold units on the first day, averaging $2,490 psf.
Introduction
For individuals who enjoy straightforward city connectivity, Bagnall Haus has drawn significant attention from home seekers due to its freehold tenure.
Launch Day and Sales Performance
Nearly 63% of Bagnall Haus units changed hands on January 18, according to Roxy-Pacific’s executive chairman, Teo Hong Lim, with the average price landing at $2,490 psf.
Most of the new owners are Singaporeans, reflecting strong domestic interest. Many aimed for two- and three-bedroom units, but there was also solid activity for the bigger five-bedroom homes.
Project Location and Unit Variety
Located at Upper East Coast Road in District 16, Bagnall Haus is a freehold condo with 113 homes across three five-level buildings. Size options vary between 495 sq ft (one-bedroom plus flexi) and 1,528 sq ft (five-bedroom).
Ismail Gafoor, CEO of PropNex, says that of the 71 units taken, about 59% consisted of one- and two-bedroom types priced below $2.1 million. He adds that three-bedroom designs were equally popular, with 18 sold at $2.3 million to $2.7 million, while four- and five-bed layouts ranged from $3 million to $3.8 million.
He highlights that pricing under $3 million resonated with many buyers. This average rate of $2,490 psf appealed to those looking at freehold developments in a location with growth potential, especially when some 99-year OCR projects had surpassed $2,500 psf.
Commercial Units and Buyer Profiles
The development’s small commercial shops, each spanning 172 sq ft, have also been purchased for $688,000 apiece, or $4,000 psf.
According to ERA Singapore CEO Marcus Chu, the bulk of buyers plan to occupy their homes. Some are moving from larger landed houses into smaller, newer spaces, while others are simply upgrading from nearby neighborhoods.
Jansen House Address
Buyer Demographics and Preferences
Accessibility and Nearby Amenities
The site also benefits from being near reputable schools, such as Temasek Primary School, which sits within 1km, making it a draw for families with young children.
Connectivity will improve once Sungei Bedok MRT Station opens. It is an interchange for Downtown and Thomson-East Coast lines, placing it only one stop from Bedok South MRT’s planned transport hub, complete with a bus interchange and more.
Market Insights and Conclusion
Huttons Asia CEO Mark Yip attributes the robust sales to long-standing buyer interest, a freehold title, and the convenience of nearby MRT access. He explains that the upcoming Bayshore transformation further elevated Bagnall Haus’s prospects.
For local families in District 16, Bagnall Haus symbolizes a blend of freehold security and direct MRT connectivity. Many see it as a future-friendly choice, especially with pending developments in the Bayshore area.
Alternative Conclusion
If you aim to settle in a well-connected district and prefer a freehold property, Bagnall Haus stands out. Its swift sales reflect the blend of local school access, upcoming transit links, and overall value.