Summary
During the initial launch of Bagnall Haus, Roxy-Pacific moved 71 out of 113 freehold homes with an overall selling price of $2,490 psf.
Introduction
If you appreciate city conveniences and freehold status, the rapid take-up at Bagnall Haus might intrigue you.
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.
Over 90% of the buyers were Singaporeans. Many were seeking new residences with various budget levels. The diverse layout options, especially two- and three-bedroom units, attracted most buyers, though interest in larger five-bedroom homes was also present.
Project Location and Unit Variety
This freehold development sits in District 16 on Upper East Coast Road. Bagnall Haus offers 113 apartments split across three low-rise blocks, with floor areas spanning from 495 sq ft for a one-bedroom plus flexi to 1,528 sq ft for a 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.
Gafoor points out that the sub-$3 million price bracket was a sweet spot. With certain 99-year Outside Central Region launches crossing $2,500 psf, buyers found Bagnall Haus’s average of $2,490 psf particularly compelling.
Commercial Units and Buyer Profiles
In addition, two ground-floor commercial spaces of 172 sq ft each fetched $688,000 each, translating to $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.
ELTA Photos
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.
With Sungei Bedok MRT Station on the way, Bagnall Haus residents can reach a transit hub at Bedok South MRT in a single stop, enhancing access to bus services, shops, and new housing.
Market Insights and Conclusion
Mark Yip from Huttons Asia cites pent-up interest, freehold attractiveness, and proximity to public transport. He adds that the planned Bayshore precinct upgrades boosted buyer confidence in the project’s potential.
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.