Roxy-Pacific Holdings’ executive chairman, Teo Hong Lim, announced that the highly anticipated launch of Bagnall Haus, a freehold condominium, was met with great success. On the first day, 71 out of 113 units were sold, translating to an impressive sales rate of nearly 63%. The average transacted price for the units was $2,490 psf.
Teo revealed that the majority of the buyers were Singaporeans, with over 90% of the units taken up by end-users with varying budgets. All unit types, including the popular two- and three-bedroom units, as well as the larger five-bedroom units, saw strong demand.
Located in the desirable District 16 along Upper East Coast Road, Bagnall Haus comprises of three five-storey blocks with a total of 113 residential units on a freehold site spanning 74,280 sq ft. The units range from a one-bedroom plus flexi of 495 sq ft to the more spacious five-bedroom units of 1,528 sq ft.
Interested buyers can search for the latest New Launches to find out more about the transaction prices and availability of units at Bagnall Haus.
Ismail Gafoor, the CEO of PropNex, shared that out of the 71 units sold, 59% were one- and two-bedroom units, with prices below $2.1 million. He also noted that the three-bedroom units were highly sought after, with 18 out of 20 units snapped up at prices ranging from $2.3 million to $2.7 million. The remaining four- and five-bedroom units were sold for around $3 million to $3.8 million.
According to Gafoor, the pricing of Bagnall Haus, which falls below $3 million, is appealing to most buyers. He also mentioned that the average transacted price of $2,490 psf was considered attractive for a well-located freehold development. He compared it to similar 99-year leasehold projects in the Outside Central Region (OCR), such as Chuan Park, which had an average price of $2,579 psf when it was launched in November 2024.
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In addition to the 71 residential units, both of the strata-titled shop units on the ground floor of Bagnall Haus, measuring 172 sq ft each, have also been sold for $688,000 each ($4,000 psf).
ERA Singapore’s CEO, Marcus Chu, shared that the buyers were mostly owner-occupiers. Some were homeowners of older landed properties looking to downsize to newer and more manageable apartments, while others were families from the neighbourhood seeking to upgrade to a freehold property.
Bagnall Haus’s prime location near established amenities and reputable schools, such as Temasek Primary School within a 1km radius, was also a major draw for buyers.
The development is also within walking distance of the upcoming Sungei Bedok MRT Station, which will be an interchange 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 hub will also be part of a mixed-use development incorporating retail and residential components.
Huttons Asia’s CEO, Mark Yip, shared that the pent-up demand for a new project in the area, combined with the rare freehold tenure and proximity to an MRT station, contributed to the strong sales at Bagnall Haus. He also mentioned that buyers recognized the potential benefits of the upcoming transformation of the Bayshore precinct.
For those interested in Bagnall Haus properties, they can check out the latest listings and also compare the price trend of new condo sales versus executive condo (EC) sales in District 16. They can also find information on upcoming new launches and rental listings in the area.