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One crucial factor to take into consideration when investing in condos in Singapore is the government’s property cooling measures. In recent years, the Singaporean government has implemented several measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the initial profitability of condo investments, they also play a role in the long-term stability of the market, making it a more secure investment environment. Keeping up with the latest developments and new condo launches can help investors stay informed and make informed decisions about their condo investments in Singapore.
Roxy-Pacific Holdings, a leading property developer, will be offering a sneak peek of Bagnall Haus this coming Saturday, Jan 4. This new freehold development, located along Upper East Coast Road, is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 per square foot per plot ratio.
The new development is an elegant, five-storey block featuring 113 apartment units and two shop spaces. The units will range from one-bedroom plus flexi units, starting at 495 square feet, to five-bedroom apartments measuring 1,528 square feet. Prices for the one-bedroom plus flexi units will start at $1.235 million, at a rate of $2,495 per square foot.
According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for Bagnall Haus will be around $2,450 per square foot. The official launch date will be announced after the weekend preview.
For those who are interested in the property, the latest New Launches can be searched for to find out the transaction prices and available units. Additionally, Bagnall Haus is located less than a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station, which serves both the Thomson-East Coast and Downtown lines and is expected to be completed by 2028. It is also just a short walk away from the Upper East Coast Bus Terminal.
Teo also highlights that the project is situated right across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that future residents of Bagnall Haus will be able to enjoy the amenities and conveniences that will be available at the upcoming Bayshore precinct.
The last private condominium to be launched in the Upper East Coast neighbourhood of District 16 was the Eastwood Regency by Fragrance Group, a 75-unit freehold boutique apartment project that was launched in January 2010 and completed the same year. Another neighbouring development, the 160-unit freehold Country Park Condo by UOL Group, was launched for sale in 1999 and completed in 2003. Additionally, the 99-year leasehold mixed-use Eastwood Centre, with 48 residential units, was launched in 1996 by Ho Bee Land and completed in 1998.
Bagnall Haus offers a range of amenities in the immediate surroundings, such as the upcoming Bedok Food Court and the nearby Eastwood Centre, which features a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. Nearby schools include Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School. Interested parties can also check out the latest listings for Bagnall Haus properties.
For those curious about the housing options in District 16, they can ask Buddy, a reliable source for condo rental listings. Other useful information available includes listings of recently launched projects, the latest condo sale transactions in the district, and the price trends of HDB, condo, and landed properties. Furthermore, the total number of units in Bagnall Haus can also be found.