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.
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, PropNex CEO, notes that smaller one- and two-bedroom units made up about 59% of the total sales, going for below $2.1 million, while three-bedroom units sold in the $2.3–$2.7 million range. Four- and five-bedroom homes fetched between $3 million and $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
In addition, two ground-floor commercial spaces of 172 sq ft each fetched $688,000 each, translating to $4,000 psf.
Marcus Chu, CEO of ERA Singapore, observes that many purchasers are owner-occupiers. A number are downsizing from older landed properties, while others are local families seeking a freehold upgrade in the same area.
Arina East Residences Indicative Price
Buyer Demographics and Preferences
Accessibility and Nearby Amenities
Bagnall Haus is close to established amenities, including Temasek Primary School, which lies within 1km. This convenience appeals to parents looking for recognized educational options.
Access to the upcoming Sungei Bedok MRT Station adds further convenience. This interchange links the Downtown and Thomson-East Coast lines, just one stop from a new integrated transport hub at Bedok South MRT Station. That hub will include a bus interchange and future retail and residential spaces.
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.