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
Teo Hong Lim, the executive chairman of Roxy-Pacific, shared that 71 out of 113 units at Bagnall Haus were snapped up on the first day of launch, representing around 63% sales, with buyers paying a mean price of $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
Bagnall Haus stands on a 74,280 sq ft freehold site along Upper East Coast Road in District 16, featuring three five-story blocks with 113 homes. These range from a 495 sq ft one-bedroom plus flexi design up to 1,528 sq ft five-bedroom layouts.
PropNex’s CEO, Ismail Gafoor, reveals that 59% of the 71 acquired homes were one- and two-bedroom plans under $2.1 million, alongside three-bedroom types that sold fast at $2.3–$2.7 million. Larger four- and five-bedders commanded $3 million to $3.8 million.
This $2,490 psf average struck a chord with home seekers. Gafoor remarks that new 99-year offerings in the OCR have reached higher price levels, leading many to see added value in Bagnall Haus’s freehold status at a comparatively lower 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.
ERA Singapore’s CEO, Marcus Chu, mentions that most owners plan to live in their units. Some previously owned older landed homes and now prefer modern condo living, while others are families from nearby estates wanting to secure a freehold residence.
Lentor Central Residences Units
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, CEO of Huttons Asia, notes that a gap of 15 years since the previous launch in this locale, combined with freehold appeal, helped drive sales. He also points out the rarity of having a freehold project so near an MRT station.
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.