Teo Hong Lim, the executive chairman of property developer Roxy-Pacific Holdings, delightedly announced that during the launch of Bagnall Haus, a freehold condominium, 71 out of 113 units were successfully sold on Jan 18. This equates to a high sales rate of almost 63%, with an average transacted price of $2,490 per square foot.A majority of the buyers, over 90%, were locals. Teo stated that there was a diverse range of end-users with varying budgets. The take-up rate for all unit types was impressive, with two- and three-bedroom units being the most sought after. However, there was also considerable demand for the larger five-bedroom units.Located in District 16, along Upper East Coast Road, Bagnall Haus spans 74,280 square feet and comprises of three five-storey blocks housing 113 residential units. These units range from one-bedroom plus flexi units measuring 495 square feet to five-bedrooms measuring 1,528 square feet.Source for the newest New Launches to easily compare prices and available unitsAdvertisementThe CEO of PropNex, Ismail Gafoor, revealed that out of the 71 units sold at Bagnall Haus, 59% were one- and two-bedroom units fetching prices slightly below $2.1 million. He added that there was also a high demand for three-bedroom units, with 18 out of 20 units being purchased for 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.Gafoor believes that the pricing of under $3 million is incredibly appealing to most buyers. He further notes that the average transacted price of $2,490 per square foot is “compelling” for a well-located freehold development. He also adds that the pricing is a significant value for buyers, especially when compared to some 99-year leasehold new launches in the Outside Central Region (OCR), such as Chuan Park, which had an average price of $2,579 per square foot at its launch in November 2024.More than half of the units sold, 59%, were one- and two-bedroom units fetching prices slightly below $2.1 million (Photo: Albert Chua/EdgeProp Singapore)Besides selling 71 residential units, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 square feet, were also snapped up for $688,000 each, equivalent to $4,000 per square foot.”The majority of buyers were homeowners,” says Marcus Chu, the CEO of ERA Singapore. He added that these homeowners included those downsizing from older landed properties to newer and more manageable apartments. Others were families from the vicinity looking to upgrade to a freehold property.Chu also points out that Bagnall Haus benefits from its close proximity to established amenities and reputable schools such as Temasek Primary School, located within a 1km radius.See also: Bagnall Haus: a rare freehold project steps from Sungei Bedok MRT, one stop from Bayshore’s transformationSource: [EdgeProp]The development is also within walking distance of the upcoming Sungei Bedok MRT Station, which will serve as an interchange for the Downtown and Thomson-East Coast lines. This station 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 hub will also form part of a mixed-use development comprising of retail and residential components.”The pent-up demand, caused by a 15-year wait for a new project in the area, combined with the freehold tenure, greatly contributed to the success of Bagnall Haus,” says Mark Yip, the CEO of Huttons Asia. He adds that it is rare to find a freehold development situated next to an MRT station. Buyers recognized and appreciated the potential benefits of the Bayshore precinct’s upcoming transformation. To view the latest listings for Bagnall Haus propertiesAsk BuddyCondo sale transactions in District 16Compare price trend of Condo new sale vs EC new saleUpcoming new launch projects Any condo rental listings in District 16?Recently launched projectsTeo Hong Lim, the executive chairman of property developer Roxy-Pacific Holdings, is proud to announce that 71 out of 113 units at Bagnall Haus, a freehold condominium, were sold on Jan 18, the first day of its launch. This translates to an impressive sales rate of nearly 63%, with an average transacted price of $2,490 psf.According to Teo, over 90% of the buyers were Singaporeans. He stated that most of them were end-users with varying budgets. The take-up rate was strong across all unit types, with two- and three-bedroom units being the most popular. However, there was also significant demand for the larger five-bedroom units.The development, located in District 16 along Upper East Coast Road, consists of three five-storey blocks with a total of 113 residential units on a freehold site of 74,280 sq ft. The units comprise of one-bedroom plus flexi units measuring 495 sq ft and five-bedroom units measuring 1,528 sq ft.Source for the latest New Launches to easily compare prices and available unitsAdvertisementIsmail Gafoor, CEO of PropNex, disclosed that out of the 71 residential units sold at Bagnall Haus, 59% were one- and two-bedroom units fetching prices just under $2.1 million. He also noted that there was considerable demand for three-bedroom units, with 18 out of 20 units being sold 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.”We believe that the pricing, generally in the sweet spot of under $3 million, is appealing to most buyers,” says Gafoor.The average transacted price of $2,490 psf was also “compelling for a well-located freehold development”, notes Gafoor. “Buyers saw value in the project, especially considering that some 99-year leasehold new launches in the Outside Central Region (OCR) — such as Chuan Park — had already reached an average price of $2,579 psf when it was launched in November 2024.”More than half of the units sold, 59%, were one- and two-bedroom units fetching prices just under $2.1 million (Photo: Albert Chua/EdgeProp Singapore)Besides selling 71 residential units, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 sq ft, were also snapped up for $688,000 each, equivalent to $4,000 psf.”Majority of the buyers were owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. He added that these buyers included homeowners looking to downsize from older landed properties to newer and more manageable apartments, as well as families from the neighborhood seeking to upgrade to a freehold property.According to Chu, Bagnall Haus’s prime location near established amenities and reputable schools, such as Temasek Primary School within a 1km radius, was a significant factor in its success.See also: Bagnall Haus: a rare freehold project steps from Sungei Bedok MRT, one stop from Bayshore’s transformationSource: [EdgeProp]The development is also within walking distance of the upcoming Sungei Bedok MRT Station, which is an interchange for the Downtown and Thomson-East Coast lines. It is only 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 hub will also be part of a mixed-use development comprising of retail and residential components.”Pent-up demand, stemming from a 15-year wait for a new project in the area, along with its freehold tenure, helped drive sales at Bagnall Haus,” says Mark Yip, CEO of Huttons Asia. “It is also rare to find a freehold project right next to an MRT station. Buyers recognized the potential benefits of the upcoming transformation of the Bayshore precinct.” To view the latest listings for Bagnall Haus properties, you can ask Buddy for assistance. You can also compare condo sale transactions in District 16 and compare the price trend of Condo new sale vs EC new sale to help you make more informed decisions. You can also check out upcoming new launch projects in the area or browse through any condo rental listings in District 16. Additionally, you can also take a look at the recently launched projects in the area.
