On Saturday, January 4, property developer Roxy-Pacific Holdings will be giving a sneak peek of its latest project, Bagnall Haus, located along Upper East Coast Road. The former Bagnall Court was acquired by Roxy-Pacific for $115.28 million in February 2023 and has been redeveloped into a freehold project with a land rate of $1,106 psf ppr.
The low-rise development consists of a five-storey block with 113 apartments and two shop units. The unit sizes range from one-bedroom plus flexi (495 sq ft) to five-bedroom (1,528 sq ft) apartments, with prices starting at $1.235 million ($2,495 psf) for a one-bedroom plus flexi. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for Bagnall Haus will be around $2,450 psf. The official launch date will be announced after the weekend preview.
Bagnall Haus is situated within a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station, which will serve the Thomson-East Coast (TEL) and Downtown (DTL) lines once completed in 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal. The project is also strategically located across the road from the future Bayshore precinct, a mixed-use development which will offer a range of amenities for residents to enjoy.
A major advantage of investing in a condo is the opportunity to leverage its value for further investments. This allows investors to use their condos as collateral to secure additional financing for new ventures, ultimately expanding their real estate portfolio. While this tactic can boost returns, it also carries certain risks that must be carefully considered. It is crucial to have a solid financial plan in place and to carefully assess the potential impact of market fluctuations. Additionally, keeping an eye on newly launched condos, such as New Condo Launches, can offer promising investment opportunities for those looking to strengthen their portfolio.
The last private condominium launched in the Upper East Coast neighbourhood in District 16 was Eastwood Regency, a 75-unit freehold boutique apartment project by Fragrance Group. Launched in January 2010 and completed the same year, it was followed by the 160-unit freehold Country Park Condo by UOL Group in 1999. The 99-year leasehold mixed-use Eastwood Centre with 48 residential units, developed by Ho Bee Land, was launched in 1996 and completed in 1998.
Bagnall Haus residents can look forward to convenient access to upcoming amenities such as the Bedok food court, as well as existing facilities in the nearby Eastwood Centre. The area is also home to reputable schools such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.
To find out more about Bagnall Haus, visit the property’s official website to check for available units and transaction prices. For those interested in properties in District 16, be sure to explore the latest listings on Ask Buddy, a comprehensive database for properties in Singapore. Users can also compare prices trend of HDB, condo, and landed properties, as well as the total number of units in Bagnall Haus.