The upcoming Bagnall Haus by Roxy-Pacific Holdings will be unveiled to the public on Saturday, January 4th. This freehold development, situated along Upper East Coast Road, is a redevelopment of the previous Bagnall Court which was acquired by Roxy-Pacific for $115.28 million in February 2023. The price paid equates to a land rate of $1,106 per square foot per plot ratio (psf ppr).
Consisting of 113 apartments and two shop units, the new development is a low-rise, five-storey block. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments of 1,528 square feet. Prices will begin from $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 the development will be around $2,450 psf. The launch date will be announced after the weekend preview.
Property seekers can search for the latest new launches to view the available units and transaction prices. Bagnall Haus is ideally located within a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, anticipated to be completed by 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal.
Teo explains that Bagnall Haus is strategically situated across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means residents will be able to enjoy the upcoming amenities in the area. The most recent private condo launch in the Upper East Coast neighbourhood of District 16 was the 75-unit, freehold boutique apartment project, Eastwood Regency, by Fragrance Group. It was launched in January 2010 and completed the same year. The adjacent 160-unit, freehold Country Park Condo by UOL Group was launched for sale in 1999 and completed in 2003. Another neighbouring development, the 99-year leasehold mixed-use Eastwood Centre with 48 residential units, was launched in 1996 by Ho Bee Land and completed in 1998.
There are plenty of amenities in the immediate vicinity including the upcoming Bedok Food Court and the nearby Eastwood Centre which has a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. There are also various schools nearby such as Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School.
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Investing in a condo offers numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. Many individuals utilize their condos as collateral to secure additional funding for new ventures, allowing them to expand their real estate portfolio. This approach can significantly increase returns, but it also comes with potential risks. Therefore, it is essential to have a solid financial plan and carefully consider the impact of market fluctuations. With the help of Condo investments, individuals can broaden their investment opportunities and potentially achieve greater success.
Interested buyers can check out the latest listings for Bagnall Haus properties and ask Buddy for any additional information. They can also explore other recently launched projects, view condo sale transactions in District 16, compare price trends of HDBs, Condos, and Landed properties, and find out the total number of units available in Bagnall Haus.