Roxy-Pacific Holdings, a well-known property developer, is set to give a sneak peek of its latest project, Bagnall Haus, this Saturday, Jan 4. The brand new freehold development, located along Upper East Coast Road, is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 per square foot per plot ratio (psf ppr).
Bagnall Haus boasts 113 units in a low-rise, five-storey block, including two shop units. The units range from one-bedroom plus flexi, starting from 495 sq ft, to five-bedroom apartments spanning 1,528 sq ft. Prices for the one-bedroom plus flexi units start from $1.235 million ($2,495 psf).
Securing financing is a crucial element in the process of investing in a condominium. Fortunately, Singapore presents various mortgage alternatives for potential buyers. However, it is crucial to have an understanding of the Total Debt Servicing Ratio (TDSR) framework, which dictates the maximum loan amount a borrower can take based on their income and current debt obligations. Working alongside financial advisors or mortgage brokers can assist investors in comprehending the TDSR and making informed decisions about financing options, thus preventing over-leveraging. Additionally, Singapore Projects can be a valuable resource for individuals seeking to invest in condos.
According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price of units at Bagnall Haus is projected to be around $2,450 psf. A final launch date will be confirmed after the preview event this weekend. For those interested, search online for the latest new launches for information on transaction prices and available units.
One of the main selling points of Bagnall Haus is its prime location, less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, set for completion in 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal.
Teo adds that Bagnall Haus is also situated across the road from a future commercial and residential development site in the upcoming Bayshore precinct. This means that residents will have access to the future amenities in the area, making it an attractive place to call home.
The last private condominium launched in the Upper East Coast neighbourhood, known as District 16, was the boutique apartment project Eastwood Regency by Fragrance Group. It had 75 units and was launched in January 2010, with completion in the same year. The neighbouring Country Park Condo by UOL Group, which consisted of 160 units, was launched for sale in 1999 and completed in 2003. Another neighbouring development, Eastwood Centre, was launched in 1996 by Ho Bee Land and completed in 1998. It consists of 48 residential units and is a 99-year leasehold mixed-use development.
Bagnall Haus is also conveniently located close to various amenities, such as the upcoming Bedok Food Court, and Eastwood Centre, which features a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. In terms of education, there are several schools nearby, including Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.
For more information on Bagnall Haus properties, check out the latest listings online. You can also use the “Ask Buddy” feature to find out about condo rental listings in District 16 or compare price trends of HDBs, condos, and landed homes, as well as to see the total number of units available at Bagnall Haus.