Property developer Roxy-Pacific Holdings will be showcasing their newest project, the 113-unit Bagnall Haus, along Upper East Coast Road on Saturday, Jan 4. The freehold development was previously known as Bagnall Court and was purchased by Roxy-Pacific for $115.28 million in February 2023, which works out to a land rate of $1,106 per square foot per plot ratio.
The newly developed property consists of a five-storey block with 113 apartments and two shop units. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments of 1,528 square feet. Prices for a one-bedroom plus flexi unit start at $1.235 million, translating to a rate of $2,495 per square foot.
According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for Bagnall Haus will be around $2,450 per square foot. The launch date of the project will be determined after the weekend preview.
For those interested in Bagnall Haus, the project is conveniently situated less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, which is expected to be completed in 2028. It is also just a short walk away from the Upper East Coast Bus Terminal.
In addition, the development is located across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that residents of Bagnall Haus will have access to the future amenities in the Bayshore precinct, according to Teo.
The last private condominium launched in the Upper East Coast neighbourhood in 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. Meanwhile, the neighbouring 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.
Residents of Bagnall Haus will have access to various amenities in the immediate vicinity. These include the upcoming Bedok Food Court as well as the nearby Eastwood Centre, which boasts a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop.
Families with school-going children will also appreciate the proximity of various schools, such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.
When looking into an investment in a Singapore Condo, it is crucial to also evaluate the potential rental yield. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly depending on factors such as location, the condition of the property, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific Singapore Condo, thorough market research and consulting with real estate agents are essential steps. One can obtain valuable insights into the rental potential of a Singapore Condo by conducting these measures. For more information on Singapore Condos, visit thebellegame.com.
For anyone interested in Bagnall Haus, be sure to check out the latest listings for available units. Additionally, you can also utilize our search function to find the latest New Launches and view the transaction prices for the properties.