Roxy-Pacific Holdings, a renowned property developer, is set to showcase the impressive Bagnall Haus development this Saturday, January 4. The esteemed project is a result of the redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for a whopping $115.28 million in February 2023. This translates to a land rate of $1,106 psf ppr.
Having a thorough understanding of the regulations and limitations pertaining to property ownership in Singapore is essential for foreign investors. While landed properties have more stringent ownership rules, condos are generally more accessible to foreigners. However, it should be noted that foreign buyers are required to pay an Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their first property purchase. Despite this additional cost, the stability and potential for growth in the Singapore real estate market continue to attract foreign investments in condos. Condo is a highly sought-after option for foreign investors due to these reasons.
The stunning new development is a five-storey low-rise structure that boasts a total of 113 units and two shop units. The units feature a variety of layouts, from one-bedroom plus flexi apartments spanning 495 sq ft to larger five-bedroom apartments measuring 1,528 sq ft. With prices starting from $1.235 million (or $2,495 psf) for a one-bedroom plus flexi, Bagnall Haus promises to offer luxurious and spacious living spaces for its residents.
According to Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, the average indicative price for the development will be approximately $2,450 psf. The exact launch date is yet to be determined and will be announced after the weekend preview.
Interested buyers can find more information about the latest New Launches and check out the transaction prices and available units on the market.
Bagnall Haus is conveniently located within a mere five-minute walking distance from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, which are expected to be completed in 2028. It’s also just a short walk away from the Upper East Coast Bus Terminal. Moreover, the development is positioned right across the road from a future commercial and residential mixed-use site in the upcoming Bayshore precinct. This means residents of Bagnall Haus will have access to a host of future amenities in the Bayshore precinct, according to Teo from Roxy-Pacific.
The last private condo to be launched in the Upper East Coast neighborhood of District 16 was the Eastwood Regency, a freehold boutique apartment project with 75 units, by Fragrance Group. It was launched in January 2010 and completed the same year. The neighboring Country Park Condo by UOL Group, a freehold development with 160 units, was launched for sale in 1999 and completed in 2003. Another neighboring development, Eastwood Centre, is a 99-year leasehold mixed-use project with 48 residential units that was launched in 1996 by Ho Bee Land and completed in 1998.
Residents of Bagnall Haus can enjoy various amenities in the vicinity, including the upcoming Bedok Food Court, Eastwood Centre which houses a Cold Storage supermarket, medical clinics, a dentist, a nail and beauty spa, and a pet shop. The development is also close to reputable schools such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.
For those seeking rental properties in District 16, there are a variety of listings available for Bagnall Haus properties. Interested buyers can also check out other newly launched projects or compare the price trends of HDB, Condo, and Landed properties in the area. Bagnall Haus has a limited number of units, so don’t miss out on the opportunity to be a part of this exclusive development.