Roxy-Pacific Holdings, a leading property developer, will be revealing their latest project, Bagnall Haus, on Saturday, Jan 4. This 113-unit development, located along Upper East Coast Road, is a freehold project that was acquired by Roxy-Pacific in February 2023 for $115.28 million. With a land rate of $1,106 psf ppr, the former Bagnall Court will now be transformed into a modern and stylish low-rise, five-storey block, boasting 113 residential units and two shop units.
The units in Bagnall Haus are designed to cater to various needs, ranging from one-bedroom plus flexi apartments starting at 495 sq ft to spacious five-bedroom units of 1,528 sq ft. Prices for a one-bedroom plus flexi unit start from $1.235 million ($2,495 psf). According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for this development will be $2,450 psf. The official launch date for Bagnall Haus will be announced after the preview weekend.
Future residents of Bagnall Haus will enjoy convenient access to transportation as it is less than a five-minute walk to the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, slated for completion in 2028. The project is also a short walk to the Upper East Coast Bus Terminal. Additionally, the upcoming Bayshore precinct, located just across the road, will house a mix of commercial and residential developments, providing more amenities for the residents of Bagnall Haus, as highlighted by Roxy-Pacific’s Teo.
The last private condo launched in the Upper East Coast area of District 16 was the 75-unit, freehold boutique apartment project, Eastwood Regency by Fragrance Group, in 2010. The neighbouring 160-unit, freehold Country Park Condo by UOL Group was launched for sale in 1999. Another neighbouring development is the 99-year leasehold mixed-use Eastwood Centre, built in 1996 by Ho Bee Land. These developments, along with Bagnall Haus, provide a range of properties for buyers and investors to choose from in this sought-after location.
Residents of Bagnall Haus will also have easy access to various amenities in the vicinity. The upcoming Bedok Food Court and the Eastwood Centre, with a Cold Storage supermarket, medical clinic, dentist, nail and beauty spa, and a pet shop, are just some examples. For families with school-going children, there are several schools in the area such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.
Investing in a condo comes with its own advantages, one of them being the opportunity to leverage its value for further investments. It’s common for investors to use their condos as collateral to secure extra funding for new investments, which ultimately helps in expanding their real estate portfolio. However, it’s important to keep in mind that this strategy can bring higher returns but also carries certain risks. Therefore, it’s crucial to have a well-thought-out financial plan in place and consider the potential impact of market fluctuations on your Condo investment.
To stay updated on the latest developments in Bagnall Haus, you can check out the available listings on the market, or ask Buddy, your personal real estate assistant for more information. You can also compare prices trends of HDB, condo, and landed properties in the area to make an informed decision. With the launch of Bagnall Haus, there are now a total of __ units available for buyers and investors.