Roxy-Pacific Holdings, a property developer, is set to showcase its latest project, Bagnall Haus, on Saturday, Jan 4. The prestigious freehold development is a transformation of the previous 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.
Securing financing is a vital factor in investing in a Singapore condo. The country presents various mortgage choices, but familiarity with the Total Debt Servicing Ratio (TDSR) framework is crucial. This framework sets a cap on the loan amount that a borrower can take, depending on their income and current debt commitments. Investors should gain a thorough understanding of the TDSR and seek guidance from financial advisors or mortgage brokers before committing to any financing arrangements. This will enable them to make well-informed decisions and avoid overstretching their finances. To learn more about investing in a Singapore condo, visit Singapore Condo.
The new development boasts a five-storey block with a total of 113 residential units and two shop units. There is a variety of apartment sizes to cater to different needs, ranging from one-bedroom plus flexi apartments with a floor area of 495 sq ft to spacious five-bedroom units with a generous size of 1,528 sq ft. The price for a one-bedroom plus flexi unit starts from $1.235 million, which translates to $2,495 psf.
Executive Chairman of Roxy-Pacific Holdings, Teo Hong Lim, mentioned that the average indicative price for Bagnall Haus will be around $2,450 psf. The launch date will be announced after the weekend preview.
Residents of Bagnall Haus will have the convenience of being less than a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, set to be completed in 2028. In addition, it is also a mere five-minute walk from the Upper East Coast Bus Terminal.
Furthermore, the project is strategically located near a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that residents will have access to the future amenities in the area, as stated by Teo.
The last private condominium to be launched in the Upper East Coast neighbourhood in District 16 was Eastwood Regency, a 75-unit freehold boutique apartment project by Fragrance Group. It was launched in January 2010 and completed in the same year. The nearby Country Park Condo, a freehold development with 160 units 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 by Ho Bee Land in 1996 and completed in 1998.
Amenities in the immediate vicinity of Bagnall Haus include the upcoming Bedok Food Court and the nearby Eastwood Centre, which houses 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 benefit from the multitude of renowned schools in the area, such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School. Interested buyers can check out the latest listings for properties in Bagnall Haus on the website, Ask Buddy.