Singapore-based property developer Roxy-Pacific Holdings is set to unveil its latest project, Bagnall Haus, this Saturday, January 4, along Upper East Coast Road. The freehold development is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific in February 2023 for $115.28 million. This translates to a land rate of $1,106 per square foot per plot ratio.
The new development is a low-rise, five-storey block comprising of 113 apartments and two shop units. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments spanning 1,528 square feet. Prices for a one-bedroom plus flexi start from $1.235 million, with a price per square foot of $2,495. Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, revealed that the average indicative price for the project will be around $2,450 per square foot. The official launch date will be announced following the preview on the weekend.
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, Bagnall Haus offers convenient access to public transportation. It is also a short walk to the Upper East Coast Bus Terminal. Additionally, the project is located across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. Teo explained that residents of Bagnall Haus will have access to the future amenities at the Bayshore precinct.
When it comes to real estate investment in Singapore, location plays a vital role. This is because the value of a property is greatly influenced by its surroundings. In Singapore, properties located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, have a higher appreciation rate. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown an increase in property values. This is why investing in a condo in these areas can be a lucrative decision. Furthermore, the proximity to reputable and high-quality schools and educational institutions adds exponential value to condos in these locations, making them highly desirable for families. If you’re looking to invest in Singapore, consider the various Singapore Projects available in these prime locations to maximize your investment potential.
The last private condominium launched in the Upper East Coast neighbourhood in District 16 was Eastwood Regency by Fragrance Group in January 2010. The 75-unit, freehold boutique apartment project was completed the same year. Nearby is the 160-unit, freehold Country Park Condo by UOL Group, which 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.
Singapore’s real estate market continues to flourish, making it a top destination for both local and foreign investors. The city-state’s strong economy, stable political climate, and exceptional quality of life have contributed to the increasing demand for condominiums. And it’s no surprise, as Singapore has earned the moniker “City in a Garden” and is a global financial hub. With the various opportunities available, condominiums have emerged as a popular pick due to their convenience, amenities, and potential for impressive returns. This article will delve into the advantages of investing in a Singapore condominium, along with important considerations and necessary steps to take.
Known as the “City in a Garden,” Singapore offers a thriving economy, reliable political environment, and efficient infrastructure, making it an ideal location for real estate investments. Among the different types of properties, condominiums have garnered a significant amount of interest due to their alluring features.
Condominiums in Singapore offer a convenient lifestyle, as many are located in prime areas near the city center, essential amenities, and transportation hubs. This makes them an attractive option for working professionals, families, and retirees. In addition, most condominiums come equipped with a variety of facilities, such as swimming pools, gyms, and 24-hour security, providing residents with a comfortable and safe living environment. These added conveniences also increase the value of the property, making it a lucrative investment opportunity.
However, before venturing into the Singapore condominium market, it’s important to consider several crucial factors. First and foremost, understanding your investment goals and financial capabilities is essential. This will help identify the type of condominium that aligns best with your needs, whether it’s a cozy studio apartment or a larger unit with multiple bedrooms. Additionally, conducting thorough research on market trends and seeking guidance from a reputable real estate agent will provide valuable insights into the property’s current and future prospects.
Once you have found a suitable condominium, the next step is to secure financing. Singapore offers a range of financing options for both locals and foreigners, including bank loans and housing grants. It’s advisable to compare interest rates and loan packages to find the most suitable one for your budget and requirements. Furthermore, be sure to factor in any additional costs, such as stamp duties and legal fees, when planning your finances.
In conclusion, investing in a Singapore condominium is a wise decision, given the country’s robust economy, stability, and high quality of life. With their convenience, amenities, and potential for impressive returns, condominiums are an excellent choice for investors. However, it’s crucial to conduct thorough research, seek expert advice, and carefully plan your finances before making the investment. So, if you’re looking for a solid and profitable investment opportunity, consider adding a Singapore condominium to your portfolio. Singapore Condo is a great addition to any investment portfolio.
Bagnall Haus offers easy access to amenities such as the upcoming Bedok Food Court and the Eastwood Centre, which houses a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. Schools in the vicinity include Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School. Interested buyers can check out the latest listings for Bagnall Haus properties on a variety of online platforms.