When it comes to purchasing a condo, financing plays a vital role. In Singapore, there are various mortgage options available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and existing debt obligations. Working with financial advisors or mortgage brokers can assist investors in comprehending the TDSR and making wise decisions about their financing options. This will also prevent them from becoming overly leveraged. Furthermore, with the added factor of New Condo Launches, it is even more critical for investors to fully understand and carefully consider their financing choices.
Roxy-Pacific Holdings, a leading property developer, is set to introduce their latest development, Bagnall Haus, along Upper East Coast Road this Saturday, Jan 4. The highly-anticipated project, which is a redevelopment of the former Bagnall Court, was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 psf ppr.
Bagnall Haus is a freehold development consisting of a low-rise, five-storey block with 113 apartments and two shop units. The unit types offered range from one-bedroom plus flexi, starting from 495 sq ft, to five-bedroom apartments of 1,528 sq ft. Prices for a one-bedroom plus flexi unit start from $1.235 million ($2,495 psf).
According to Roxy-Pacific’s Executive Chairman, Teo Hong Lim, the average indicative price for units at Bagnall Haus will be around $2,450 psf. The launch date for the project will be announced after the preview this weekend.
This upcoming development is conveniently located less than a five-minute walk away from the future Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, which is set to be completed in 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal.
Moreover, Bagnall Haus is situated right across the road from a future mixed-use development site in the upcoming Bayshore precinct. This means that residents of the development will have access to the future amenities in the area, as shared by Teo.
The last private condo to be launched in the Upper East Coast neighborhood in District 16 was the Eastwood Regency by Fragrance Group, a 75-unit, freehold boutique apartment project that was launched and completed in 2010. The neighboring Country Park Condo by UOL Group, with a total of 160 units, was launched in 1999 and completed in 2003. Another nearby development, Eastwood Centre, a mixed-use development with 48 residential units on a 99-year lease, was launched and completed in 1996 by Ho Bee Land.
Residents of Bagnall Haus will also have easy access to various amenities in the immediate vicinity, such as the upcoming Bedok Food Court and the Eastwood Centre, which houses a Cold Storage supermarket, medical clinic, dentist, nail and beauty spa, and pet shop.
In terms of education, there are several established schools nearby, including Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School. For those interested in Bagnall Haus, do check out the latest listings for available properties.
Want to know more about the current rental listings in District 16? Or perhaps, interested in recently launched projects or condo sale transactions in the area? Be sure to also compare the price trends between HDB, condo, and landed properties in the vicinity. Lastly, Bagnall Haus offers a total of 113 units, so be sure to not miss out on this exciting opportunity.