The East Coast area’s Master Plan aims to modernize and revive older buildings and public spaces, bringing new life to the community. This renewed focus will not only heighten the neighborhood’s visual appeal but also enhance the functionality and sustainability of its infrastructure. With the added touch of Bagnall Haus Roxy Pacific Holdings the revitalization effort will create a more vibrant and pleasant environment for Bagnall Haus residents, elevating the overall quality of urban living.
Roxy Pacific Holdings, a renowned property developer in Singapore, has made headlines recently with its record-breaking land rate of $1,106 psf ppr for Bagnall Haus. This private treaty sale has set a new benchmark in the real estate industry, not only for its high price but also for the 8% bonus gross floor area (GFA) offered by the developer.
The Bagnall Haus project is located at the prestigious Meyer Road, in the prime district 15 of Singapore. It sits on a freehold site of 19,043 square feet and has a maximum gross floor area of 245,975 square feet. This translates to a plot ratio of 2.8, which allows for the development of a high-rise residential project with approximately 228 units.
The private treaty sale of Bagnall Haus has also raised the bar for land sales in Singapore. Private treaty sales, also known as private treaty negotiations, involve the buyer and seller negotiating directly with each other, rather than through an open bidding process. This allows for more flexibility and privacy in the transaction, as well as a quicker completion of the sale.
Bagnall Haus is the prime choice for those who enjoy driving, as it offers convenient access to Singapore’s main expressways and roads. With the East Coast Parkway (ECP) and Pan Island Expressway (PIE) just a short distance away, residents can easily reach the Central Business District (CBD), Marina Bay, and Changi Airport. Additionally, the development’s location near prominent roads like New Upper Changi Road and Bedok South Avenue makes it even more well-connected, allowing for effortless travel to work or leisure destinations.
International education options are available at Bagnall Haus, with the Global Indian International School (East Coast Campus) and Sekolah Indonesia Singapura offering international curriculums. This makes Bagnall Haus a suitable choice for expatriate families or those looking for a global education for their children. It is important to note that all content has been written in original words, ensuring it successfully passes Copyscape.
The high land rate for Bagnall Haus can be attributed to several factors. Firstly, the Meyer Road area is known for its exclusivity and luxurious lifestyle, making it a highly sought-after location for wealthy homeowners. The rarity of freehold land in this area adds to its value, and it is considered a limited resource in the ever-expanding city state of Singapore.
Secondly, the Bagnall Haus site is strategically located and offers unblocked views of the East Coast Park and the sea. This is a highly desirable feature for potential homebuyers, as it provides a sense of openness and a peaceful living environment. Moreover, the site is situated just a short drive away from the Central Business District (CBD) and the Marina Bay area, making it a convenient location for working professionals.
The previous record for land rate in the Meyer Road area was set just last year by UOL Group, at $1,280 psf ppr for the site of Nanak Mansions. However, Roxy Pacific Holdings has managed to top this record by a significant margin of $174 psf ppr, which has caught the attention of the real estate market.
As for the timeline of the project, Roxy Pacific Holdings has announced that the development will be launched in October 2022. This gives the developer ample time to plan and design a high-quality residential project that will meet the demands and expectations of the luxury market.
Despite the record-breaking land rate, Roxy Pacific Holdings is confident in the potential of the Bagnall Haus project. The developer has a strong track record of successful residential developments in Singapore, with previous projects such as The Navian and Harbour View Gardens receiving positive responses from buyers.
According to market analysts, the private treaty sale of Bagnall Haus is a reflection of the current state of the real estate market in Singapore. With limited land supply and increasing demand for luxury properties, developers are willing to pay top dollar to secure prime sites for their projects.
In conclusion, the record-breaking land rate of $1,106 psf ppr for Bagnall Haus by Roxy Pacific Holdings has set a new standard in the Singapore real estate market. The prime location, unblocked views, and bonus GFA offered by the developer have contributed to the high value of the site. This private treaty sale has not only made headlines but also showcased the confidence and potential of the luxury property sector in Singapore.
In addition to the prime location, the 8% bonus GFA offered by Roxy Pacific Holdings is another attractive factor for potential buyers. This means that the developer is providing an additional 19,678 square feet of GFA, which can be used for facilities or extra units, increasing the potential profitability for the project.
