Investing in a condo in Singapore presents a plethora of benefits that make it a highly attractive choice for investors. One of the key advantages is the consistently high demand for condos in the city-state. This demand is driven by a growing population and a thriving economy, making condos a highly sought-after form of housing. Furthermore, condos in Singapore have shown a strong track record of capital appreciation, making them a potentially lucrative investment.
However, it is crucial to factor in various considerations before diving into the Singapore condo market. Location is a critical aspect that can greatly impact the success of an investment. Opting for a condo in prime areas, such as near business districts or popular tourist spots, can significantly increase its value. It is also essential to carefully consider financing options, as different payment plans and interest rates can affect the overall cost of the investment.
Moreover, investors must keep up-to-date with the ever-changing government regulations and market conditions in Singapore. The government has implemented measures to ensure the stability and sustainability of the real estate market, making it a relatively safe environment for investors. However, staying informed and seeking professional advice is crucial to make well-informed decisions and maximize returns.
Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. With the right research and guidance from experts, investors can tap into Singapore’s dynamic real estate market and reap the rewards. To explore the latest and most promising Singapore projects, visit Singapore Projects.
On Saturday, Jan 4, the 113-unit Bagnall Haus along Upper East Coast Road will open its doors for a preview by property developer Roxy-Pacific Holdings. This freehold project is a redevelopment of the former Bagnall Court, which the developer acquired en bloc for $115.28 million in February 2023. With a land rate of $1,106 psf ppr, this represents a significant investment for Roxy-Pacific.
Situated in a prime location, Bagnall Haus is a low-rise, five-storey block that offers a mix of one-bedroom plus flexi units starting from 495 sq ft to five-bedroom apartments of 1,528 sq ft. The launch prices will start from $1.235 million ($2,495 psf) for a one-bedroom plus flexi. Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, reveals that the average indicative price will be around $2,450 psf. The official launch date will be announced after the weekend preview.
Bagnall Haus’s convenient location is one of its main selling points. It is less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station, which is set to be completed in 2028 and will serve both the Thomson-East Coast (TEL) and Downtown (DTL) lines. It is also within walking distance to the Upper East Coast Bus Terminal. Additionally, the project is situated across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that residents of Bagnall Haus will have access to future amenities in the area, according to Teo.
The last private condominium launched in the Upper East Coast neighbourhood in 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 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.
Bagnall Haus’s prime location also means that there are plenty of amenities within the immediate vicinity. These include the upcoming Bedok Food Court and the nearby Eastwood Centre, which boasts a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. For families with children, there are also several schools nearby, such as Temasek Primary and Secondary Schools, Bedok Green Primary School, and Anglican High School.
To find out more about the latest listings and transaction prices of Bagnall Haus, interested buyers can visit the project’s website or speak to an online assistant named Buddy. They can also check out the latest listings for properties in Bagnall Haus, get information on recently launched projects, compare the price trend of HDB, condo, and landed properties in District 16, and find out the total number of units available in Bagnall Haus.