Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, revealed that 71 out of 113 units at Bagnall Haus, a freehold condominium, were successfully sold on Jan 18 during its first day of launch. This equates to an impressive sales rate of nearly 63%, with an average transacted price of $2,490 per square foot.Furthermore, Teo shared that the majority of buyers were Singaporean citizens, making up over 90% of the total. He elaborated that they consisted of end-users with varying budgets. The take-up rate was strong across all unit types, with the two- and three-bedroom units proving to be the most sought-after. However, Teo also noted that there was demand for the larger five-bedroom units as well.Bagnall Haus is located in the esteemed District 16, along Upper East Coast Road. It is made up of three five-storey blocks and sits on a freehold plot measuring 74,280 square feet. The 113 residential units come in a mix of one-bedroom plus flexi units spanning 495 square feet and five-bedroom units measuring 1,528 square feet.Want to find out more about the latest New Launches? Do a quick search to view transaction prices and available units.Ismail Gafoor, the CEO of PropNex, stated that out of the 71 units sold, about 59% were one- and two-bedroom units that went for prices just below $2.1 million. He added that there was also high demand for the three-bedroom units, with 18 out of 20 units sold at a range of $2.3 million to $2.7 million. The remaining four- and five-bedroom units were transacted at around $3 million to $3.8 million.Gafoor also shared that the pricing was generally within the sweet spot of under $3 million, which appealed to most buyers. He added that the average transacted price of $2,490 per square foot was particularly attractive for a well-situated freehold development. He also pointed out that buyers saw the value in this project, especially when taking into account that some 99-year leasehold new launches in the Outside Central Region, such as Chuan Park, were already going for an average price of $2,579 per square foot upon its launch in November 2024.Find out more about the new condo developments in District 16 by browsing the latest listings for Bagnall Haus properties.Want to get some tips and insights on the latest trend in the market? Check out BuddyCondo and get 10 free reports now!Are you interested in knowing more about condo sale transactions in District 16? Compare the price trend of condo new sales and EC new sales and get a better idea of the market. You can also keep an eye out for the upcoming new launch projects or any available condo rental listings in District 16 to stay updated on the latest developments.Recently launched projects can also offer valuable insights. So if you’re looking to invest in a condo in District 16, it’s definitely worth it to check them out. With its highly desirable location and freehold tenure, Bagnall Haus saw a high number of sales due to the pent-up demand from a 15-year wait for a new project in the area. This, coupled with its proximity to established amenities and reputable schools such as Temasek Primary School within a 1km radius, made it an ideal choice for many buyers.Additionally, Bagnall Haus is within walking distance of the upcoming Sungei Bedok MRT Station, which is an interchange for the Downtown and Thomson-East Coast lines. It is also just one stop from Bedok South MRT Station, which is part of an integrated transport hub that will feature a new bus interchange in the upcoming Bayshore precinct. This transport hub will also be part of a mixed-use development that includes retail and residential components.This development’s potential benefits, coupled with its freehold tenure and rare MRT station proximity, were key drivers in its sales success, according to Mark Yip, the CEO of Huttons Asia. With the latest listings for Bagnall Haus properties, you can ask BuddyCondo to compare condo sale transactions in District 16 , check the price trend of condo new sales versus EC new sales, stay updated on the upcoming new launch projects in the district, and view any available condo rental listings.