Bagnall Court, a freehold condominium situated on Upper East Coast Road, has been acquired by a consortium for S$115.3 million, marking a transaction below its initial guide price. The sale, which concluded during the 10-week private treaty period after receiving consent from over 80% of owners, was announced by JLL, the exclusive marketing agent, on Wednesday, January 11, 2023.
Comprising 43 walk-up apartments within two four-storey blocks, Bagnall Court represents a low-density residential estate built in the 1990s. The sale price translates to approximately S$1,106 per square foot (sq ft) per plot ratio, factoring in the 8% bonus gross floor area. Notably, no land betterment charge is applicable due to the property’s development baseline area.
Each of the 43 unit owners stands to receive gross sale proceeds ranging from S$2.03 million to S$3.78 million. Situated across Laguna Golf and Country Club and Bedok Camp, Bagnall Court benefits from its proximity to amenities such as Changi City Point, East Village, and Bedok Food Centre. Additionally, it is strategically located near the anticipated Sungei Bedok MRT interchange, expected to be completed by 2025.
Spanning a land plot of 69,563 sq ft, this property Bagnall Haus is zoned for residential use under the Urban Redevelopment Authority’s Master Plan 2019, boasting a gross plot ratio of 1.4 and a permissible height of up to five storeys.
