Bagnall Court, a freehold condominium located at Upper East Coast Road, was first put up for collective sale in Sep 2022.
Built during the 1990s, Bagnall Court comprises 43 walk-up apartments in a pair of 4-storey blocks.
The initial collective sale subsequently closed in Oct 2022, and later during a 10-week private treaty period, sold to a consortium.
The S$115.3 million sale price represents a land rate of around S$1,106 psf ppr.
|LAND SIZE||6,467 sqm|
|MASTER PLAN GFA||9,053 sqm|
|MASTER PLAN PLOT RATIO||1.4|
|PROJECT NAME||BAGNALL COURT|
|STREET NAME||UPPER EAST COAST ROAD|
|DISTRICT / PLANNING AREA||D16 / BEDOK|
|NUMBER OF UNITS||43|
|FIRST ENBLOC ATTEMPT||SEP 2022|
|ENBLOC CLOSED ON||JAN 2023|
|ENBLOC SALE PRICE||$115.3m|
|ENBLOC LAND COST||$1,106 psf ppr|
Bagnall Court is located next to Bedok Food Centre and near to the upcoming Sungei Bedok MRT Station.
Refer here for Master Plan legend:
11 Jan 2023
BAGNALL Court, a freehold condominium located at Upper East Coast Road, has been sold for S$115.3 million, lower than its guide price of S$125 million.
Over 80 per cent of owners had consented to the collective sale tender, which launched in September last year and closed on Oct 26. It was later sold during the 10-week private treaty period.
On Wednesday (Jan 11), sole marketing agent JLL said the development was sold to a consortium. It did not disclose who the members of the consortium were.
At the S$115.3 million sale price, owners of each of the 43 units should expect between S$2.03 million and S$3.78 million in gross sale proceeds.
21 Sep 2022
BAGNALL Court, a freehold condominium along Upper East Coast Road, has been put up for collective sale via tender with a guide price of S$125 million, sole marketing agent JLL said on Tuesday (Sep 20).
More than 80 per cent of the owners have consented to the collective sale of the property, which is located in a low-density residential estate across Laguna Golf and Country Club, and Bedok Camp. Built during the 1990s, Bagnall Court comprises 43 walk-up apartments in a pair of 4-storey blocks.
It sits on a site spanning 69,563 square feet (sq ft) zoned for residential use under the Urban Redevelopment Authority's Master Plan 2019. It has a gross plot ratio of 1.4 and an allowable height of up to 5 storeys.
Only a "relatively small part" of the bonus gross floor area attracts land betterment charges, JLL noted, adding there is also potential 4,600 sq ft in remnant state land to be merged into the site for redevelopment, allowing for additional new units.