SINGAPORE – Buyers snapped up 70 units of Le Quest in the first day of Phase Two sales on Saturday (19 May 2018). Qingjian Realty (South Pacific) Group Pte Ltd (Qingjian Realty) launched 115 units for sale just a week after Le Quest opened for Phase Two preview on 12 May 2018.
“Homeowners clearly appreciate the tech-enabled lifestyle offered at Le Quest. The enthusiastic response we saw in Phase One has continued this weekend. We should sell about 80 units by the end of this weekend,” said Ms. Yen Chong, Deputy General Manager, Qingjian Realty (South Pacific) Group Pte Ltd.
“We are not in a hurry to release the rest of the units despite other new launches expected across the island the rest of this year. With an average psf of $1380, buyers can get a four-bedroom unit in the mixed-use development Le Quest from $1.8mil. So there will still be a steady demand.”
One-bedroom and two-bedroom units proved popular among the new buyers, with prices from $703,000. Homebuyers were attracted to the project’s location, which is in a high-growth region.
Ms. Wong Yih Tin who booked a unit shared, “I see the potential in Le Quest. The West is getting a lot livelier and it is so near the MRT stations.” The 516-unit development with one- to four-bedroom units will house a childcare centre, a supermarket, retail outlets and other food and beverage establishments over 6,000 square metres.
Mr. Ismail Gafoor, Chief Executive Officer of PropNex Realty said, “Qingjian Realty’s strategy of catering to all homebuyers worked. A good mix of one-bedroom to four-bedroom units was released to meet the needs of different buyer profiles. Though one and two-bedroom units remain attractive, own-stay buyers still had a good selection of units to choose from.”
“The demand we are seeing at the Phase Two launch of Le Quest is not surprising. Its prices are slightly higher than in its first launch, but this is standard practice in the industry. Despite the increase, it is still one of the most competitive among the recent launches. Buyers who are looking for growth regions across the island will find it a good buy,” said Mr. Alan Cheong, Senior Director of Research & Consultancy at Savills Singapore.
The development is a stone’s throw away from the Tengah Park station on the 24km Jurong Region Line, and a short drive away from Singapore’s second CBD, Jurong Lake District, and the Jurong Innovation District.
The development is expected to receive Temporary Occupation Permit (TOP) by end-2021. The Sales Gallery at Bukit Batok West Avenue 8 is open daily from 10 am to 7 pm.
Qingjian Realty is planning another new launch in 2018. JadeScape, at the intersection of Shunfu Road and Marymount Road, is in the vicinity of Marymount MRT station. More details to be announced.
Article contributed by Qingjian Realty.