Buyers waiting to book their units at Le Quest. (Photo: Qingjian Realty)
The Le Quest at Bukit Batok opened for sales on Saturday (5 August), with the residential units attracting strong interest from buyers.
A total of 280 of the project’s 516 units (54 percent) were sold on the first day, an oversubscription as only 200 units were initially released for sale.
According to developer Qingjian Realty, the units were transacted at an average of $1,280 psf.
The studio and one- to three-bedroom units sized from 431 sq ft to 1,206 sq ft were the most popular among buyers. There are also four-bedders available from 1,130 sq ft to 1,528 sq ft.
In addition, the mixed-use development will have over 64,583 sq ft of commercial space comprising F&B outlets and retail units.
Home buyer Chen Si, 26, was one of the first to purchase a unit. “I plan to stay at Le Quest with my parents. We are drawn to the prospect of living close to new developments like the Jurong Lake District and Tengah. The price is reasonable considering the convenience of having everything we need in the development.”
Another buyer William Yeo, 37, an auditor based in Vietnam said: “I flew in two weeks ago to preview Le Quest and really liked what I saw. While I intend to stay here with my family, I also want a property that has high growth potential.”
Property analysts were not surprised about the enthusiastic response.
“Not many new developments are expected to launch in the area in the short term, so that is definitely a main factor in buyers’ consideration,” said Alan Cheong, Senior Director of Research & Consultancy at Savills.
Mohamed Ismail, CEO of PropNex Realty added: “Its Bukit Batok location is a huge draw with its proximity to up-and-coming projects like the Singapore-KL High Speed Rail Terminus and the rejuvenation by the Urban Redevelopment Authority’s Master Plan.”
Details on the next phase of sales will be announced later, said Qingjian. The 99-year leasehold project is expected to be completed by end-2021.