Potential buyers at the re-opening of Qingjian Realty’s Le Quest showflat last Saturday. (Photo: Qingjian Realty)
Chinese developer Qingjian Realty reopened the showflat of Le Quest at Bukit Batok Avenue 8 for the Phase 2 preview last Saturday (12 May) to an “enthusiastic market response”.
“We had many visitors over the weekend who were excited by how close Le Quest will be to the Tengah Park station on the upcoming Jurong Region Line (JRL). It is very encouraging, and we believe many more buyers in the market will turn their attention to Le Quest,” said Qingjian deputy general manager Yen Chong.
The 24km-long JRL will open in three phases from 2026 and will shorten travel times within the western part of Singapore, the Land Transport Authority said last week.
More: Le Quest Phase 2 Preview To Open On Saturday
For the Phase 2 launch of Le Quest this Saturday (19 May), buyers will have a choice of one- to four-bedroom units from 431 sq ft to 1,528 sq ft.
Prices of the three- and four-bedders will start from $1.12 million and $1.49 million respectively, notably higher than initial launch prices last August, which saw the three-bedders going at $900,000 and four-bedders from $1.38 million.
Despite the price hike, Alan Cheong, senior director of research & consultancy at Savills Singapore, said: “Indicative prices in this phase are competitive given the current market conditions.”
According to PropertyGuru’s Property Market Outlook report, prices of new launches are expected to be at least 5.0 percent higher than last year.
Le Quest is the first mixed-use development in Bukit Batok. The 99-year leasehold project will also house a childcare centre, a supermarket, retail shops and F&B outlets spread over 64,583 sq ft.
It is expected to be completed by end 2021.
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Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email email@example.com