70 units at Le Quest sold on first day of Phase 2 sales

Romesh NavaratnarajahMay 21, 2018

Buyers at Le Quest crop

Buyers queuing to select their units at the Phase 2 launch of Le Quest on Saturday. (Photo: Qingjian Realty)

Le Quest, a mixed-use development by Qingjian Realty in Bukit Batok, saw 70 units sold during the first day of Phase 2 sales on Saturday (19 May).

The developer released 115 units for sale just a week after the showflat reopened for the Phase 2 preview.

More: Le Quest’s Proximity To New Jurong Region Line Drives Interest

“The enthusiastic response we saw in Phase 1 has continued this weekend. We should sell about 80 units by the end of this weekend,” said Qingjian Realty deputy general manager Yen Chong.

She noted that the company is “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 price of $1,380, buyers can get a four-bedroom unit from $1.8 million. So there will still be a steady demand.”

The 516-unit project comprises one- to four-bedroom units from 431 sq ft to 1,528 sq ft, as well as a supermarket, childcare centre, retail shops and F&B outlets.

Priced from $703,000, the one- and two-bedders were the most popular among first-time buyers who were drawn to the project’s location.

Alan Cheong, senior director of research and consultancy at Savills Singapore, noted that while prices of the units were slightly higher than those offered during the initial launch last year, the project remained “one of the most competitive among the recent launches”.

Le Quest is a short distance from the future Tengah Park MRT station on the Jurong Region Line, and is also close to the upcoming Jurong Lake District, which is slated to become Singapore’s second Central Business District.

The 99-year leasehold project is expected to be completed by end 2021.

Browse the latest units for sale at Le Quest.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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