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Le Quest sells all units launched on first day
LE QUEST, a Qingjian Realty (South Pacific) Group mixed development project in Bukit Batok, sold 280 units on its first day of sales on Saturday.
The take-up was an oversubscription as only 200 were initially released for sale. The developers said studio to three-bedroom units were the more popular units.
Comprising 516 studio and one- to four-bedroom units and over 6,000 sq m of commercial space, Le Quest is the first mixed-use development in Bukit Batok West, and the first new private development in Bukit Batok in over a decade.
Deputy general manager of Qingjian Realty Yen Chong said: "The enthusiastic response gives us confidence that Qingjian Realty is delivering what homebuyers want - fuss-free, convenient living empowered by technology." The residential units were sold at an average of S$1,280 per sq ft and homebuyers were drawn to "living in the up-and-coming Western region at affordable prices".
One of the first to buy a unit on Saturday was Ms Chen Si, 26, who planned to live in a three-bedroom unit with her parents.
"We are attracted to 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," she said.
Savills senior director of Research & Consultancy Alan Cheong said: "Bukit Batok is an area with large growth potential - with Le Quest and the full slate of plans for the West of Singapore. 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."
Agreeing, PropNex chief executive officer Ismail Gafoor said the enthusiastic response on the first day of sales at Le Quest was no surprise.
"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 (URA) Master Plan," he said.
Details on the next phase of sales will be announced later. Temporary Occupation Permit (TOP) is expected by end-2021.