80 units were picked up by buyers at Le Quest during on the first weekend of its Phase II new launch sales. 115 units of at the mixed development site located at Bukit Batok were released by the Qingjian Realty Group (South Pacific) one week after the Phase II development was opened up for preview.
Yen Chong, the Group’s Deputy General Manager is happy with the opening and said that the enthusiasm seen among buyers during Phase I continued and people are appreciating the sophisticated lifestyle that Le Quest promises.
The new launch condo site which is short drive from Jurong East, second largest business district in Singapore has sold 280 units during on the very first day in August 2017.
That was an over subscription of 280 units as only 200 units had been made available back then.
As far as further plans for the property are concerned Ms Chong said that the developers were in no hurry to release rest of the available units for new launch sale.
The average price at the site being S$1,380 psf there is a healthy demand for the property as buyers would be able to buy a spacious four-bedroom unit starting at S$1.8 million.
There are all together 516 units at the site that comprise of one-bedded to four-bedded units. Le Quest mixed development would also have retail outlets, childcare centre, supermarket apart from food and beverage units spread over 6,000 sq m.
The price for one-bedroom apartments that have gained immense popularity starts at $703,000. The site is all set to earn TOP (Temporary Occupation Permit) by the end of 2021
Alan Cheong who is the senior director at Savills Singapore said in a statement that although the prices in Phase II had appreciated compared to Phase I buyers weren’t discouraged to queue up for buying as compared to most of the recent launches the prices remain competitive.
What adds to the incentive of Le Quest is that it is located in one of the growth regions across the island.
Ismail Gafoor, CEO of PropNex Realty said that the Qingjian Realty has adopted a good strategy to offer something for every budget and need and it is working for them.
Another of Qingjian Realty’s project is all set to launch by the end of 2018.
JadeScape that has come up at the site of Shunfu Ville, a former HUDC estate is located at the Marymount Road and Shunfu Road intersection. Being only a few minutes’ walk from the Marymount MRT Station this site too promises lots of incentives for the buyers.
There was another major launch last weekend with The Garden Residences opening up for preview.
The property has been jointly developed by Wing Tai Asia and Keppel Land at Serangoon Garden.
There was lots of enthusiasm among the buyers with more than 3000 people turning up for the preview.
The residential development comes with a 99-year leasehold and comprises of 5 fifteen-storey towers that would have 613 apartment units ranging from one-bedroom apartments to five-bedroom apartments and is expected to receive its Temporary Occupation Permit by Q3 2021