SINGAPORE - Le Quest, a Qingjian Realty (South Pacific) Group mixed development project in Bukit Batok, sold 70 units on the first day of its Phase Two sales.
Qingjian Realty has offered just 115 units for sale on Saturday (May 19), just a week after it opened up the development for Phase Two preview.
Deputy General Manager, Yen Chong said: "Homeowners clearly appreciate the tech-enabled lifestyle offered at Le Quest. The enthusiastic response we saw in Phase One has continued this weekend. We should sell about 80 units by the end of this weekend."
Last August, the mixed development, which is a short drive away from Singapore's second central business district in Jurong East, sold 280 units on the first day of sales.
Speaking on future plans for Le Quest, Ms Chong said that the developer is "not in a hurry to release the rest of the units".
"With an average psf of $1,380, buyers can get a four-bedroom unit in the mixed-use development Le Quest from $1.8 million. So there will still be a steady demand."
The 516-unit development with one- to four-bedroom units will house a childcare centre, a supermarket, retail outlets and other food and beverage establishments over 6,000 square metres. Prices for one-bedroom and two-bedroom units, which proved popular among new buyers, start from S$703,000.
Senior director of Research & Consultancy at Savills Singapore, Alan Cheong noted that prices of the units offered in Phase Two, though higher than at first launch, did not deter buyers from snapping up the units.
"Despite the increase, it is still one of the most competitive among the recent launches. Buyers who are looking for growth regions across the island will find it a good buy," he said.
PropNex Realty's CEO, Ismail Gafoor said that the developer's "strategy of catering to all homebuyers" with "a good mix of one-bedroom to four-bedroom units" worked.
Le Quest is expected to receive its Temporary Occupation Permit (TOP) by end-2021.
Qingjian Realty is planning to launch JadeScape, formerly the HUDC estate known as Shunfu Ville, this year.
It is located at the intersection of Shunfu Road and Marymount Road, within easy walking distance of Marymount MRT station.