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yesnomaybe
22-07-17, 08:05
http://le-quest-bukit-batok.com

tonymontana
22-07-17, 10:15
bukit batok 99LH at 1300 psf.! really, thousand years peak price. :p :p

henryhk
22-07-17, 11:28
bukit batok 99LH at 1300 psf.! really, thousand years peak price. :p :p

Better don't sell out!! If not I will migrate out,.....

Arcachon
22-07-17, 12:36
https://www.facebook.com/AnthonyNLynn/videos/944281345710892/

azeoprop
22-07-17, 13:28
Better don't sell out!! If not I will migrate out,.....

There is a chance that u might ha ha.:biggrin-new:

The location has high potential but 1300psf already priced in all that potential profits into the developers bank.

tonymontana
22-07-17, 17:24
https://www.facebook.com/AnthonyNLynn/videos/944281345710892/

where is this? today @ lequest? that crowded for this location? unbelievable.

Arcachon
22-07-17, 17:38
where is this? today @ lequest? that crowded for this location? unbelievable.

Hundred Palm, EC

PropVestor
25-07-17, 15:36
Was at the preview of Le Quest over the weekend with my wife. Was curious about any mixed development so drove up 20km from the East to take a look.

This location is really quite interesting. Right at the edge surrounded by brand new BTO flats and a forest at its back. The timing of the MOP of these flats with Le Quest is slightly off but not a significant point. If you are after the rental commercial units, business will be buzzing. Good to know that they are not strata title. Food court, childcare and Fairprice will draw in the crowds to compete with West Mall.

The real bug point for me is its location and indicative psf. It is located in a far corner at the end of Bukit Batok Ave 8 and there are no LRT/MRT upcoming. Counting the density, LTA might go put one stop at the upcoming Tengah instead of here. INZ residence EC might enjoy higher upside than this place due to its lower psf.

At the indicative $1,300 psf, QJ is rather bold as there are no real competitors. Unless you are buying for own stay with your kids, parents have to be around this area, investors are best to stay away. Parc Rivieria is more well placed per psf than this place. The upside to this is tied closely to the fate of nearby HDBs. Fast forward 6 years from now, young couples who live there might want to skip this district altogether and move closer to the most happening place in Jurong.

PS. The generator broke down while I am inside there. I was told that was not the first time. Viewed the showflat in complete darkness coupled with mobile phone light. Interesting experience but not very assuring. If you cannot even get your showflat right, what about the actual units?

2 cents,
PropVestor

tonymontana
25-07-17, 23:37
Amazed that you took a jaunt all the way to BB.

Purely IMO:
This location CMI la, I am reasonably familiar with the west side. I don't even know what all that hype about jurong is but at least there's massive redevelopment there.
however, i'm happy QJ is pricing it at 1300psf, it validates a lot of my long held beliefs.
The best parts of BB is about scenic calm and greenery, nature trail etc. This Le quest location doesn't have that feel.
Might as well buy cashew , dairy farm and hillview for D23, at that price point.

reporter2
26-07-17, 20:42
Bukit Batok mixed-use project set for preview this weekend

Jul 20, 2017

Wong Siew Ying


Chinese developer Qingjian Realty will open its first mixed-use development - Le Quest in Bukit Batok West - for preview this weekend.

The average selling price for private homes at the 516-unit project is about $1,280 per sq ft, the developer said yesterday.

Le Quest, a 99-year leasehold development, will also have more than 6,000 sq m of retail space on the ground floor, with about 30 per cent of the space already leased.

"We think this is a fair price. It is the first mixed development in the area... Looking at the market now, we are optimistic about response for the project," noted Ms Yen Chong, deputy general manager at Qingjian Realty (South Pacific) Group.

Le Quest will be launched for sale on Aug 5, with hopes that 150 apartments will go.

Sales of new private homes have been robust this year, boosted by positive market sentiment following the slight easing of certain cooling measures in March.

The homes at Le Quest - from studios to four-bedders - will be spread across five 12-storey blocks. There are 132 studio and one-bedroom units with sizes ranging from 431sq ft to 614sq ft.

Indicative prices for the studios start at $588,000, with one-bedders at $648,000, Qingjian said at a briefing yesterday.

Two-bedroom units, which span 592 to 829 sq ft, account for about 28 per cent of the development. They will cost at least $758,000.

Prices for the 192 three-bedders (818 to 1,206 sq ft) will start at $990,000, and the 48 four-bedroom apartments (1,130 to 1,528 sq ft) will start at $1.38 million.

Some analysts told The Straits Times that the prices seem to be on the high side.

"The average selling price is a bit rich for the neighbourhood and it is not near the MRT station. Buyers will be paying a premium," said International Property Advisor chief executive Ku Swee Yong.

On the commercial component, Ms Chong said despite the challenges facing the retail industry, Le Quest is drawing good response from prospective tenants.

Anchor tenant FairPrice Finest supermarket is set to take up more than 1,200 sq m, while foodcourt operator Koufu will occupy about 500 sq m.

The developer, which will be managing a mall for the first time here, is in talks with potential tenants, including fast-food joints and cafes, on leasing for another 20 per cent of the commercial space.

Ms Chong said the mall will have a "hipster/contemporary" theme, with 40 per cent of the retail space for food and beverage outlets and the remaining area going to other offerings.

Le Quest, which will feature smart-home technologies, is expected to be completed at the end of 2021.

This will be Qingjian's final new project launch this year.

The developer plans to launch a new development on the site of Shunfu Ville, which it acquired for $638 million via a collective sale last year, in the third quarter of next year.

reporter2
26-07-17, 20:59
Qingjian Realty to launch condo in Bukit Batok

Construction of the mixed-use development, a first for the developer in Singapore, is expected to be completed by November 2021

July 20, 2017

Chin Yong Chang


QINGJIAN Realty (South Pacific) Group said on Wednesday it is launching its first mixed-use development in Singapore.

Located in Bukit Batok, the development offers 516 residential units and 6,000 square metres of retail space. While the developer had yet to confirm estimated average rental price for its retail space, it said the average price for its residential units was S$1,280 per square foot (psf).

The 99-year-leasehold's sales launch will be on Saturday, and construction is expected to be completed by November 2021.

Qingjian Realty (South Pacific) deputy general manager Yen Chong said Koufu and NTUC FairPrice Finest were the two anchor tenants for Le Quest, and hopes to partner close to 100 tenants for its retail segment.

She expects more than 40 per cent of the retail units to be taken by food and beverage outlets, and the remaining space to be taken by other shops.

While the average price of S$1,280 psf may seem high for a Bukit Batok property, Ms Chong said: "It's a fair price for homeowners. This is what we think is a good price that people can afford."

She added that the site was near Jurong Lake District and the upcoming Jurong Innovation District.

One of the development's selling points is its use of technology to integrate the living and commercial units for homeowners.

For example, Koufu managing director Pang Lim said in Mandarin that he intended to integrate technologies such as robotics into the Koufu in Le Quest, potentially automating delivery services from Koufu to residents of the property.

When asked about the viability of the retail venture, Ms Chong noted the lack of commercial options in the development's vicinity meant there would be little competition for Le Quest's retail outlets. "There's really nothing else nearby. So far we've received a good mix of interested tenants, ranging from cafes to pharmacists to enrichment centres for children."

In May last year, Qingjian paid S$301.16 million - or S$637.57 per square foot per plot ratio (psf ppr) - to secure the 1.5-hectare site.

ZACD Group head of research and consultancy Nicholas Mak said: "It is becoming more common to see residential properties in the outer regions costing above S$1,100, like this one.

"The developer may have priced this property higher because they feel homeowners would pay more for a property if it is sitting atop a commercial centre."

He explained that even though the average price was comparatively high, it may be attributable to the large number of studio and one-bedroom units.

Qingjian said that of its 516 units, 36 are 431-sq-ft studio apartments, and 96 are 495-sq-ft to 614-sq-ft one-bedroom apartments.

Mr Mak said: "This means close to a quarter of the units on offer are considered small units, and it means that the average price is higher since smaller units tend to cost more per square foot."

According to Mr Mak, there have not been any property launches in the Bukit Batok area in at least a decade, the most recent one being the 280-unit The Jade condominium which launched in 2002.

He said this has caused a lack of supply in the immediate area, and thinks this could work in the developer's favour.

"Even though it is located quite far from central Singapore, there could still be demand in the form of Bukit Batok residents wanting to upgrade and move into better houses in the same area.

"In the future, the market may accept the S$1,280 per sq ft price and it could even become the new norm for that region," he said.

yesnomaybe
28-07-17, 18:33
http://le-quest-bukit-batok.com

Shuttle bus service to Bukit Batok and Jurong East MRT stations

new2mondrian
31-07-17, 20:25
deleted repeat post

new2mondrian
31-07-17, 20:26
Floor plan really cmi... I lost count of the number of aircon ledges in a small 980sqft unit.
At this rate, the QJ does not need to lay much aircon piping, since the condenser unit is right outside every room. Save cost, plus can charge the buyers for the psf on the unusable spaces. I have newfound respect for QJ. :encouragement:

Pricing this at $1280psf on average is really... wow...

bargain hunter
01-08-17, 14:21
market is fast running out of brand new mass market units. after the current 10xxpsf and 11xxpsf units are cleared out, possibly by the end of this year, the new base price becomes FROM 12xxpsf.

azeoprop
05-08-17, 12:28
market is fast running out of brand new mass market units. after the current 10xxpsf and 11xxpsf units are cleared out, possibly by the end of this year, the new base price becomes FROM 12xxpsf.

Balloting today seems like another overwhelming response.

Arcachon
05-08-17, 12:47
Balloting today seems like another overwhelming response.

The CMs can only hold so much water, Time will make it over flow.

Keep money in the Bank can only let you buy fewer things.

Just back from the coffee shop after 20 weeks overseas, 3 dollars fried fish noodle now 3.5 from July.

https://www.omnicalculator.com/math/percentage-increase

16.67% increase, don't know which bank offer this interest rate.

Later uncle close shop I go take a photo to show ok.

Arcachon
05-08-17, 14:26
https://scontent-sin6-1.xx.fbcdn.net/v/t1.0-9/20526364_10211229946877403_1229935585518401250_n.jpg?oh=12918ce9b71d1bbd5b27bbb6a70f9f33&oe=59ECB772

bargain hunter
05-08-17, 17:05
Balloting today seems like another overwhelming response.

u back in the market for purchase? :)

henryhk
05-08-17, 17:11
u back in the market for purchase? :)

Heard 50% sold....

bargain hunter
05-08-17, 17:48
Heard 50% sold....

that's about as strong as the high park residences launch earlier this year and there's still tomorrow.

azeoprop
05-08-17, 19:06
that's about as strong as the high park residences launch earlier this year and there's still tomorrow.

1 + study #09-01 $684k for 495sqft
Studio #14-02 $602k for 431sqft


And i thought property price index is the lowest in 3 years ha ha.

:scared-5::scared-5:

bargain hunter
05-08-17, 22:41
1 + study #09-01 $684k for 495sqft
Studio #14-02 $602k for 431sqft


And i thought property price index is the lowest in 3 years ha ha.

:scared-5::scared-5:

the latest land bids indicate that once the current 10xx and 11xxpsf units run out, the base will be from 12xxpsf. the quantum has not gone up much but making units a little smaller has the effect of making the psf go up more.

bargain hunter
06-08-17, 08:48
An agent said, "Showflat will be closed from Monday onwards until further notice." pulling the same stunt as park place, sure or not?

anythingwhatever
06-08-17, 10:00
Heard 50% sold....

It's in the papers, in fact close to 55%, with 280 out of 516 units sold on launch day.

bargain hunter
06-08-17, 11:09
http://www.straitstimes.com/business/property/strong-response-on-first-day-of-sales-at-le-quest-in-bukit-batok

Singapore - The latest project by Qingjian Realty (South Pacific) Le Quest drew a strong sales response on Saturday, the first day of its launch. 280 units were sold at mixed development Le Quest by the end of Saturday.

Le Quest comprises 516 studio and one- to four-bedroom units and over 6,000 square metres of commercial space. Studio to three-bedroom units were the most popular among buyers who booked their units on Saturday.

The residential units were transacted at an average of $1,280 per sq ft. Homebuyers were drawn to living in the region at affordable prices. Homebuyer Ms Chen Si, 26, was one of the first to purchase a unit today. The three-bedroom buyer said: "I plan to stay at Le Quest with my parents. We are drawn to the prospect of 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."

Another homebuyer Mr William Yeo, 37, an auditor who is based in Vietnam flew in specially to book his unit.

Deputy general manager of Qingjian Realty Ms Yen Chong said that the company "was glad that many homebuyers have chosen to journey with us and we will continue to support homeowners towards their desired lifestyles."

"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," said senior director of research & consultancy at Savills Alan Cheong.


Chief executive officer of PropNex Ismail Gafoor said: "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)'s Master Plan."

Details on the next phase of sales will be announced later. :playful: really gonna hold back huh...

bargain hunter
06-08-17, 11:20
http://prd.zaobao.com/news/singapore/story20170806-784872

zaobao makes it sound even more bullish.

confirmed the hold back phase 2 and hints at phase 2 being launched at higher prices in the future.

DC33_2008
06-08-17, 13:08
Just hope 280 buyers know what they are buying especially the smaller units. Developer is laughing to the bank.

azeoprop
06-08-17, 17:59
It's in the papers, in fact close to 55%, with 280 out of 516 units sold on launch day.

Apparently price has increased today. Studios prices up by around 10k. Greedy developer indeed.

teddybear
06-08-17, 18:31
Actually, developer can try shooting for the sky to $1500 psf and still have suckers!


Apparently price has increased today. Studios prices up by around 10k. Greedy developer indeed.

bargain hunter
06-08-17, 21:50
Apparently price has increased today. Studios prices up by around 10k. Greedy developer indeed.

how many sold today? they also used the tactic of closing the showflat tomorrow and subsequent phase 2 to be higher price to entice more buyers to buy today.

azeoprop
06-08-17, 21:56
how many sold today? they also used the tactic of closing the showflat tomorrow and subsequent phase 2 to be higher price to entice more buyers to buy today.

Not too sure though. Selling out on launch weekend makes big news but bad profits. So sell over 50% to make enough publicity and hype so can launch phase 2 at higher prices for greater profits.

Arcachon
06-08-17, 22:22
Not too sure though. Selling out on launch weekend makes big news but bad profits. So sell over 50% to make enough publicity and hype so can launch phase 2 at higher prices for greater profits.

Depends whether the developer is listed developer or not.

UOL will sell all on the first day if they can.

anythingwhatever
06-08-17, 22:43
Depends whether the developer is listed developer or not.

UOL will sell all on the first day if they can.

Vaguely recalled Katong Regency (on top of 1KM) was sold within a day, IIRC.

anythingwhatever
06-08-17, 22:46
how many sold today? they also used the tactic of closing the showflat tomorrow and subsequent phase 2 to be higher price to entice more buyers to buy today.

280 out of 516 units, around 55%:

http://www.straitstimes.com/business/property/strong-response-on-first-day-of-sales-at-le-quest-in-bukit-batok

bargain hunter
07-08-17, 06:23
280 out of 516 units, around 55%:

http://www.straitstimes.com/business/property/strong-response-on-first-day-of-sales-at-le-quest-in-bukit-batok

that was for sat. they did sell some more on sun before the showflat closed. heard that the number is closer to 300 units sold.

henryhk
07-08-17, 18:21
Bukit Batok not v convenient to go to town and also not near mrt.....not easy to find rental, for newbies, can convince, for old bird like me, wouldn't want to throw good money away!

bargain hunter
07-08-17, 19:02
Bukit Batok not v convenient to go to town and also not near mrt.....not easy to find rental, for newbies, can convince, for old bird like me, wouldn't want to throw good money away!

yeah. but as zaobao quoted, a lot of NEWBIES and PENT UP UPGRADER DEMAND. unstoppable trend. cheap quantum brand new fast selling.

Laguna
07-08-17, 19:37
yeah. but as zaobao quoted, a lot of NEWBIES and PENT UP UPGRADER DEMAND. unstoppable trend. cheap quantum brand new fast selling.

season buyers or investors will not be keen in this project.

teddybear
07-08-17, 20:48
No different from people paying >$1500 psf to buy Jurong and have free "smokes" and "perfume" (or what chemical smell is that?!)
There are always lots of newbies playing up to the hype of the month / season...............


Bukit Batok not v convenient to go to town and also not near mrt.....not easy to find rental, for newbies, can convince, for old bird like me, wouldn't want to throw good money away!

azeoprop
07-08-17, 21:00
No different from people paying >$1500 psf to buy Jurong and have free "smokes" and "perfume" (or what chemical smell is that?!)
There are always lots of newbies playing up to the hype of the month / season...............

1 bedroom for J gateway renting about 1900 to 2500. Yield is quite low for the purchase price.

teddybear
07-08-17, 21:02
Ehh........ So that is the reason Ringo33 has disappeared???????


1 bedroom for J gateway renting about 1900 to 2500. Yield is quite low for the purchase price.

bargain hunter
07-08-17, 23:08
but there are a lot of eager upgraders. just heard of people who wanted to give cheque for le quest only to realise 5 year MOP for hdb not up yet. :p

aspirations
07-08-17, 23:13
too expensive! if BB outskirts (not BB central) can achieve such PSF.. what about other more desirable locations?
this one is in OCR, not near the MRT, hardly any amenities around currently.. the only selling point is that it is a mixed- development with commercial on the first few floors. wonder hows that good enough to be sold at 1280 psf average?

reporter2
15-08-17, 00:04
Le Quest sells all units launched on first day

Buyers pay average S$1,280 per sq ft for 280 homes at the Bukit Batok project

August 7, 2017

Judith Tan


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.

bargain hunter
15-08-17, 13:48
Initial caveats show 286 units sold for Le Quest

bargain hunter
25-05-18, 15:51
70 caveats lodged for Le Quest in May 2018 at 1436psf weighted average price.

354 units sold.

reporter2
28-05-18, 21:45
Buyers snap up 80 units at Le Quest Phase Two sales

MAY 21, 2018

TAN HWEE HWEE

LE QUEST, a Qingjian Realty (South Pacific) Group mixed development project in Bukit Batok, sold about 80 units during the first weekend of its Phase Two sales.

Qingjian Realty has offered 115 units for sale, 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."

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. That in effect, translated to an oversubscription as only 200 units were initially released for sale.

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 S$1,380, buyers can get a four-bedroom unit in the mixed-use development Le Quest from S$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 on Saturday.

"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, in 2018.

It is located at the intersection of Shunfu Road and Marymount Road, within easy walking distance of Marymount MRT station.

On Saturday, Keppel Land and Wing Tai Asia's joint development in Serangoon Garden, The Garden Residences, also opened for preview. The event drew over 3,000 visitors. The Garden Residences is a 99-year leasehold residential development. The project features five 15-storey towers that will yield in total 613 units, comprising one- to five-bedroom units. It is expected to receive TOP by the third quarter of 2021.

kclai
18-06-19, 19:10
78% SOLD! NEW CONDOMINIUM WITH CHILDCARE CENTRE, SUPERMARKET, RETAIL SHOPS AND MORE...
UNITS READY END 2021

1) First Mixed Development in Bukit Batok West
2) Attractively priced 3 bedrooms
3) Full condo facilities include gym, swimming pool and tennis court
4) Includes childcare centre, supermarket, foodcourt and retail shop
5) Only mins drive to Singapore 2nd CBD – Jurong Lake District
6) 10 mins drive to Jurong shopping belt – JEM, IMM, Westgate
7) What to look for in future:
In 2027 - Tengah Park MRT Station on Jurong Region Line which is within 500m away
Up and coming Jurong Lake District, Jurong Innovation District, Tengah Township

Interested, please call 86455070 to arrange viewing

Le Quest (http://www.sgpropertyshelf.com/properties/le-quest/)

Arcachon
18-06-19, 19:37
78% SOLD! NEW CONDOMINIUM WITH CHILDCARE CENTRE, SUPERMARKET, RETAIL SHOPS AND MORE...
UNITS READY END 2021

1) First Mixed Development in Bukit Batok West
2) Attractively priced 3 bedrooms
3) Full condo facilities include gym, swimming pool and tennis court
4) Includes childcare centre, supermarket, foodcourt and retail shop
5) Only mins drive to Singapore 2nd CBD – Jurong Lake District
6) 10 mins drive to Jurong shopping belt – JEM, IMM, Westgate
7) What to look for in future:
In 2027 - Tengah Park MRT Station on Jurong Region Line which is within 500m away
Up and coming Jurong Lake District, Jurong Innovation District, Tengah Township

Interested, please call 86455070 to arrange viewing

Le Quest (http://www.sgpropertyshelf.com/properties/le-quest/)

To know whether it is a good buy or not just need to listen to the small Boys and little girls and do the opposite.

It happens since 2006 from skyscarper forum to condosingapore maybe some from hardwarezone.

Wonder when will they grow up.

bigfart
15-06-20, 16:06
Yo Owners of Le Quest, i'm collecting keys in 2 wks time, any what apps grp that i can join?

Any of the Admin can add me in? thanks!

96958589 - Darren

Lord Anus
15-06-20, 16:14
In before super agent extraordinaire and FB condo group monopoly oligarch Arachon