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Thread: Le Quest mixed development by Qingjian

  1. #21
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    Quote Originally Posted by henryhk View Post
    Heard 50% sold....
    that's about as strong as the high park residences launch earlier this year and there's still tomorrow.

  2. #22
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    Quote Originally Posted by bargain hunter View Post
    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.


  3. #23
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    Quote Originally Posted by azeoprop View Post
    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.

    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.

  4. #24
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    An agent said, "Showflat will be closed from Monday onwards until further notice." pulling the same stunt as park place, sure or not?

  5. #25
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    Quote Originally Posted by henryhk View Post
    Heard 50% sold....
    It's in the papers, in fact close to 55%, with 280 out of 516 units sold on launch day.

  6. #26
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    http://www.straitstimes.com/business...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. really gonna hold back huh...

  7. #27
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    http://prd.zaobao.com/news/singapore...0170806-784872

    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.

  8. #28
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    Just hope 280 buyers know what they are buying especially the smaller units. Developer is laughing to the bank.

  9. #29
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    Quote Originally Posted by anythingwhatever View Post
    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.

  10. #30
    OCR properties going to crash!

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    Actually, developer can try shooting for the sky to $1500 psf and still have suckers!

    Quote Originally Posted by azeoprop View Post
    Apparently price has increased today. Studios prices up by around 10k. Greedy developer indeed.

  11. #31
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    Quote Originally Posted by azeoprop View Post
    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.

  12. #32
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    Quote Originally Posted by bargain hunter View Post
    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.

  13. #33
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    Quote Originally Posted by azeoprop View Post
    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.

  14. #34
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    Quote Originally Posted by Arcachon View Post
    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.

  15. #35
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    Quote Originally Posted by bargain hunter View Post
    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...in-bukit-batok

  16. #36
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    Quote Originally Posted by anythingwhatever View Post
    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.

  17. #37
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    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!

  18. #38
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    Quote Originally Posted by henryhk View Post
    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.

  19. #39
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    Quote Originally Posted by bargain hunter View Post
    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.

  20. #40
    OCR properties going to crash!

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    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...............

    Quote Originally Posted by henryhk View Post
    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!

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