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Thread: Le Quest mixed development by Qingjian

  1. #1
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    Default Le Quest mixed development by Qingjian


  2. #2
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    bukit batok 99LH at 1300 psf.! really, thousand years peak price.

  3. #3
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    Quote Originally Posted by tonymontana View Post
    bukit batok 99LH at 1300 psf.! really, thousand years peak price.
    Better don't sell out!! If not I will migrate out,.....

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    Quote Originally Posted by henryhk View Post
    Better don't sell out!! If not I will migrate out,.....
    There is a chance that u might ha ha.

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

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

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    Quote Originally Posted by tonymontana View Post
    where is this? today @ lequest? that crowded for this location? unbelievable.
    Hundred Palm, EC

  8. #8
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    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

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    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.

  10. #10
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    Default Bukit Batok mixed-use project set for preview this weekend

    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.

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