Le Quest Pricing Details
Price Comparison Le Quest Condo and other condos near the area. Details of 11 bidders for the Bukit Batok West Avenue 6 land parcel. Quick Enquiry: +65 6100 8200
Le Quest New Condo Tender Summary @ Bukit Batok West
There are total 11 bidders for the Bukit Batok West Avenue 6 land parcel and the tender was closed on 24th May 2016. The competitive bidding was due to recent reduction in the number of land sales by Government Land Sales Programme.
Qingjian Realty won the Bukit Batok land tender.
Qingjian Realty had won the tender by submitted the top bid of $301million which was 8.3% higher than the 2nd-bid of $277.98million by Allgreen Properties. The per-square-foot per plot ratio worked out to be $634.56, and the expert predicted the launching price will be between $1250psf to $1350psf.
Le Quest Condo Pricing – 11 Developers Tenderred Bidding Price
|Ranking||Name of Tenderer||Tendered Price $||$PSM of GFA|
|01||Qingjian Realty (BBR) Pte Ltd. and Qingjian Realty (BBC) Pte Ltd.||301,160,000.00||6,830.42|
|02||Allgreen Properties Limited||277,980,000.00||6,304.69|
|03||Wee Hur Development Pte Ltd||268,000,000.00||6,078.34|
|04||Zenmost Developments Pte. Ltd. and Zenlead Investments Pte. Ltd.||257,222,000.00||5,833.89|
|05||China Construction (South Pacific) Development Co. Pte. Ltd.||255,188,888.00||5,787.78|
|06||First Bedok Land Pte Ltd and GLL A Pte. Ltd.||253,000,000.00||5,738.13|
|07||TTH Development Pte Ltd and Kay Lim Realty Pte Ltd||221,100,000.00||5,014.63|
|08||CEL Real Estate Development Pte. Ltd.||209,000,000.00||4,740.20|
|09||Mezzo Development Pte Ltd||200,000,000.00||4,536.07|
|10||Low Keng Huat (Singapore) Limited||195,000,000.00||4,422.67|
|11||Sim Lian Land Pte Ltd||188,000,000.00||4,263.91|
Le Quest Condo Nearby Condos Price Comparison
- The Jade, an executive condominium in the Bukit Batok area, S$3,000 to S$4,000 / month.
- The Dew, S$2,500 to S$3,000 / month.
- Guilin View, $2,800- $3,800 / month and buying prices over S$1 million
- The Madeira condo, $2,300- $3,800 / month
Breakeven Price for Le Quest CondoWith the land price of S$635 per sqft (psf) per plot ratio, the estimated break-even prices for the residential space in the new condominiums to be developed on the site range from S$920 psf to S$980 psf.
Estimated Launch Price for Le Quest CondoBased on the past few launches, it is estimated that the launch price will be approximately $1,280 psf . Take note that this is NOT the final selling price as Qingjian Realty Pte Ltd will do their comparative market analysis and price accordingly. To avoid buying at a premium while enjoying the preview discount for the best purchase price, start by registering for the WIP preview today.
Selling Price for Le Quest Condo
Qingjian has not released any indicative pricing for Le Quest. Please register early to keep yourself informed of the latest price when ready. To enjoy official direct developer price and pay zero commission, it is recommended to register for VVIP preview. (Latest Update 12th June: Target selling price will be priced way back to the year 2010 market! The cheapest unit will go as a low as $5xxk, how good it is for a mixed development in today’s market. Le Quest target price list will be released early July 2017.
Le Quest Surrounding & Potential Upside
Le Quest will be the first condominium development in Bukit Batok after more than a decade wait. At the moment, there are few new HDB estates been build around Le Quest Condo. In the near future, HDB upgraders who wish to upgrade their home to condominium will very likely to aim at Le Quest not only due to its rarity but also due to its mixed-development status.
In 2018 when Tengah HDB new town start to launch, it will create more HDB upgraders demand and push the Le Quest price upward. The future Master Plan on Jurong Lake District and Jurong Innovation District will also have a positive impact on the Bukit Batok development. Buyers or investor who secure an unit at Le Quest will has the first mover advantage in the near future when more HDB owners wish to upgrade their dream home to condominium.
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