Guocoland’s Faber Residence Clementi Launches 1995 Psf

Faber Residence to preview on Oct 3 with prices starting from $1,995 psfJointly developed by GuocoLand, Hong Leong Holdings, and TID, Faber Residence, located in District 5, will be previewing on Oct 3. The low-rise residential development at Faber Walk will consist of nine 5-storey blocks with a total of 399 units.Indicative starting prices for the units are as follows: $1.29 million (equivalent to $1,997 per square foot) for a two-bedroom, 646 square foot unit, $1.59 million ($1,995 psf) for a three-bedroom, 797 sq ft unit, $2.39 million ($2,136 psf) for a four-bedroom, 1,119 sq ft unit, and $3.19 million ($2,148 psf) for a five-bedroom, 1,485 sq ft unit. This is according to a media briefing held by GuocoLand’s group CEO, Cheng Hsing Yao, on Sept 30.The project is situated on a 277,663 sq ft site in the Clementi area and is expected to be completed in 2029. The joint venture led by GuocoLand was awarded the site after submitting the winning bid of $349.858 million (equivalent to $900 per square foot per plot ratio) in November last year.Cheng shared that the developers were attracted to the site’s riverfront location next to Sungei Ulu Pandan river and its proximity to the low-rise landed estate in Faber Walk. He also mentioned that Faber Residence is located in a rare enclave of riverfront and landed properties in Clementi, making it highly appealing to homeowners and investors. The project boasts a mix of two- to five-bedroom units and offers a total of 199 three-bedroom units, making up half of the units in the development. The remaining units comprise 80 (20%) two-bedroom units of 646 sq ft, 100 (25%) four-bedroom units of 1,119 sq ft to 1,270 sq ft, as well as 20 (5%) five-bedroom units of 1,485 sq ft.According to Mohan Sandrasegeran, the head of research and data analytics at SRI, this project is unlike previous developments in Clementi which were high-density. He believes that its low-rise and landed-inspired concept will be attractive to potential buyers. He added that the horizontal distance between the blocks is at least 20m apart, exceeding the height of the 19m buildings, which reflects GuocoLand’s thoughtful design for the development that blends seamlessly with the surrounding lush environment.Some units will enjoy gorgeous views of the riverfront, while others will have expansive views of the landscaped courtyards. Faber Residence is strategically located close to major business hubs like the International Business Park, one-north precinct and the upcoming Jurong Lake District. For educational options, it is within 1 km of Nan Hua Primary School, while other schools and institutions in the vicinity include Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic and the National University of Singapore (NUS). The development is just a short walk from the future Jurong Town Hall MRT Station on the upcoming Jurong Region Line which is expected to be operational in 2028. Clementi MRT station on the East-West Line is just four bus stops away. When the future Cross Island Line (CRL) is completed in 2030, Clementi MRT Station will be an interchange.Residents can also look forward to having direct access to Ulu Pandan Park Connector which runs alongside Sungei Ulu Pandan within the Clementi Nature Corridor. The Rail Corridor and the future Clementi Nature Trail and Old Jurong Line Nature Trail are all within easy reach for residents.”Faber Residence also benefits from the mixed cluster of landed and HDB properties in the Faber Walk residential estate and the strong demand from HDB upgraders in Clementi and the surrounding areas,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. Clementi’s Parc Clematis is located near Faber Residence, with 1,468 units. Its average price based on a compilation of caveats by EdgeProp Singapore is around $2,120 psf.While GuocoLand has a strong presence in China, its earnings have been affected by the COVID-19 pandemic. However, the developer’s performance in Singapore has helped to drive its higher dividend payout. Eugene Lim, key executive officer at ERA Singapore, says there has been a great deal of positive sentiment in the new launch market and this is expected to continue in the next two months. He adds that each of the upcoming new projects will appeal to different types of buyers depending on their location.Close to Faber Residence is the 99-year leasehold Parc Clematis at Jalan Lempeng. The project, featuring 1,468 units, was launched in August 2019 with prices starting from $1,550 psf and is expected to be completed in 2023. Data from EdgeProp Singapore showed that the average price at Parc Clematis is at around $2,120 psf. Lim believes that the size and layout of the units at Faber Residence will be resonant with owner-occupiers, particularly young families and couples, due to its proximity to the landed estate where their parents may be residing. As the year draws to a close, Lim anticipates that demand for new launches will remain strong and this will likely lead to a spike in sales within the next two months. He concludes by saying that the upcoming new projects are all located in different areas and this will determine its appeal to different types of buyers.
On October 3, GuocoLand will be giving a sneak peek of the highly anticipated Faber Residence, which consists of 399 units. The low-rise residential development located at Faber Walk is priced at $1,995 per square foot.

The 277,663 square feet site, situated in District 5, was jointly developed by GuocoLand, Hong Leong Holdings, and TID. It features nine 5-storey residential blocks with a mix of two- to five-bedroom units. The starting prices for the units are:

– A two-bedroom unit with 646 square feet is priced at $1.29 million ($1,997 per square foot)
– A three-bedroom unit with 797 square feet is priced at $1.59 million ($1,995 per square foot)
– A four-bedroom unit with 1,119 square feet is priced at $2.39 million ($2,136 per square foot)
– A five-bedroom unit with 1,485 square feet is priced at $3.19 million ($2,148 per square foot)

According to Cheng Hsing Yao, group CEO of GuocoLand, the reason for choosing this site was its prime location with a riverfront view of Sungei Ulu Pandan river and the surrounding low-rise landed estate on Faber Walk. He also added that the Faber Residence is a rare gem being situated in a riverfront and landed property enclave in Clementi, making it a highly sought-after property for both homeowners and investors.

The development offers a mix of two- to five-bedroom units, with 199 three-bedroom units making up half of the total units. The rest of the units are divided into 80 (20%) two-bedroom units, 100 (25%) four-bedroom units, and 20 (5%) five-bedroom units. The development was awarded to GuocoLand-led joint venture after winning the government land tender with a bid of $349.858 million ($900 per square foot per plot ratio) in November last year.

Mohan Sandrasegeran, head of research and data analytics at SRI predicts that Faber Residence will attract buyers with its low-rise and landed-inspired concept, unlike previous developments in Clementi that were high-density. He also pointed out the horizontal distance between the blocks that is at least 20 meters apart, exceeding the height of the 19-meter buildings, which reflects the thoughtful design of GuocoLand that blends perfectly with the lush environment surrounding it.

Some units offer stunning views of the riverfront, while others will enjoy the expansive views of the landscaped courtyards between blocks. Located close to major business hubs such as the International Business Park, one-north precinct, and the upcoming Jurong Lake District, the development is expected to appeal to buyers looking for a convenient location. Educational options within 1km include Nan Hua Primary School, while other nearby schools and institutions include Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic, and National University of Singapore (NUS). The future Jurong Town Hall MRT Station on the upcoming Jurong Region Line, expected to be operational in 2028, is a 10-minute walk from Faber Residence. The development is also 4 bus stops away from Clementi MRT Station on the East-West Line, which will be an interchange once the future Cross Island Line (CRL) is completed in 2030.

Residents can also enjoy direct access to Ulu Pandan Park Connector, which runs along Sungei Ulu Pandan within the Clementi Nature Corridor. The Rail Corridor, as well as the future Clementi Nature Trail and Old Jurong Line Nature Trail, will also be easily accessible for residents.

Lee Sze Teck, senior director of data analytics at Huttons Asia, states that the mix of landed and HDB properties in the Faber Walk residential estate, along with the strong demand from

In keeping up with the current advancements in the development of executive condominiums (EC), the project may incorporate cutting-edge smart home features, energy-saving appliances, and environmentally-friendly fixtures. These upgrades not only support sustainability objectives but also offer a contemporary, forward-thinking living experience. Additionally, numerous modern ECs, including the Miltonia Close EC, have also integrated co-working spaces, wellness areas, and electric vehicle charging stations, reflecting the evolving lifestyle preferences of today’s homebuyers.