Archive for category: Misc

As of Oct 18–19, two private residential developments were launched — Penrith at Margaret Drive and Faber Residence at Faber Walk in Clementi Avenue 6. These two projects saw overwhelming response from buyers, with a total of 790 units sold over the launch weekend. This shows the resilience of the mass-market housing demand in Singapore, as well as the strong sales performance of both developers.The joint developers of Penrith at Margaret Drive, Hong Leong Holdings, Hong Realty, and GuocoLand, have reported that 97% of the 462 units have been sold as of 4pm on Oct 18. The average price per square foot (psf) exceeded $2,800, which showcases the popularity of the project among buyers.Faber Residence, which is a joint venture between GuocoLand and Hong Leong Holdings, also experienced a strong sales response with 86% of the 399 units taken up over the launch weekend at an average price of $2,160 psf. Interested buyers can obtain the latest information on available units and prices for Faber Residence.The success of these two projects can be attributed to factors such as their desirable locations and competitive pricing. According to GuocoLand’s residential director, Dora Chng, buyers were drawn to Faber Residence’s riverfront setting, close proximity to established schools, and direct access to the Ulu Pandan Park Connector.Mohan Sandrasegeran, head of research and data analytics at SRI, notes that the attractive pricing was made possible by the developers’ acquisition of the site at a lower cost per plot ratio (ppr) compared to other projects in the Outside Central Region (OCR). This, in turn, allowed them to offer a more competitive price point for buyers looking for value in a mature and well-connected estate.Market sentiment also remains positive, with factors such as lower interest rates, improving economic conditions, and a steady pipeline of affordably priced launches contributing to the strong demand for private residential properties. Families were particularly drawn to Faber Residence due to its close proximity to highly sought-after schools such as Nan Hua Primary School and Clementi’s education belt.Kelvin Fong, CEO of PropNex, believes that the successful launch of Faber Residence, which is the final OCR project of 2025, further demonstrates the resilience of the mass-market housing demand in Singapore. He also observes that compact two- and three-bedroom units were the most popular choices among buyers, indicating the project’s appeal to families.Marcus Chu, CEO of ERA Singapore, highlights Faber Residence’s excellent connectivity, with upcoming MRT stations and major expressways within walking distance. He believes that the project’s location, in close proximity to Singapore’s second CBD, positions it perfectly to benefit from the government’s plans to transform the Jurong Lake District.ERA Singapore’s CEO, Marcus Chu, also notes that Faber Residence’s location will be attractive to professionals who value convenience and connectivity. This sentiment is reflected in the strong sales of OCR projects this year, with 3,811 new private homes sold in the first nine months of 2025, more than double the number of units sold in the same period last year.Faber Residence’s successful launch adds to the string of well-received OCR projects this year, demonstrating the renewed confidence among buyers in the private residential market. This is a promising sign for both the developers and the overall property market. With its rare waterfront living and desirable location in a private enclave, Faber Residence is set to be a popular choice among buyers seeking a well-connected and family-friendly home in Clementi’s upcoming growth story.

Nestled along Jalan Loyang Besar in District 18, Coastal Cabana EC offers its residents a desirable location at the convergence of top-notch rail connections, major roads, and expressways. Developed by the reputable Qingjian Realty, this executive-style community capitalizes on the excellent transport network in the Pasir Ris area to ensure convenient access to all parts of Singapore. Whether you need to commute to the Central Business District, work in the bustling Changi Business Park, or run errands around the neighborhood, Coastal Cabana has you covered.