Guocoland’s Faber Residence Clementi Launches 1995 Psf

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: GuocoLandFabre Residence, the latest residential development by GuocoLand, Hong Leong Holding and TID, is set to make its debut on Oct 3. Prices at the development on Faber Walk will start at $1,995 psf, as buyers eagerly await the chance to own one of the 399 units.The joint venture between GuocoLand, Hong Leong Holdings, and TID has been working hard to create a unique residential experience on the 277,663 sq ft site in District 5. Faber Residence consists of nine 5-storey residential blocks, offering a mix of two- to five-bedroom units.Indicative starting prices have been announced as follows: $1.29 million ($1,997 psf) for a two-bedroom unit measuring 646 sq ft; $1.59 million ($1,995 psf) for a three-bedroom unit measuring 797 sq ft; $2.39 million ($2,136 psf) for a four-bedroom unit measuring 1,119 sq ft; and $3.19 million ($2,148 psf) for a five-bedroom unit measuring 1,485 sq ft.Read also: Is it a Good Deal?: $830,000 for a five-room flat in ClementiFrom the total of 399 units, 199 of them are three-bedroom units measuring between 797 and 1,033 sq ft, making up half of the units. The remaining units consist of 80 (20%) two-bedroom units measuring 646 sq ft, 100 (25%) four-bedroom units measuring 1,119 to 1,270 sq ft, and 20 (5%) five-bedroom units measuring 1,485 sq ft.GuocoLand, Hong Leong Holdings, and TID jointly won the site in a government land tender with a bid of $349,858,000 ($900 psf per plot ratio) in November 2019. At a media briefing on Sept 30, Cheng Hsing Yao, group CEO of Guocoland, shared that the site’s location along the Sungei Ulu Pandan river and its proximity to the low-rise landed estate on Faber Walk were key factors in selecting this site. “Faber Residence is in a rare riverfront and landed enclave in Clementi, close to multiple established educational institutions and job centres, making it attractive to homeowners and investors,” he said.Read also: Is it a Good Deal?: $830,000 for a five-room flat in ClementiFabre Residence offers various views for its residents, including riverfront views and landscaped courtyard views between blocks. The developer has made sure to provide ample distance between blocks, with a distance of at least 20m, which surpasses the height of the 19m buildings.”GuocoLand’s design for Faber Residence is in line with the surroundings, taking into account the neighbouring landed estate and natural environment,” says Mohan Sandrasegeran, head of research and data analytics at SRI. In addition, Sandrasegeran notes that previous new developments in Clementi have been high-density projects such as Whistler Grand with its 716 units on West Coast Vale. “We anticipate strong interest from buyers who are attracted to Faber Residence’s low-rise landed-inspired offering,” he adds.The upcoming project is within 1km of Nan Hua Primary School, and other nearby schools and educational institutions include Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic and National University of Singapore (NUS). As for business hubs in the area, there is the International Business Park at Jurong Town Hall Road, the one-north precinct, and the upcoming Jurong Lake District (JLD).Read also: Clementi’s growth story: The next chapter with Faber ResidenceFaber Residence is a short 10-minute walk away from the future Jurong Town Hall MRT Station (expected to open in 2028) on the Jurong Region Line. The project is estimated to be completed in 2029. Additionally, the development is just four bus stops away from Clementi MRT Station on the East-West Line, which will then be an interchange once the future Cross Island Line (CRL) is operational in 2030.Residents of Faber Residence will have direct access to the Ulu Pandan Park Connector, which runs alongside Sungei Ulu Pandan and the Clementi Nature Corridor. Moreover, the Rail Corridor, as well as the future Clementi Nature Trail and Old Jurong Line Nature Trail, are all within reach for residents.”The Faber Walk residential estate is known for its blend of landed homes and a strong pool of HDB upgraders in Clementi, as well as other HDB towns in the West,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.Moreover, close by to Faber Residence is Parc Clematis, a 1,468-unit project situated at Jalan Lempeng. The 99-year leasehold project launched in August 2019 with prices starting from $1,550 psf and is expected to be completed in 2023. Based on EdgeProp Singapore’s compilation of caveats, the average price at Parc Clematis is approximately $2,120 psf.Eugene Lim, key executive officer at ERA Singapore, believes that the size and layout of units at Faber Residence will be appealing to owner-occupiers, such as couples and families with young children who may have elderly parents living in the nearby landed estate.Lim also predicts that the positive sentiment in the new launch market will continue for the next two months as buyers rush in to make their purchases before the end of the year. “Each of the upcoming new projects are in different areas and appeal to different types of buyers,” he says.Read also: GuocoLand earnings hit by China, but Singapore growth drives higher dividend payoutGuocoLand sells 92% of units at Springleaf Residence, with an average price of $2,175 psfSpringleaf Residence drew over 2,500 groups during three days of preview: GuocoLandThe 399-unit Faber Residence, developed by GuocoLand, Hong Leong Holdings, and TID, is set to be revealed to the public on Oct 3. With prices starting from $1,995 psf, buyers are eagerly anticipating their chance to own a unit in this low-rise residential development located on Faber Walk.This joint venture between GuocoLand, Hong Leong Holdings, and TID is dedicated to creating a unique living environment on the 277,663 sq ft site in District 5. Consisting of nine 5-storey residential blocks, Faber Residence offers a range of two- to five-bedroom units for its residents.Indicative starting prices have been announced at $1,997 psf for a two-bedroom unit measuring 646 sq ft, $1,995 psf for a three-bedroom unit measuring 797 sq ft, $2,136 psf for a four-bedroom unit measuring 1,119 sq ft, and $2,148 psf for a five-bedroom unit measuring 1,485 sq ft.Read also: Is it a Good Deal?: $830,000 for a five-room flat in ClementiOut of the total 399 units, 199 of them are three-bedroom units measuring between 797 to 1,033 sq ft, making up half of the units. The remaining units include 80 (20%) two-bedroom units measuring 646 sq ft, 100 (25%) four-bedroom units measuring 1,119 to 1,270 sq ft, and 20 (5%) five-bedroom units measuring 1,485 sq ft.GuocoLand, Hong Leong Holdings, and TID successfully won the site in a government land tender with a bid of $349,858,000 ($900 psf per plot ratio) in November 2019. At a media briefing on Sept 30, Cheng Hsing Yao, group CEO of Guocoland, shared that the site’s location along the Sungei Ulu Pandan river and its proximity to the low-rise landed estate on Faber Walk were key factors in selecting this site. “Faber Residence is located in a rare riverfront and landed enclave in Clementi, which is close to many prestigious academic institutions and business hubs, making it highly desirable to homeowners and investors,” he said.Read also: Is it a Good Deal?: $830,000 for a five-room flat in ClementiFabre Residence offers various views for its residents, including riverfront views and landscaped courtyard views between blocks. The developer has ensured that there is ample space between buildings, with a distance of at least 20m, which is higher than the height of the buildings measuring 19m.”GuocoLand has designed Faber Residence to blend in with the natural surrounding environment and neighbouring landed estate,” says Mohan Sandrasegeran, head of research and data analytics at SRI. Sandrasegeran adds that previous new developments in Clementi have been high-density projects such as Whistler Grand with its 716 units on West Coast Vale. “We expect significant interest from buyers who are attracted to Faber Residence’s low-rise landed-inspired offering,” he said.The upcoming project is situated within 1km of Nan Hua Primary School, and other nearby schools and educational institutions include Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic and National University of Singapore (NUS). For business hubs in the area, there is the International Business Park at Jurong Town Hall Road, the one-north precinct, and the upcoming Jurong Lake District (JLD).