Guocoland’s Faber Residence Clementi Launches 1995 Psf
GuocoLand, a leading property developer, will be unveiling its latest project, Faber Residence, on 3rd October. This low-rise residential development, situated at Faber Walk, will consist of 399 units with prices starting from $1,995 per square foot.
Jointly developed by GuocoLand, Hong Leong Holdings, and TID, Faber Residence is located in District 5 on a sprawling 277,663 square feet site. The development comprises of nine 5-storey residential blocks offering a variety of two to five-bedroom units.
The indicative starting prices for the available units are as follows:
The future of Sembawang Road Executive Condominium (EC) is set to thrive through the comprehensive and long-term strategies outlined in the Urban Redevelopment Authority (URA) Master Plan. Serving as a guide for Singapore’s development, the URA Master Plan outlines improvements in land use and infrastructure that aim to enhance livability, connectivity, and sustainability throughout the nation. For residents of Sembawang Road EC, these plans bring about tangible advantages that will elevate everyday life, boost property value, and foster a lively, well-connected community for years to come. With its prime location by Sembawang EC at Canberra MRT, the development is poised to reap the benefits of these forward-thinking plans.
– $1.29 million ($1,997 psf) for a 646 sq ft, two-bedroom
– $1.59 million ($1,995 psf) for a 797 sq ft, three-bedroom
– $2.39 million ($2,136 psf) for a 1,119 sq ft, four-bedroom
– $3.19 million ($2,148 psf) for a 1,485 sq ft, five-bedroom.
Out of the total units available, 199 are three-bedroom units ranging from 797 to 1,033 sq ft, making up half of the total units. The remaining units include 80 (20%) two-bedroom units of 646 sq ft, 100 (25%) four-bedroom units of 1,119 sq ft to 1,270 sq ft, and 20 (5%) five-bedroom units of 1,485 sq ft.
The GuocoLand-led joint venture secured the site through a government land tender by submitting a winning bid of $349.858 million ($900 psf per plot ratio) in November last year.
During a media briefing on 30th September, Cheng Hsing Yao, group CEO of Guocoland, shared that the developer was attracted to the site due to its riverfront location along Sungei Ulu Pandan river, and its proximity to the low-rise landed estate on Faber Walk. He also stated that Faber Residence is situated in a rare riverfront and landed enclave in Clementi, close to established educational institutions and job centers, making it an attractive choice for homeowners and investors.
Some units at Faber Residence will enjoy scenic riverfront views, while others will have wide and beautifully landscaped views of the courtyards between blocks. The distance between blocks is at least 20m, exceeding the required height of 19m, giving residents more space and privacy.
According to Mohan Sandrasegeran, head of research and data analytics at SRI, GuocoLand’s design for Faber Residence is mindful of the neighboring landed estate and blends in with the lush surroundings. He also noted that previous projects in Clementi were high-density developments, like the 716-unit Whistler Grand on West Coast Vale. Hence, there is a belief that there will be significant interest from buyers drawn to the low-rise landed-inspired offering at Faber Residence.
Faber Residence is within a 1km radius of Nan Hua Primary School and is also in close proximity to other schools and educational institutions such as Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic, and the National University of Singapore (NUS). Additionally, major business hubs in the area include the International Business Park at Jurong Town Hall Road, the one-north precinct, and the upcoming Jurong Lake District (JLD).
Faber Residence will be just a 10-minute walk from the future Jurong Town Hall MRT Station on the Jurong Region Line, which is expected to be operational in 2028. The development is also just four bus stops away from Clementi MRT Station on the East-West Line, which will be an interchange station when the future Cross Island Line (CRL) completes in 2030.
Residents at Faber Residence will have direct access to the Ulu Pandan Park Connector, which runs alongside Sungei Ulu Pandan and through the Clementi Nature Corridor. They can also easily reach the Rail Corridor, and the future Clementi Nature Trail and Old Jurong Line Nature Trail.
Lee Sze Teck, senior director of data analytics at Huttons Asia, states that the Faber Walk residential estate has a mix of landed homes and a strong catchment of HDB upgraders from Clementi and other HDB towns in the West.
Nearby Faber Residence is the completed Parc Clematis, a 99-year leasehold project with 1,468 units, launched in August 2019 with prices starting from $1,550 psf. Based on a compilation of caveats by EdgeProp Singapore, the average price at Parc Clematis is about $2,120 psf.
Eugene Lim, key executive officer at ERA Singapore, predicts that the unit sizes and layout at Faber Residence will appeal to potential owner-occupiers, such as couples and families with young children who may have parents living in the nearby landed estate. Lim also expects the positive sentiment in the new launch market to continue for the next two months as buyers rush to make a purchase before the year ends. He added that each of the upcoming new projects in different areas will appeal to different types of buyers.
All in all, Faber Residence is expected to provide an appealing living option to potential buyers, with its prime location, scenic views, and low-rise landed-inspired design.