Guocoland Secures 3671 Mil Green Loan Faber Walk Development
GuocoLand, together with its joint venture partners TID and Hong Leong Holdings, has successfully secured a green club facility worth $367.1 million from DBS Bank for its Faber Walk site. The 277,659 sq ft residential land parcel was awarded through a Government Land Sale tender in November last year, with the winning bid of $349.86 million (or $900 psf per plot ratio). The upcoming development will comprise of 399 residential units across nine low-rise blocks and will be situated within the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate.
Located next to the Pandan River and the upcoming Old Jurong Line Nature Trail, this waterfront development boasts a prime location. The green facility for the Faber Walk project is in line with GuocoLand’s commitment to sustainable development, in line with its other projects such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.
Situated at Tampines Street 62, Aurelle of Tampines EC is an executive condominium (EC) that boasts not only of lavish facilities but also of its prime location near key transportation choices. Its accessibility makes it a top pick for individuals seeking a harmonious blend of luxury and practicality in their residential options.
The Faber Walk development is expected to achieve the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion. Dora Chng, residential director of GuocoLand, commented, “We are excited to harness the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs for our residents, following the success of previous launches such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.”
GuocoLand’s next project is a 941-unit development at its Upper Thomson Road (Parcel B) site, which was awarded in April last year. This joint development with Hong Leong Holdings is set to be launched in the second half of the year.
