Guocoland’s Faber Residence Clementi Launches 1995 Psf

Living in Aurelle of Tampines EC offers a multitude of advantages, one of which is its close proximity to multiple MRT stations. Situated near the Tampines North MRT Station, which is set to be a part of the anticipated Cross Island Line (CRL), residents can expect faster and more convenient travel to various parts of Singapore. This is particularly beneficial for those who have a daily commute. Furthermore, the Tampines MRT Station, which serves as an interchange for the Downtown and East-West Lines, is also just a stone’s throw away. This allows for direct access to crucial commercial and business hubs, such as the prestigious Central Business District (CBD) and the renowned Marina Bay Financial Centre. With all these highly accessible transport options, it’s no wonder why Aurelle of Tampines EC is a sought-after residential choice.

GuocoLand-owned Tanjong Pagar Centre unveils $35mil transformation2020 March 18Property market will ‘feel the pain’ after consensus emerges on delaying new launches say analystsThe eagerly-awaited new residential development, Faber Residence by GuocoLand, will be open for preview this coming October 3. Prices for this low-rise development situated at Faber Walk will begin at $1,995 per sq ft.Developed jointly by GuocoLand, Hong Leong Holdings, and TID, the 399-unit Faber Residence occupies a sprawling 277,663 square feet site in District 5. The development comprises nine 5-storey residential blocks, featuring a mix of two- to five-bedroom units.Indicative starting prices are: $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, and $3.19 million ($2,148 psf) for a 1,485 sq ft, five-bedroom.Read also: Is it a Good Deal?: $830,000 for a five-room flat in Clementi AdvertisementWithin the development, there are 199 three-bedroom units, which range from 797 to 1,033 sq ft and make up half of the total units. There are also 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-bedders of 1,485 sq ft.GuocoLand, which leads the joint venture with its partners, Hong Leong Holdings and TID, acquired the site through government land tender last November, with a winning bid of $349.858 million ($900 psf per plot ratio).CEO of GuocoLand, Cheng Hsing Yao, shared during a media briefing on Sept 30, that the developer was attracted to the site’s riverfront setting, nestled next to the Sungei Ulu Pandan river and the adjacent low-rise landed estate on Faber Walk. He added, “Faber Residence is situated in a rare riverfront and landed enclave in Clementi, close to several established educational institutions and employment hubs, making it appealing to both homeowners and investors.”Some units at Faber Residence will boast riverfront views, while others will enjoy wide landscaped views of the courtyards between blocks. The horizontal distance between blocks has been generously spaced, at a minimum of 20 meters apart, which exceeds the height of the 19-meter buildings.Mohan Sandrasegeran, head of research and data analytics at SRI, said that “GuocoLand’s design for Faber Residence takes the surroundings into careful consideration, incorporating the lush environment of the neighboring landed estate.” Sandrasegeran also noted that earlier new projects in Clementi were high-density developments, citing the 716-unit Whistler Grand on West Coast Vale. “We believe that there will be a strong interest from buyers attracted to the low-rise landed-inspired concept of Faber Residence,” he added.Faber Residence is situated within a one-kilometer radius of Nan Hua Primary School, while other well-known schools and educational 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 site also boasts excellent connectivity to major business hubs in the area, such as 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 only a 10-minute walk from the future Jurong Town Hall MRT Station on the Jurong Region Line, which is expected to begin operations in 2028. The development itself is slated for a 2029 completion. Four bus stops away is Clementi MRT Station on the East-West Line, which will become an interchange once the planned Cross Island Line (CRL) is finished in 2030.Residents will have direct access to the Ulu Pandan Park Connector, which runs alongside the Sungei Ulu Pandan and the Clementi Nature Corridor. Other nearby attractions include the Rail Corridor as well as the future Clementi Nature Trail and Old Jurong Line Nature Trail.”Faber Walk is a primarily residential estate home to a mix of landed homes and a considerable number of HDB upgraders from Clementi and other HDB towns in the West,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. Close to Faber Residence is the 1,468-unit Parc Clematis at Jalan Lempeng. The 99-year leasehold project, launched in August 2019 with prices starting from $1,550 psf, is due for completion in 2023. According to EdgeProp Singapore data compiled from caveats, the average price at Parc Clematis is about $2,120 psf.Eugene Lim, key executive officer at ERA Singapore, believes that the size and layout of units at Faber Residence will resonate strongly among owner-occupiers, particularly 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, with eager buyers flocking before the year’s end. “Each of the upcoming new projects occupies a different area and appeal to a unique type of buyer,” he adds.Read also: GuocoLand’s 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 previewGuocoLand-owned Tanjong Pagar Centre unveils $35mil transformationProperty Market Will ‘Feel the Pain’ After Consensus Emerges on Delaying New Launches, Say Analysts