Guocoland’s Faber Residence Clementi Launches 1995 Psf

Nestled in an exceptional location at Tampines Street 95, Rivelle Tampines EC by Sim Lian Land boasts of its strategic placement in District 18 within the lively eastern corridor of Singapore. This executive condominium offers unparalleled accessibility with its close proximity to a vast network of major transport options and roads. Residents can easily access key destinations across the island, thanks to its convenient location. Whether it be by train, bus, or car, swift travel is guaranteed from Rivelle Tampines EC Sim Lian Land.

What to expect from new launches in Singapore for 2020?Faber Residence an ideal residential development for buyers seeking a low-rise, landed-inspired living experience in District 5.Part of a joint development by GuocoLand, Hong Leong Holdings and TID, Faber Residence will be previewed on October 3. With its location on Faber Walk, the low-rise development includes 399 units and prices will start from $1,995 per square foot. This highly anticipated project boasts a strategic location in District 5, sitting on a spacious 277,663 square foot site. The nine 5-storey residential blocks offer an array of two- to five-bedroom units, with indicative starting prices as follows: $1.29 million ($1,997 psf) for a 646 sq ft two-bedroom unit, $1.59 million ($1,995 psf) for a 797 sq ft three-bedroom unit, $2.39 million ($2,136 psf) for a 1,119 sq ft four-bedroom unit, and $3.19 million ($2,148 psf) for a 1,485 sq ft five-bedroom unit.As its name implies, Faber Residence is situated in a favourable neighbourhood that is just as unique and exceptional as the development itself. The site is studded with established educational institutions and job centres, making it a prime choice for both homeowners and investors. The team behind the project, a collaboration between GuocoLand, Hong Leong Holdings, and TID, won the site at a government land tender with their bid of $349.858 million (equating to $900 psf per plot ratio) in November 2019.During a media briefing on September 30, GuocoLand’s group CEO Cheng Hsing Yao shared that the riverfront location adjacent to Sungei Ulu Pandan river and the neighbouring low-rise landed estate on Faber Walk was what caught the developer’s attention. With its lush surroundings and strategic location, Faber Residence is set to attract both buyers and investors alike.According to Mohan Sandrasegeran, SRI’s head of research and data analytics, the project’s design is both sensitive to the neighbouring landed estate and integrated with its lush environment. He also notes that previous new projects in Clementi have been high-density developments such as the 716-unit Whistler Grand on West Coast Vale. “We believe there will be keen interest from buyers who will be drawn to the low-rise landed-inspired offering at Faber Residence,” he adds.While the project offers some units with riverfront views, other units will have a spacious view of the landscaped courtyards between blocks. Furthermore, the horizontal distance between blocks is at least 20m, exceeding the height of the 19m buildings, making it a luxurious and exclusive living experience.Excellent schools such as Nan Hua Primary School, Pei Tong Primary School, Clementi Town Secondary School, Singapore Polytechnic, Ngee Ann Polytechnic, and National University of Singapore (NUS) are all within a 1km radius of Faber Residence. Moreover, business hubs within the area include the International Business Park at Jurong Town Hall Road, the one-north precinct, and the upcoming Jurong Lake District (JLD).Transportation convenience is a major highlight of Faber Residence as it is a mere 10-minute walk to the future Jurong Town Hall MRT Station on the Jurong Region Line, set to be operational in 2028. The project is scheduled for completion in 2029 and is also four bus stops away from Clementi MRT Station on the East-West Line. Additionally, when the future Cross Island Line (CRL) is completed in 2030, the station will be an interchange for greater convenience for Faber Residence’s residents.Situated alongside Sungei Ulu Pandan and within the Clementi Nature Corridor, the Ulu Pandan Park Connector is easily accessible to Faber Residence’s residents. Other nearby natural beauties include the Rail Corridor as well as the future Clementi Nature Trail and Old Jurong Line Nature Trail.Thanks to the strategic location of Faber Residence, it is an ideal choice for homeowners seeking a landed-inspired living experience with convenient access to HDB upgraders living in the nearby Clementi and other HDB towns in the West. As Lee Sze Teck, Huttons Asia’s senior director of data analytics says, “The Faber Walk residential estate is characterised by a mix of landed homes and a strong catchment of HDB upgraders in Clementi and other HDB towns in the West.”Moreover, within close proximity to Faber Residence is the 1,468-unit Parc Clematis at Jalan Lempeng which was launched in August 2019. The 99-year leasehold project has prices starting from $1,550 psf and is expected to be completed in 2023. Based on data compiled by EdgeProp Singapore, the average price at Parc Clematis is approximately $2,120 psf. According to Eugene Lim, ERA Singapore’s key executive officer, the size and layout of Faber Residence’s units is likely to appeal to families and couples with young children who may have parents living in the nearby landed estate.In light of the swiftly growing real estate market, Eugene believes that the positive sentiment in the new launch market is set to continue for the next two months as prospective buyers eagerly turn up before the year ends. He says, “Each of the upcoming new projects are in different areas and appeal to different types of buyers.”