In the bustling Clementi estate lies a serene and special, personal residential enclave in Faber Walk, in which a different waterfront task is set to become launched. Inside a general public land tender that shut on 19 November 2024, the Faber Walk authorities land sale web-site drew a leading bid of $349.
The challenge at the Faber Walk internet site (in orange) features a utmost gross flooring place of over 3.6 ha and can go up to five storeys.Picture: URA
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Intrepid Investments is a subsidiary company of Hong Leong Holdings. Hong Leong Holdings was fashioned in 1968 as Hong Leong Group's privately held assets expense and home holding automobile. It's got considering the fact that founded alone as a major participant while in the residence market place, making it The most sought-right after companies of a comfortable house.
These jobs achieved near-offer-out standing shortly following their debut, a transparent indication of the marketplace’s opportunity. This uptick in customer enthusiasm suggests developing self-assurance in non-public housing to be a stable investment decision, even amidst broader economic uncertainties.
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The URA’s strategic preparing and zoning suggestions will be sure that the development complements the bordering ecosystem even though offering modern day and sustainable dwelling Areas.
GuocoLand’s Faber Walk job displays broader tendencies in Singapore’s house current market. The landscape is poised for recovery after a subdued 2024, marked by cautious bidding and a number of other unsuccessful governing administration land gross sales.
This aligns While using the escalating trend of eco-conscious dwelling, producing the Faber Walk new condo an pleasing option for environmentally conscious prospective buyers.
The Government will keep on to launch a steady offer of personal residential models in coming GLS programmes, with supply calibrated to account for prevailing financial and property market place ailments.
“Given that GLS websites considering the fact that June 2024 have already been looking at low Opposition (with) two to a few bidders, we hope to view a muted range of bidders from developers for the Faber Walk site,” he said.
Which has a utmost gross ground location of 36,114 sq m, GuocoLand strategies to build a very low-rise, waterfront household enclave. This concept could jump out in Singapore’s increasingly vertical faber walk new condo singapore landscape, attracting customers on the lookout for exclusivity and tranquillity.
With one facet of the internet site facing the waterway, some units at the forthcoming task will likely take pleasure in waterfront sights. Meanwhile, units experiencing the landed housing spot in Faber Hills could also get unblocked sights on the neighbourhood.
The challenge at the Faber Walk web page contains a optimum gross flooring location of in excess of three.6ha and can go up to 5 storeys.