How does a new condominium project positioned at an attractive S$1,995 per square foot entry price point capture market attention in today’s competitive Outside Central Region landscape? Guocoland’s Faber Residence, situated at Faber Walk within Clementi’s District 5, presents compelling investment fundamentals through strategic pricing below neighboring developments and a considerably lower land acquisition cost that provides developers with enhanced pricing flexibility.
The development encompasses approximately 400 residential units distributed across 2.58 hectares, featuring resort-style architecture with five-storey construction. This contrasts distinctly with Clementi’s typical urban density.
Positioned adjacent to an established landed enclave and offering proximity to Sungei Ulu Pandan canal for waterfront views, the project benefits from a tranquil environment while maintaining connectivity to Jurong East Regional Centre and the emerging Jurong Lake District transformation.
Guocoland’s proven track record, demonstrated through successful sellouts including Lentor Modern and Lentor Mansion, supports market confidence in the Q4 2025 launch timeline with expected Temporary Occupation Permit completion in 2029.
Guocoland’s successful Lentor developments establish strong market credibility ahead of Faber Residence’s anticipated Q4 2025 launch.
The development’s location within one kilometer of Nan Hua Primary School, combined with surrounding park connectors and greenery integration, enhances appeal among family-oriented buyers seeking educational proximity and recreational amenities. Additionally, the project benefits from proximity to major educational institutions including NUS, international schools, and the Japanese School, which drives consistent rental demand from students and academic professionals.
Investment prospects appear robust considering the twelve-year supply pause within the Faber Walk enclave, creating scarcity-driven demand dynamics.
Current four-room HDB transactions in Clementi approximate S$1.14 million, establishing competitive positioning for upgraders evaluating private property transitions.
The project’s 400-unit scale ensures healthy transaction liquidity without boutique development constraints. The development’s competitive land acquisition at $900 psf ppr provides significant pricing advantages compared to market benchmarks, enabling more attractive unit pricing for prospective buyers.
Strategic advantages include ongoing Jurong Innovation District and Jurong Lake District developments, supported by planned infrastructure upgrades and new MRT connectivity that promise long-term capital appreciation potential.
Government transformation initiatives for western Singapore reinforce growth projections, while anticipated rental demand stems from continued regional development momentum.
However, limited direct MRT access presents considerations for public transport-dependent buyers, with Pandan Reservoir MRT representing the nearest but non-adjacent station.
The surrounding enclave’s low-density characteristics may constrain immediate retail accessibility, though the tranquil landed environment provides compensating lifestyle benefits rarely available in mid-density condominium developments within established urban districts. Property investors should also consider that property tax obligations apply based on the Annual Value determined by IRAS, with non-owner-occupied residential properties subject to progressive rates between 12-36%.
