Within the bustling Clementi estate lies a serene and exclusive, personal household enclave in Faber Walk, where a whole new waterfront project is set for being launched. Inside a community land tender that shut on 19 November 2024, the Faber Walk govt land sale web page drew a top bid of $349.
If launch rates mirror the favourable land bid, it could symbolize a exceptional prospect for purchasers looking for worth in The existing marketplace as well as a likely worthwhile financial commitment for seasoned traders.
The new condo at Faber Walk is expected to function A selection of device types, catering to unique consumer profiles.
The condo will be reduced-rise with only five storeys, producing for an exclusive enhancement with more space for each home.
Irrespective of whether you’re a seasoned Trader or perhaps a relatives searching for a serene and well-Found dwelling, this project is really worth retaining on the radar.
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The Government will continue on to launch a gradual offer of private household models in coming GLS programmes, with source calibrated to account for prevailing financial and house marketplace problems.
“Given that GLS websites since June 2024 have already been observing reduced Level of competition (with) two to a few bidders, we be expecting to discover a muted number of bidders from builders for that Faber Walk web site,” he claimed.
Because the Faber Walk internet site is the final parcel of land in the region’s non-public household enclave, sizeable demand may have developed up in the last ten years or so, he observed.
9 million translates to a land price of S$900 for each square foot for each plot ratio (psf ppr). This aggressive acquisition sets the stage for a probably interesting and perfectly-priced condo launch, offering buyers a pretty option in a extremely sought-soon after region.
Given that the Faber Walk internet site faber walk residences is the final parcel of land in the region's private household enclave, appreciable need could possibly have crafted up over the past 10 years or so, observed Mr Yip.