Inside the bustling Clementi estate lies a serene and unique, non-public residential enclave in Faber Walk, exactly where a completely new waterfront venture is about to get launched. In a very public land tender that shut on 19 November 2024, the Faber Walk federal government land sale web site drew a leading bid of $349.
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Generously sized bedrooms, a beautiful grasp bathtub, substantial key dwelling spot and an unfinished basement are perfect for Those people seeking Place to expand into. This home contains astounding features for either get togethers and being Energetic or comforting. Sq ft figures delivered as estimate only and received from county documents . Buyer recommended to obtain independent measurement.
A GUOCOLAND-LED consortium put the top bid for A personal housing internet site for around 400 models in Faber Walk, beating two other groups at the government tender’s shut on Tuesday (Nov 19).
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Mr Yip predicts the website may possibly bring in up to 3 bidders as well as a top rated bid of concerning $800 and $850 for each sq ft for every plot ratio (psf ppr).
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The federal government will continue to release a gradual source of personal residential models in coming GLS programmes, with source calibrated to account for prevailing financial and assets current market situations.
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As the Faber Walk website is the final parcel of land in the area’s private residential enclave, appreciable demand could possibly have created up in the last ten years or so, he noted.
9 million translates to your land cost of S$900 per square foot per plot ratio (psf ppr). This competitive acquisition sets the stage to get a perhaps fascinating and well-priced condo launch, providing consumers a sexy option in the highly sought-just after location.
As being the Faber Walk web-site is the last parcel of land in the region's personal residential enclave, considerable need could have built up in the last 10 years or so, pointed out Mr Yip.