faber walk new condo singapore No Further a Mystery
faber walk new condo singapore No Further a Mystery
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In the bustling Clementi estate lies a serene and distinctive, private household enclave in Faber Walk, the place a whole new waterfront project is about to get launched. Within a general public land tender that closed on 19 November 2024, the Faber Walk federal government land sale internet site drew a prime bid of $349.
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A GUOCOLAND-LED consortium put the very best bid for A non-public housing web site for about 400 units in Faber Walk, beating two other groups at the government tender’s shut on Tuesday (Nov 19).
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Aggressive Pricing Opportunity: Having a land bid drastically below new Clementi benchmarks, the job could supply superb worth, rendering it an interesting prospect in comparison to new launches and resale selections.
Pointing out which the internet site's area will not be as eye-catching as that of other internet sites for instance Bayshore in Bedok, Chuan Grove in Lorong Chuan and Chencharu in Yishun, Mr Chu discussed that builders can be cautious in bidding for the location as house cooling steps have dampened demand.
“On condition that GLS websites because June 2024 have already been looking at minimal competition (with) two to a few bidders, we assume to view a muted number of bidders from builders with the Faber Walk website,” he claimed.
As the Faber Walk web page is the last parcel of land in the region’s personal household enclave, sizeable demand could possibly have built up in the last 10 years or so, he famous.
With one particular aspect of the website facing the waterway, some models at the impending venture will most likely love waterfront views. In the meantime, models facing the landed housing spot in Faber Hills could also get unblocked sights on the neighbourhood.
The task within the Faber Walk site has a utmost gross ground region of in excess of three.6ha and may go up to 5 storeys.