GuocoLand will introduce the Faber Residence, with a starting price of S$1,995 per sq

GuocoLand will introduce the Faber Residence, with a starting price of S$1,995 per square foot

399 apartments with two to five bedrooms spread across nine five-story blocks make up the project.

September 30, 2025

CONDOsingapore.com

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On Friday, October 3, GuocoLand will begin previewing its Faber Residence project in Clementi. Prices for the project start at S$1,995 per square foot (psf).

The project, which was co-developed with TID and Hong Leong Holdings, consists of nine five-story residential blocks with 399 units of apartments ranging in size from two to five bedrooms.

The starting indicative price for two-bedroom units that are 646 square feet (sq ft) in size is S$1.29 million, or S$1,997 psf. They make up a fifth of the development's units.

Half of the units are three-bedrooms, which range in size from 797 to 1,033 square feet and start at S$1.59 million or S$1,995 per square foot. A quarter of the units are four-bedroom apartments, which range in size from 1,119 to 1,270 square feet and cost S$2.39 million, or S$2,136 per square foot.

1,485 square foot, five-bedroom apartments start at S$3.19 million, or S$2,148 per square foot. They comprise 5% of the development's total units.

GuocoLand's group chief executive officer, Cheng Hsing Yao, stated: "Faber Residence is located in a unique riverfront and landed enclave in Clementi." Due to its proximity to numerous reputable educational institutions and employment hubs, it appeals to both homeowners and investors.

He cited trends in public housing resale prices to highlight Clementi's appeal as a housing estate during the media preview on September 30. The overall median resale price for Housing & Development Board (HDB) apartments in Clementi in August was S$609,000, according to SRX and 99.co flash data; 15 units in the estate were sold for at least S$1 million during that month.

Cheng credited the area's strong connectivity and close proximity to educational institutions, employment hubs, and schools for its allure.

The National University of Singapore, Singapore Polytechnic, Ngee Ann Polytechnic, and Nan Hua Primary School are all close to Faber Residence.

The International Business Park, One-North, and the soon-to-be Jurong Lake District—Singapore's largest mixed-use business district outside the Central Business District—are all close to the 99-year leasehold development.

Both owner-occupiers and renters are anticipated to be drawn to it by its close proximity to important employment hubs, educational institutions, and universities, Cheng said.

In the first eight months of 2025, gross rental yields for Clementi and other comparable projects in the region were between 3.5 and 3.6 percent, which is comparable to the yields for the entire island and the Outside Central Region, according to Eugene Lim, key executive officer of ERA Singapore.

The Waterfront @ Faber condominium, which was finished in 2017, has monthly rents of about S$4.49 per square foot, while the nearby Parc Clematis and Clavon had rents of S$6.19 and S$6.02 per square foot, respectively, according to data from the consultancy.

However, Lim anticipates that owner-occupiers, including singles, couples, and families, will make up the majority of purchasers.

He went on to say that people who grew up in the Faber landed enclave might try to buy a condo close to their parents' houses.

It's also possible for local retirees to sell their landed properties and move right up to a condominium by the river. According to him, people who live in nearby HDB apartments or older condominiums might try to trade up.

"Faber Residence will be the only launch left in the OCR in 2025, even though there are a number of other launches coming up," Lim stated. "The rare opportunity to live by the river in a prestigious but well-connected area, coupled with the comparatively lower price quantum, will be very alluring."

The Clementi MRT station and Jurong East MRT interchange, which serves the East-West Line and North-South Line, are four bus stops from the development. The future Jurong Town Hall MRT station on the Jurong Region Line is also ten minutes' walk away.

The development features a leisure pool, clubhouse, reading room, and a 50-meter lap pool. Additionally, the Ulu Pandan Park Connector, which runs through the Clementi Nature Corridor and along Sungei Ulu Pandan, is directly accessible to residents.

The consortium paid S$349.9 million, or roughly S$900 per square foot per plot ratio (psf ppr), in a state land tender in November 2024 for the 25,795-square-meter site on which Faber Residence is located.

The top bid of S$1,250 per square foot per person for a nearby site on Clementi Avenue, which was sold to MCL Land and CSC Land in November 2023, was almost 30% higher than its winning bid. The 501-unit Elta condominium, which is being built on that parcel, sold 326 units, or 65% of the total, at its February launch, with an average price of S$2,537 per square foot.

In January 2018, the 716-unit Whistler Grand condominium in West Coast Vale, the last state land site in the Faber Walk neighbourhood to go up for sale, was put up for sale. At an average cost of S$1,380 per square foot, the project was introduced in October of that year.

In the first half of 2029, Faber Residence is anticipated to receive its temporary occupation permit.