"Provided that GLS websites since June 2024 are seeing low Opposition (with) two to a few bidders, we count on to check out a muted range of bidders from builders for the Faber Walk web site," explained Mr Chu.

GuocoLand’s acquisition of your Faber Walk internet site presents promising potential clients for purchasers and buyers. With its competitive land rate, strategic location, and planned reduced-increase idea, the challenge has every one of the components for just a standout improvement in 2025.

A experienced city during the West facet of Singapore, Clementi marries a loaded history with contemporary aesthetics and eye-catching facilities. Perhaps This is often why the city is comparatively preferred with both proprietor occupiers and renters alike, which makes it a lively household neighbourhood.

All residence listed, be it in Singapore or oversea is subject matter to ultimate inspection by related authorities to adjust to the current code of practice and guidelines with the respective nation. 

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The land plot was produced right to the Confirmed Record, meaning the land will likely be created right available for Developer Tender when extra aspects are unveiled in September 2024.

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Proximity to top rated faculties, like Nan Hua Primary as well as Nationwide College of Singapore, adds One more layer of charm for households. Whilst indirectly linked to an MRT station, the internet site offers A personal enclave near to Life-style features and trustworthy instructional establishments.

All assets listed, whether it is in Singapore or oversea is subject matter to final inspection by pertinent authorities to comply with the current code of practice and procedures for the respective place. 

Confirmed record web sites are launched In accordance with agenda despite demand from customers, though web sites to the reserve listing are put up for tender only each time a developer tends to make a proposal appropriate to The federal government.

As being the Faber Walk internet site is the last parcel of land in the region’s private household enclave, sizeable demand from customers can have built up over the past decade or so, he noted.

The job for the Faber Walk site (in orange) provides a greatest gross floor location of above 3.6 ha and will go up to 5 storeys.Photograph: URA

Mr Yip predicts that the web site may perhaps bring in faber walk new launch up to 3 bidders in addition to a major bid of concerning $800 and $850 for each sq ft per plot ratio (psf ppr).