Faber Residence: Cheap Land, a River, and Thirteen Homes Left
Most new launches are a bet on what a place will become. Faber Residence is closer to a bet on what a place already is. Nine five-storey blocks sit inside the Faber Walk landed enclave in Clementi, fronting Sungei Ulu Pandan, on a site with a gross plot ratio of just 1.4. That number is the whole design: 399 homes spread across 277,659 sqft of land, arranged around 18 courtyard gardens, none of it taller than five storeys. The consortium of GuocoLand, TID and Intrepid paid $900 psf per plot ratio for the site at a tender that drew only three bids, and passed a good part of that saving on. It launched in October 2025 at $2,160 psf and sold 86 percent that weekend. Eleven months later there are thirteen homes left.
Scored against the same independent 100-point framework used across the PropertyNet Insider Benchmark. No developer fees, no sponsored placements.
Why This Score
This is the strongest pillar and the reason for the score. Land at $900 psf ppr is the third-lowest basis on our whole benchmark, behind only Canberra Crescent's $793 and Parktown's $885, and far below the $1,250 psf ppr ELTA paid a few kilometres away. That fed a $2,160 psf launch average, about 15 percent under ELTA, and the market took 86 percent of the project in a weekend. Faber is also post-harmonisation, so its areas exclude air-con ledges and the psf is a clean number. The deductions: the tender drew only three bids and the winner was 8.8 percent above the second, which is a soft contest and a signal that developers were cautious about a location with no MRT at the door. And the last homes now price above the launch average, so today's buyer pays more than the early ones did.
The product is unusual in a good way. A plot ratio of 1.4 and a five-storey height cap buy real space between buildings, and the 18 courtyard gardens, the 50m lap pool, the 25m leisure pool, the gym, the basement multi-purpose court and the two club dining rooms sit inside a genuinely low-density plan. The river frontage and the Ulu Pandan Park Connector are the differentiator, and Nan Hua Primary is within 1km. The deduction is blunt: there is no walkable MRT today. Clementi station is about 1.5km, which is a bus ride or a long walk, and Faber Walk is a quiet landed enclave with no shops of its own. Marketing that calls this a ten-minute walk to Clementi MRT is optimistic.
The timing here is better than most. Pandan Reservoir and Jurong Town Hall stations on the Jurong Region Line open in 2028, which is two years BEFORE vacant possession in December 2030. A buyer is not waiting for the catalyst after moving in; the catalyst lands first, and the MRT deduction above has an expiry date. Behind that sit the Jurong Lake District, Singapore's largest planned commercial hub outside the centre, one-north to the east, the Clementi education belt, and the future Greater Southern Waterfront. The deductions: the JLD builds out over decades, and Faber Walk is a small enclave with no masterplan of its own, so it inherits the precinct's uplift rather than driving it. The lease is 99 years.
Selling 386 of 399 homes four years before completion leaves essentially no developer inventory for an early reseller to compete against, and a five-storey riverfront scheme on a plot ratio of 1.4 is not something the next GLS site will reproduce. The deductions are about time and precedent. Vacant possession is 31 December 2030, a four-year wait on a lease running since February 2025. More important, Faber Walk has no condominium resale track record: this is the first project of its kind in the enclave, so the first owners to sell will be doing price discovery rather than referencing a comparable. And with 13 homes left there is no negotiating room at all.
What Exactly Is Faber Residence?
Faber Residence is a 399-unit development at Faber Walk, District 5, inside a landed enclave off Faber Drive in Clementi. It is nine five-storey blocks, low-rise by design, wrapped around 18 courtyard gardens with the Sungei Ulu Pandan canal and the Ulu Pandan Park Connector along one edge. The developer is Faber Residence Pte Ltd, a consortium of GuocoLand, TID Residential and Intrepid Investments, the Hong Leong-linked partners behind Guoco Tower, Guoco Midtown, Martin Modern, Lentor Modern, Lentor Mansion and Springleaf Residence.
The Government Land Sales site was won for $349.9 million, about $900 psf per plot ratio, at the tender close on 19 November 2024. Two things about that tender matter. It drew only three bids, and the winning number was 8.8 percent above the second at $827 psf ppr. A thin field is why the land was cheap, and cheap land is why the homes were. The 277,659 sqft site carries a maximum gross floor area of 388,728 sqft, a gross plot ratio of just 1.4, which is closer to a landed estate than a condominium. The lease runs 99 years from 24 February 2025.
The launch on 18 October 2025 sold 344 units, 86 percent, at an average of $2,160 psf, from $1.28 million for a 646 sqft two-bedder. Every two-bedroom and every three-bedroom home went. Vacant possession is 31 December 2030 with legal completion 31 December 2033, and TOP is projected for 2030.
What Is Left, and What It Costs
The chart has collapsed to two rows. As at 9 September 2026:
| Bedrooms | Sold | Available | Total |
|---|---|---|---|
| 2 Bedroom | 80 | 0 | 80 |
| 3 Bedroom | 199 | 0 | 199 |
| 4 Bedroom | 92 | 8 | 100 |
| 5 Bedroom | 15 | 5 | 20 |
| Total | 386 | 13 | 399 |
Pricing on what is left: 4-bedders $2,295 to $2,408 psf ($2.799M to $2.928M) and 5-bedders $2,249 to $2,341 psf ($3.340M to $3.476M). All eight remaining four-bedders sit in the 4-Bedroom Standard tier, and all five remaining five-bedders are Type E1 at 1,485 sqft, which the price arithmetic confirms exactly.
The number worth pausing on is $2,249 psf. That is the lowest rate on the chart, and it sits in the five-bedroom, not the four. A 1,485 sqft five-bedroom for $3.34 million works out to about $2,249 per square foot in a district where ELTA launched at $2,537 and Terra Hill trades higher again. Whether that is a bargain depends entirely on how you weigh a riverside low-rise with no MRT at the door against a tower with one, which is the honest question at the centre of this project.
One note for comparison shopping: Faber Residence is a post-harmonisation project. The floor plans mark the air-con ledge, the reinforced concrete ledge and the trellis as non-strata, meaning they are excluded from the area you pay for. Older launches whose quoted areas still include the AC ledge report a lower psf for the same liveable space, so a straight psf comparison against one of those flatters the older project, not this one.
Project Snapshot
- Project name: Faber Residence
- Developer: Faber Residence Pte Ltd (202452263E), a GuocoLand, TID Residential and Intrepid Investments consortium. Licence C1529
- Location: Faber Walk, off Faber Drive, District 5 (Clementi). Lot 09584L MK05
- Tenure: 99-year leasehold from 24 February 2025
- Site: GLS parcel won at $349.9M (about $900 psf ppr); 277,659 sqft with a maximum GFA of 388,728 sqft; gross plot ratio 1.4; top of only three bids, 8.8% above the second at $827 psf ppr
- Scale: 399 homes in nine five-storey blocks
- Unit mix: 80 two-bedders (646 sqft), 199 three-bedders (797 to 1,044 sqft across Basic, Standard and Plus tiers), 100 four-bedders (1,119 to 1,270 sqft across Basic and Standard) and 20 five-bedders (1,485 sqft). No one-bedroom units
- Landscape: 18 courtyard gardens including Lily, Alcove, Botanical, Wellness, Community, Fitness, Club, Resort, Pool, Leisure and Dining Courtyards
- Facilities: 50m Lap Pool, 25m Leisure Pool, Jacuzzi, Wading Pool, Family Pool, Sun Deck, indoor Gym, basement Multi-purpose Court, Yoga Lawn, Taichi Court, Reflexology Walk, two Club Dining rooms, Steam Room, two Dining Pavilions, Reading Room, Playground, Outdoor Fitness, Lookout Terrace and a Waterside Trail
- Specification: flexible movable-wall spaces, Smeg appliances, smart digital main door lockset, motion-sensor foyer lighting, wireless fan coil and lighting control
- Connectivity: Clementi MRT (East West Line) about 1.5km; Pandan Reservoir and Jurong Town Hall stations on the Jurong Region Line open in 2028; AYE and PIE nearby
- Schools: Nan Hua Primary within 1km; Ngee Ann Polytechnic, SIM, Singapore University of Social Sciences and NUS in the wider belt
- Launch: 18 October 2025, 344 units (86%) sold at an average of $2,160 psf, from $1.28M
- Status (9 Sep 2026): 386 of 399 sold (96.74%), 13 balance units, 0 reserved
- Timeline: TOP projected 2030; vacant possession by 31 December 2030, legal completion by 31 December 2033
Why This Location Matters
Faber Walk is a private enclave of houses and wide streets, and the development sits at its edge on the water. That is the appeal and it is also the constraint. You get a canal frontage, a park connector at the gate and a genuinely quiet address inside one of Clementi's more exclusive pockets. You do not get a train at the door, and you should price that in rather than around it.
The forward case is specific and dated. The Jurong Region Line reaches Pandan Reservoir and Jurong Town Hall in 2028, which changes this address materially and does so two years before anyone collects keys. West of that sits the Jurong Lake District, planned as the largest business district outside the city centre, with 100,000 jobs and 17km of waterfront trails on the drawing board. East sits one-north, home to A*STAR, and the Clementi education belt with NUS, Ngee Ann Polytechnic, SIM and SUSS. South, over the longer run, is the Greater Southern Waterfront.
For families the near-term draw is simpler: Nan Hua Primary within 1km, a Phase 2C priority distance, plus Clementi Mall, the 321 Clementi cluster and the food centres a short drive away. Weekend life runs on the water: the Ulu Pandan Park Connector, Pandan Reservoir upstream, the future Old Jurong Line Nature Trail and the Sungei Ulu Pandan itself.
The Product and Facilities
A gross plot ratio of 1.4 is the single most consequential fact about this project, and it is worth translating. It means the developer could only build 388,728 sqft of floor area on 277,659 sqft of land, so instead of towers there are nine blocks of five storeys with generous gaps between them and 18 courtyard gardens filling the space. Very few condominiums built in the last decade have that luxury, and none of the recent GLS sites in the west do.
The facilities follow the courtyard logic rather than stacking on one deck: a 50m Lap Pool in the Pool Courtyard, a 25m Leisure Pool with jacuzzi and sun deck in the Resort Courtyard, a wading pool and retreat lawn in the Leisure Courtyard, the gym and a basement multi-purpose court in the Fitness Courtyard, two Club Dining rooms and a steam room in the Club Courtyard, and two dining pavilions in the Dining Courtyard. Inside, GuocoLand's flexible movable-wall spaces let a flex room become a nursery, study or a larger living area, with Smeg appliances and a smart home package.
Floor Plans: The Types You Can Still Buy
Four layouts remain live, all four and five-bedroom. Two sold-out plans follow so you can see what the market took first. Note that the 4-Bedroom Standard tier spans 1,206 to 1,270 sqft, so confirm the exact type and area of any specific unit on the live chart.
The Investment Case
The bull case rests on three things that are already true rather than promised. The land was bought cheaply, and that discount is baked into every unit price rather than dependent on a future event. The product is structurally unrepeatable: no developer paying today's land prices will build five storeys on a plot ratio of 1.4 with a river in front. And the demand risk is largely retired at 96.7 percent sold four years before completion. On top of that sits the one piece of good timing: the Jurong Region Line arrives in 2028, two years before the keys. To map the payment schedule to a December 2030 vacant possession, use the Progressive Payment Calculator.
The bear case is the mirror of the same facts. Land was cheap because only three developers wanted it, and the reason they hesitated is the reason a resale buyer may hesitate later: this address does not have, and in 2030 still will not have, a train at its doorstep. Faber Walk has never had a condominium, so there is no resale history to anchor a future valuation, and the first sellers will be setting the benchmark rather than referencing one. Four years to keys is a long hold, and with thirteen homes left the price is the price.
Who Faber Residence Is For
First, the buyer who values space and quiet over convenience, and who has a car. If a five-storey block, a river view and a courtyard garden matter more to you than a covered walk to the MRT, very little else on the market this cycle competes.
Second, the large-format buyer doing arithmetic. A 1,485 sqft five-bedroom at $3.34 million, at the lowest psf in the project, in District 5, is a genuinely unusual line on a shortlist.
Third, the patient owner-occupier who is comfortable with a 2030 handover and wants the Jurong Region Line and the Jurong Lake District to mature while they own rather than before they buy.
It is a poorer fit for the investor who needs rental yield soon or a compact format, for anyone without a car who commutes daily to the city, and for a buyer who wants comparable resale evidence before committing.
Related reviews: for the MRT-side comparison in the same district see ELTA at Clementi Avenue 1, for the freehold low-rise alternative see Terra Hill at Pasir Panjang, or browse the full Insider Benchmark.
Frequently Asked Questions
What is Faber Residence, and how many units are left?
How much do the remaining Faber Residence units cost?
How far is Faber Residence from an MRT station?
Why was the land so cheap, and does that matter?
What does a plot ratio of 1.4 actually mean for me?
How does Faber Residence compare with ELTA in the same district?
What are the main risks with Faber Residence?
The Bottom Line
Faber Residence is what happens when a soft land tender meets a low plot ratio and a developer decides to pass the saving on. Cheap land bought space rather than margin: nine five-storey blocks, 18 courtyard gardens and a canal frontage, priced at $2,160 psf in a district where the MRT-side alternative launched at $2,537. The market understood it immediately and took 86 percent in a weekend, and the two and three-bedroom tiers have been gone for eleven months. That is a Strong Buy at 84/100. The catch is stated plainly on the page: there is no walkable MRT until 2028, and no resale history in this enclave to price against. If those two things do not frighten you, the thirteen homes left include a 1,485 sqft five-bedroom at the cheapest rate in the building, and there will not be a fourteenth.
Information herein is based on the developer's brochure dated 2 October 2025, the developer's sales chart and balance pricing as communicated on 9 September 2026, and publicly reported data including the Government Land Sales tender result and launch coverage, and is subject to change without prior notice. Availability and pricing move continuously; confirm current status before acting. PSF figures are as stated on the developer's chart and vary by unit. The identification of the remaining five-bedroom units by type is our own arithmetic from the published price and psf ranges, not a developer statement. Unit areas are approximate, exclude air-con ledge, reinforced concrete ledge and trellis as marked non-strata on the floor plans, and are subject to final survey. Renderings are artist impressions and the completed development may differ; the aerial photograph shows the site before construction. Walking and driving distances vary by route and pace. Infrastructure timelines including the Jurong Region Line and the Jurong Lake District are as announced by the relevant authorities and are subject to change. Please verify all figures, plans and timelines with the official sales team before making any purchase decision. This article is for general information only and does not constitute financial, legal, or investment advice. Please consult your banker, lawyer, and a licensed property professional before committing to any purchase. PropertyNet Insider Benchmark scoring is the independent opinion of PropertyNet.SG based on the framework published at /insider-benchmark/, with no developer affiliation or sponsorship.