The Faber Walk GLS land plot was announced on 25 June 2024, as part of the 2H2024 Government Land Sales (GLS) Programme.
The land plot was released directly into the Confirmed List, and will be made available for Developer Tender in September 2024.
This land is located along the Pandan River, beside an existing project, Waterfront @ Faber.
The Faber Walk GLS land plot was announced on 25 June 2024, as part of the 2H2024 Government Land Sales (GLS) Programme, which, at 11,110 private residential units, saw the highest supply introduced in a single year since 2013.
The land plot was released directly into the Confirmed List, which means that the land will be made directly available for Developer Tender when more details are released in September 2024.
It can yield around 400 residential units, and with a Gross Plot Ratio of 1.4, will be a low-rise project that will likely see the buildings topping out at 5-storeys in height.
This land is located in the highly sought after District 5, beside an existing project, Waterfront @ Faber, and also along the picturesque Pandan River and in front of the Ulu Pandan Park Connector.
Faber Walk GLS will form part of an existing collection of private residential projects in the area, including Faber Crest, The Infiniti, Waterfront @ Faber, Parc Riviera, Twin Vew, and the most recently launched Whistler Grand.
26 Nov 2024
1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at Faber Walk to the highest tenderer, GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd.
2. The site at Faber Walk was launched for tender on 12 September 2024. The tender for the site closed on 19 November 2024. The site was offered for sale on a 99-year lease term.
3. Details of the awarded site and the successful tenderer are provided below.
The land bid translates to a land rate of $900 psf ppr.
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Faber Walk | Residential | 25,795.4 m² | 36,114 m² | GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd. | $349,857,988.00 ($9,687.60) |
While this is slightly above expectations of S$750 to S$850 psf ppr, it is almost 30% lower than winning bid for nearby Clementi plot sold last year
19 Nov 2024
A GUOCOLAND-LED consortium placed the top bid for a private housing site for about 400 units in Faber Walk, beating two other groups at the government tender’s close on Tuesday (Nov 19).
19 Nov 2024
1. The Urban Redevelopment Authority (URA) closed the tender for the site at Faber Walk today.
2. The site at Faber Walk was launched for public tender on 12 September 2024.
3. Details of the site and tender bids received:
4. This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
LAND PARCEL AT FABER WALK
ALLOWABLE DEVELOPMENT : RESIDENTIAL
SITE AREA : 25,795.4 m²
MAXIMUM PERMISSIBLE GFA : 36,114 m²
DATE OF LAUNCH : 12 SEPTEMBER 2024
DATE TENDER CLOSED : 19 NOVEMBER 2024
LEASE PERIOD : 99 YEARS
| RANKING | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA ($PSF PPR) |
|---|---|---|---|
| 1 | GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd. | 349,857,988.00 | 9,687.60 ($900 psf ppr) |
| 2 | Oasis (2024) Pte Ltd | 321,308,000.00 | 8,897.05 ($826 psf ppr) |
| 3 | SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd. and Soon Li Heng Civil Engineering Pte Ltd | 282,888,000.00 | 7,833.19 ($727 psf ppr) |
12 September 2024
THE Urban Redevelopment Authority (URA) on Thursday (Sep 12) released a Faber Walk residential site in Clementi for sale under the second half of the 2024 government land sales (GLS) programme.
12 September 2024
1. The Urban Redevelopment Authority (URA) has released a residential site at Faber Walk for sale today under the Confirmed List of the second half 2024 (2H2024) Government Land Sales (GLS) Programme.
2. The site at Faber Walk can potentially yield 400 residential units. These form part of the 5,050 residential units to be released via the Confirmed List of the 2H2024 GLS programme to cater to housing demand and maintain market stability. The Government will continue to release a steady supply of private residential units in coming GLS programmes, with supply calibrated to account for prevailing economic and property market conditions.
3. Details on the land parcel below:
Other Details
4. The tender for the Faber Walk site will close at 12 noon on 19 November 2024.
25 June 2024
1 The Government today announced the Government Land Sales (GLS) Programme for 2H2024, which comprises ten Confirmed List sites and nine Reserve List sites. Together, these sites can yield about 8,140 private residential units, 113,650 sqm gross floor area (GFA) of commercial space and 530 hotel rooms.
2 The Confirmed List comprises nine private residential sites (including one EC site) and one commercial & residential site, which can collectively yield about 5,050 private residential units (including 560 EC units) and 14,300 sqm GFA of commercial space.
3 The Reserve List comprises five private residential sites (including two EC sites), one commercial site, two White sites and one hotel site. These sites can potentially yield an additional 3,090 private residential units (including 730 EC units), 99,350 sqm GFA of commercial space and 530 hotel rooms.
| SN | Location | Site Area (ha) | Proposed GPR | Est. Residential Units | Est. Commercial Space | Est. Launch Date | Sales Agent |
|---|---|---|---|---|---|---|---|
| Confirmed List | |||||||
| Residential Sites | |||||||
| 1 | Tampines St 95 EC | 2.25 | 2.5 | 560 | 0 | Aug-2024 | HDB |
| 2 | Faber Walk (2)(3) | 2.58 | 1.4 | 400 | 0 | Sep-2024 | URA |
| 3 | Lentor Gardens (4) | 2.06 | 2.1 | 500 | 0 | Oct-2024 | URA |
| 4 | River Valley Green (Parcel B) (5) | 1.17 | 3.5 | 580 | 500 sqm | Oct-2024 | URA |
| 5 | Bayshore Road | 1.05 | 4.2 | 515 | 0 | Nov-2024 | URA |
| 6 | Media Circle (Parcel A) (2)(6) | 0.81 | 3.7 | 345 | 400 sqm | Nov-2024 | URA |
| 7 | Media Circle (Parcel B) (2)(6) | 0.97 | 4.3 | 485 | 400 sqm | Nov-2024 | URA |
| 8 | Chuan Grove (2)(7) | 1.58 | 3.0 | 550 | 0 | Dec-2024 | URA |
| 9 | Holland Link (2)(8) | 1.72 | 1.4 | 240 | 0 | Dec-2024 | URA |
| Commercial & Residential Sites | |||||||
| 10 | Chencharu Close (2)(9) | 2.94 | 3.2 | 875 | 13,000 sqm | Sep-2024 | HDB |
| Total (Confirmed List) | 5,050 | 14,300 sqm | |||||
