"On condition that GLS sites since June 2024 have already been seeing small competition (with) two to 3 bidders, we assume to see a muted number of bidders from builders for that Faber Walk site," mentioned Mr Chu.
Overall, the JRL is anticipated to significantly enrich general public transport connectivity while in the Western A part of Singapore, exactly where the Jurong Lake District (JLD) is slated to become the largest organization hub beyond the central organization district.
A experienced town while in the West facet of Singapore, Clementi marries a wealthy historical past with present day aesthetics and attractive amenities. Potentially This is certainly why the town is pretty popular with both equally operator occupiers and renters alike, making it a vivid residential neighbourhood.
"In that case, All those models could possibly be well known among people with young young children who would like to secure a placement in Nan Hua Major Faculty," he extra.
Buyers may also be prone to locate the Faber Walk new condo a lovely proposition. The mix of a primary spot, proximity to crucial facilities, and strong connectivity helps make this development a perhaps profitable financial investment.
A mature city inside the West facet of Singapore, Clementi marries a wealthy background with fashionable aesthetics and interesting facilities. Perhaps This is often why the city is comparatively well known with equally proprietor occupiers and renters alike, making it a lively household neighbourhood.
The task at the Faber Walk site (in orange) features a utmost gross ground place of more than three.6 ha and can go up to 5 storeys.Photograph: URA
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This aligns With all the growing trend of eco-aware dwelling, earning the Faber Walk new condo an desirable option for environmentally informed prospective buyers.
Stating the internet site's location may not be as desirable as that of other web-sites like Bayshore in Bedok, Chuan Grove in Lorong Chuan and Chencharu in Yishun, Mr Chu described that developers could possibly be cautious in bidding for the website as house cooling steps have dampened demand from customers.
Within the bustling Clementi estate lies a serene and special, non-public residential enclave in Faber Walk, wherever a whole new waterfront venture is ready to become launched. Inside a public land tender that closed on 19 November 2024, the Faber Walk government land sale internet site drew a best bid of $349.
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New personal-household sales drought carries on in Could in absence of significant launches Numerous Singaporeans aspire to finally acquire private houses Inspite of cash pressures: Survey
Mr Yip predicts which the internet site may draw in up to 3 bidders and also a prime bid of amongst $800 and $850 for each sq ft per plot ratio (psf ppr).