Market Context and Demand
Faber Residence marks the first Government Land Sale (GLS) site launched in Faber Walk in over six years, following the award of a nearby site for Whistler Grand in February 2018. The limited new launches in the vicinity suggest potential pent-up demand, especially given the area’s appeal. The recent burst of homebuyer activity in Singapore, as noted in market analyses, could further drive interest in this project.
The land acquisition bid of $900 psf ppr. The competitive nature of the tender, with three bids received, indicates strong developer interest.
Jurong Lake District has been designated as Singapore’s largest business district outside the CBD, with plans to introduce 20,000 new homes and 100,000 jobs between 2040 and 2050. The master plan envisions 1.4 million square meters of space dedicated to offices, retail, and institutional use.
To facilitate this development, the area will gain two new MRT stations—Jurong Lake District and Jurong Town Hall—along with the future Cross Island Line and Jurong Region Line.
Just a 8 minute drive away, Faber Residence is strategically positioned to take advantage of the district’s ongoing revitalization.
