Faber Residence Launch Sells 86% of Units at $2,160 psf; Marks Strong End to 2025 OCR Launches
The 399-unit Faber Residence recorded robust sales during its launch weekend (18–19 Oct), with 344 units sold — 86% of total inventory — at an average price of $2,160 psf. The project is jointly developed by GuocoLand and Hong Leong Holdings.
Average selling price
Sold on launch weekend
Approx. land cost
Total inventory
Launch Overview
The launch coincided with the debut of Penrith at Margaret Drive, which achieved a 97% sell-through (447 units) at prices above $2,800 psf. Combined, the two projects moved more than 790 new private homes over the weekend — a testament to persistent demand in Singapore’s primary housing market.
Project Highlights
Located along Faber Walk, off Jalan Lempeng in Clementi Avenue 6, Faber Residence appealed to mainly Singaporean and Permanent Resident buyers, many of whom were owner-occupiers. Its riverfront setting, proximity to established schools, and access to the Ulu Pandan Park Connector were key draws.
- Two-bedroom units: from about $1.28 million.
- Three-bedroom units: from around $1.57 million — both fully sold during launch.
- Land acquisition cost: about $900 psf ppr, enabling competitive pricing relative to other OCR launches (~$2,275 psf average).
Location and Connectivity
Faber Residence is the first new condominium in the Faber Hills area since 2014 and likely the last site in the neighbourhood offering waterfront living. Families were drawn by its proximity to Nan Hua Primary School (within 1km) and to the broader Clementi education belt spanning primary to tertiary levels.
- MRT: Walking distance to the upcoming Jurong Town Hall MRT (Jurong Region Line).
- Expressways: Excellent access to AYE and PIE.
- Nearby hub: Close to Jurong Lake District, Singapore’s future second CBD, offering long-term growth potential.
Market Significance
The launch marks the final OCR project of 2025, capping a year of robust homebuyer momentum. Over the first nine months of 2025, 3,811 new private homes were sold — more than double the same period last year — reflecting strong demand for well-priced, well-located homes.
Summary
With competitive pricing, prime connectivity, and an appealing riverside environment, Faber Residence stands out as a rare opportunity in the west. Its successful launch, coupled with Penrith’s sell-out, reinforces the underlying strength of Singapore’s private housing market heading into the final quarter of 2025.