GuocoLand to Launch Faber Residence in Clementi, Prices from $1,995 PSF

A New Riverfront Condominium in the West
GuocoLand, together with joint developers TID and Hong Leong Holdings, is launching Faber Residence, a 399-unit condominium in Clementi. Preview begins on Friday, 3 October 2025, with prices starting from $1,995 psf.

Located in a peaceful landed enclave with riverfront views, the development offers a mix of two- to five-bedroom units across nine five-storey blocks. It’s designed for homeowners and investors seeking a tranquil yet connected address in the West.

Unit Types and Price Guide
Faber Residence offers a good range of unit sizes and layouts to cater to different buyer needs. Here’s the indicative price breakdown:

• 2-Bedroom (646 sqft): From $1.29M / $1,997 psf

• 3-Bedroom (797–1,033 sqft): From $1.59M / $1,995 psf

• 4-Bedroom (1,119–1,270 sqft): From $2.39M / $2,136 psf

• 5-Bedroom (1,485 sqft): From $3.19M / $2,148 psf

Buyers can expect efficient layouts and a full suite of amenities within the project.

Why Clementi Remains in Demand
GuocoLand CEO Cheng Hsing Yao highlighted Clementi’s popularity among both HDB upgraders and investors, thanks to its mix of good schools, job nodes, and transport links.

According to flash data from SRX and 99.co, Clementi’s median HDB resale price in August 2025 was $609,000, with 15 million-dollar transactions that month — a strong indicator of underlying demand in the area.

Key Location Advantages
Faber Residence enjoys excellent proximity to:

• Nan Hua Primary School

• Singapore Polytechnic

• Ngee Ann Polytechnic

• National University of Singapore (NUS)

It’s also near Jurong East MRT interchange, Clementi MRT, and the upcoming Jurong Town Hall MRT on the Jurong Region Line.

Close to Business Hubs
Residents will benefit from being close to major employment centres such as:

• Jurong Lake District

• International Business Park

• one-north tech hub

This is expected to appeal to both owner-occupiers and renters.

Rental Demand and Comparables
ERA’s Eugene Lim noted that Clementi rental yields are strong, averaging 3.5% to 3.6%. Rents for similar nearby projects are:

• Waterfront @ Faber (2017): ~$4.49 psf

• Parc Clematis: ~$6.19 psf

• Clavon: ~$6.02 psf

Target Buyer Profiles
Lim expects a mix of:

• Upgraders from nearby HDB flats

• Retirees rightsizing from landed homes

• Families who grew up in the Faber estate

• Singles and couples who want a condo near good schools and jobs

Nature and Lifestyle Appeal
Faber Residence offers direct access to the Ulu Pandan Park Connector. The project includes:

• 50m lap pool

• Leisure pool

• Clubhouse and reading room

• Lush landscaping within the Clementi Nature Corridor

Land Price and Market Context
The developers acquired the 25,795 sqm site in Nov 2024 for $349.9 million, or ~$900 psf ppr. This is nearly 30% lower than Elta’s land price ($1,250 psf ppr), another nearby project that sold 65% at launch in Feb 2025 at $2,537 psf.

Completion Timeline
Faber Residence is expected to receive its Temporary Occupation Permit (TOP) in the first half of 2029.