Since the real estate market in Singapore proceeds to evolve, the Faber Walk GLS site is poised to be a really coveted site, providing a combination of tranquility and accessibility.

If launch rates reflect the favourable land bid, it could represent a scarce possibility for customers searching for benefit in The present current market along with a perhaps profitable financial investment for seasoned buyers.

The brand new condo at Faber Walk is predicted to function A selection of unit types, catering to diverse customer profiles.

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Mr Yip predicts the web-site may possibly draw in up to a few bidders in addition to a best bid of between $800 and $850 for each sq ft per plot ratio (psf ppr).

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3. Information of the site and tender bids obtained: four. This isn't an announcement of tender award. A decision to the award from the tender might be built after the bids have already been evaluated. This can be publicised in a afterwards date.

As being the URA proceeds to launch strategic GLS web pages, the Faber Walk locale stands out as a prime illustration of the continuing evolution of Singapore’s urban landscape. Whether or not for homebuyers or buyers, the Faber Walk new condo is poised to generally be a valuable addition into the real estate property current market.

Stating the internet site's spot might not be as desirable as that of other websites for instance Bayshore in Bedok, Chuan Grove in Lorong Chuan and Chencharu in Yishun, Mr Chu described that builders might be cautious in bidding for the site as assets cooling measures have dampened need.

The Faber Walk GLS website retains enormous potential to get a new condominium growth. Specified its prime site and the expanding demand for household Houses in Singapore, this site is probably going to bring faber walk residences in powerful desire from developers.

Which has a utmost gross ground area of 36,114 sq m, GuocoLand strategies to establish a minimal-increase, waterfront household enclave. This concept could stick out in Singapore’s significantly vertical landscape, attracting purchasers trying to find exclusivity and tranquillity.

The task for the Faber Walk web-site (in orange) features a maximum gross ground spot of more than three.six ha and might go up to 5 storeys.Picture: URA

Mr Yip predicts which the website may perhaps attract up to a few bidders as well as a leading bid of in between $800 and $850 for each sq ft for every plot ratio (psf ppr).