Faber Walk Private Housing Site Up for Sale, Expected to Yield Around 400 Units

SINGAPORE – A 99-year leasehold private residential site at Faber Walk in Clementi has been launched for sale under the Government Land Sales (GLS) programme, with potential to yield approximately 400 new homes.

Spanning close to 2.6 hectares—roughly the size of four football fields—the site marks the first GLS offering in the Faber Walk area since 2018, when the adjacent West Coast Vale plot was awarded and subsequently developed into Whistler Grand.

The site is part of the confirmed list for the second half of the 2024 GLS programme, which comprises 5,050 residential units across several locations. Confirmed list sites are released according to a fixed schedule, unlike reserve list sites, which are made available only upon receiving an acceptable bid from developers.

In June, new plots were added to the confirmed list, including sites in Bayshore (Bedok), Chuan Grove (Lorong Chuan), Lentor Gardens, and a mixed-use site in the upcoming Chencharu precinct in Yishun.

The Faber Walk site has a maximum gross floor area (GFA) of over 3.6 hectares and permits development of up to five storeys. Positioned along Sungei Pandan, it offers direct connectivity to the Ulu Pandan Park Connector and the upcoming Old Jurong Line Nature Trail, which will be progressively opened from end-2026.

Mr Mark Yip, chief executive of Huttons Asia, said the site’s tranquil surroundings, “unblocked views” of Sungei Pandan, and proximity to Clementi MRT station and the Ayer Rajah Expressway (AYE) make it attractive to both developers and homebuyers. As the last available parcel in the area’s private residential enclave, he noted that pent-up demand may have accumulated over the years. Mr Yip expects up to three bids, with the top bid ranging between $800 and $850 per square foot per plot ratio (psf ppr).

However, Mr Marcus Chu, chief executive of ERA Singapore, offered a more cautious outlook. He noted that the Faber Walk site may not be as appealing as others on the confirmed list—such as Bayshore, Chuan Grove, and Chencharu—potentially affecting developer interest.

“Given that GLS sites since June 2024 have been seeing low competition, with just two to three bidders per site, we expect to see a muted number of bidders for the Faber Walk plot,” he said. He added that the presence of existing and upcoming launches in more sought-after areas could dilute buyer interest.

Mr Chu estimates that the site may command a bid between $370 million and $420 million, translating to a land rate of over $950 psf ppr. He also noted that only certain units in the future development may fall within 1km of Nan Hua Primary School, depending on the project's layout—an important factor for families seeking school proximity.

The tender for the Faber Walk site will close at noon on November 19.

In comparison, the nearby West Coast Vale site, awarded in February 2018 and now home to the 716-unit Whistler Grand, drew six bids and was sold to City Developments Limited (CDL) for $472.4 million, or $800 psf ppr. That bid was 35% higher than the $592 psf ppr paid in 2017 for a nearby 1.64ha site that was developed into Twin VEW. Whistler Grand launched in November 2018 at an average selling price of $1,380 psf.