GuocoLand, TID and Hong Leong Holdings have secured a green club facility worth $367.1 million from DBS Bank to develop their Faber Walk site. The trio of developers won the residential land parcel via a Government Land Sale tender in November last year. Their joint bid of $349.86 million, or $900 psf per plot ratio, was the highest for the 277,659 sq ft site.
The forthcoming development, situated in the Faber Walk landed private residential enclave and adjacent to the Faber Hills estate, will comprise nine low-rise blocks and a total of 399 residential units. Its prime location by the Pandan River and the upcoming Old Jurong Line Nature Trail offers an idyllic waterfront living experience.
The green facility secured for the Faber Walk project complements GuocoLand’s focus on sustainable initiatives throughout its developments, which include Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street and Lentor Mansion in Lentor Gardens.
According to Dora Chng, residential director of GuocoLand, the company is committed to incorporating biophilic designs and sustainable features in its developments to enhance the quality of life for residents. This has been demonstrated in previous successful launches such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.
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The Faber Walk development is expected to attain the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.
GuocoLand’s next highly anticipated project is a joint development with Hong Leong Holdings at its Upper Thomson Road (Parcel B) site, which was awarded in April last year. With 941 residential units, the project is set to launch in the second half of this year.