URA Launches Faber Walk Housing Site for Sale

URA Launches Faber Walk Housing Site for Sale and introduces a significant residential development opportunity in Singapore’s Clementi area. The URA press release for this launch at Faber Walk can be read here.

With a 277,660 sq ft site area and a gross plot ratio of 1.4, the project can accommodate up to 400 units within a five-storey height limit. You’ll find it strategically located near key districts like Jurong Lake and one-north. Developer interest may be tempered by limited nearby amenities, with bid prices expected between $950 to $1,050 psf ppr. This launch aligns with URA’s urban planning strategy, balancing housing needs with sustainable growth. The site’s potential for waterfront living and green spaces could shape the area’s future development landscape.

Site Location and Specifications

The Urban Redevelopment Authority’s latest land parcel at Faber Walk boasts a prime location in Singapore’s Clementi area. You’ll find this 277,660 sq ft site nestled between the Ayer Rajah Expressway to the south and Sungei Ulu Pandan to the north, offering a unique blend of connectivity and nature. The 99-year leasehold plot has a gross plot ratio of 1.4, allowing for significant development potential.

With a maximum gross floor area exceeding 3.6 hectares, the site can accommodate up to 400 residential units. The URA has set a building height limit of five storeys, ensuring the development maintains a low-rise profile that complements the surrounding landed housing enclave.

While not within walking distance of many amenities, the site’s strategic position offers quick access to key areas. You’re a short drive from the Jurong Lake District, National University of Singapore, and one-north (one-north has quite a few good new launches such as The Hill @ One North). This proximity to major employment nodes enhances the site’s appeal for both homebuyers and investors, potentially offsetting the lack of immediate amenities and making it an attractive proposition for developers.

Site Location	Faber Walk
Site Area	25,795.5 m2
Land Use Zoning / Allowable Development	Residential
Maximum Gross Floor Area (GFA)	36,114 m2
Maximum Building Height	140 m SHD Maximum of 5 storeys
Estimated Number of Housing Units	400 units
Lease Period	99 years

Market Impact and Developer Interest

Frequently, the launch of a new Government Land Sales (GLS) site sparks considerable interest in the property market, and the Faber Walk parcel is no exception. You’ll find that this site’s potential to yield approximately 400 residential units greatly impacts the local housing supply. It’s part of a larger initiative to release 5,050 residential units in the 2H2024 GLS Programme, addressing housing demands and ensuring market stability.

You should note that developer interest may be tempered by several factors. The site’s location, while near the Ayer Rajah Expressway and Sungei Ulu Pandan, isn’t within walking distance of many amenities. This could affect its attractiveness compared to other GLS sites. Additionally, recent market trends show muted responses to GLS tenders, with only 2-3 bids typically submitted.

Experts predict bid prices between $950 to $1,050 psf ppr, reflecting cautious developer strategies. The absence of HDB upgrader leverage increases risks for developers. However, the site’s proximity to employment nodes like Jurong Lake District and one-north may appeal to both homebuyers and investors, potentially offsetting some concerns.

URA’s Urban Planning Strategy

Urban planning strategies employed by the Urban Redevelopment Authority (URA) for the Faber Walk site reflect a broader vision for Singapore’s development. You’ll see that the URA’s approach balances housing needs with sustainable urban growth. By releasing this site, they’re addressing the demand for private residential units while ensuring a steady supply to maintain market stability.

The URA’s strategy extends beyond just meeting housing demands. You’ll notice they’re considering the site’s context, allowing for up to 400 units with a maximum of five storeys. This approach preserves the area’s character while optimizing land use. They’re also factoring in the site’s proximity to employment nodes like Jurong Lake District and one-north, potentially reducing commute times and enhancing livability.

You should understand that the URA’s planning isn’t isolated. It’s part of a larger initiative to create diverse housing options across Singapore. By including this site in the Confirmed List, they’re signaling their commitment to predictable land supply, which helps developers and homebuyers plan ahead. The URA’s strategy aims to create sustainable, livable neighborhoods that contribute to Singapore’s overall urban fabric.

Residential Amenities and Features

Several key residential amenities and features are likely to be incorporated into the Faber Walk development, reflecting URA’s commitment to creating livable spaces. You’ll find that the site’s proximity to Sungei Ulu Pandan offers potential for waterfront living experiences, possibly including riverside walkways or recreational areas. The development’s design will likely prioritize green spaces, aligning with Singapore’s vision of a city in nature.

Given the site’s size, you can expect community facilities such as playgrounds, fitness corners, and gathering spaces to foster neighborhood interaction. The URA may encourage the integration of smart home technologies and energy-efficient designs to support sustainable living practices.

While not within walking distance of many amenities, you’ll benefit from the site’s accessibility to major employment hubs like Jurong Lake District and one-north. The URA might require developers to include shuttle services or improved connectivity options to enhance residents’ convenience.

You should anticipate that the development will cater to diverse housing needs, potentially offering a mix of unit types to accommodate different family sizes and multi-generational living arrangements, reflecting the evolving demographics of Singapore’s population.

Future Community Development Prospects

Looking ahead, the Faber Walk development promises to be a catalyst for broader community growth in the area. You’ll likely see an influx of new residents, potentially spurring demand for enhanced local amenities and services. This could lead to the establishment of new retail outlets, eateries, and community facilities in the vicinity.

The URA’s long-term plans may include improving connectivity to nearby commercial hubs and employment centers. You might expect future infrastructure upgrades, such as expanded bus routes or improved pedestrian and cycling paths, to better link Faber Walk with surrounding areas.

The development could also trigger a rejuvenation of the existing Faber Hills Estate, with potential spillover effects on property values and neighborhood aesthetics. You’ll probably witness increased investment in public spaces and green corridors, aligning with Singapore’s vision of a city in nature.

Moreover, the influx of new families may necessitate expansions or improvements to educational facilities in the area. You should anticipate possible enhancements to local schools or even the establishment of new educational institutions to meet growing demand.