GuocoLand, in partnership with TID and Hong Leong Holdings, has successfully secured a green club facility worth $367.1 million from DBS Bank for the development of its Faber Walk site. The residential land parcel was obtained through a Government Land Sale tender last November, with the consortium’s top bid of $349.86 million, or $900 psf per plot ratio.
The site, situated in the Faber Walk landed private residential enclave next to the Faber Hills estate, will feature 399 residential units spread across nine low-rise blocks. With a prime location next to the Pandan River and the upcoming Old Jurong Line Nature Trail, the future development promises to be a waterfront paradise.
This green facility for the Faber Walk project is in line with GuocoLand’s commitment to sustainability, which is seen in its other developments such as 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 aims to incorporate biophilic designs in their developments to provide a sustainable and green living environment for their residents. This has been proven successful in their previous launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate.
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The Faber Walk development is expected to receive the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion. This further solidifies GuocoLand’s commitment to creating sustainable and environmentally-friendly homes.
GuocoLand’s upcoming project, a joint development with Hong Leong Holdings, is a 941-unit residential development at its Upper Thomson Road (Parcel B) site. It was awarded to the consortium last April, and is slated for launch in the second half of the year. With these developments, GuocoLand continues to cement its reputation as a sustainable and socially responsible developer in the real estate industry.