The newly launched Faber Residence, a 399-unit development in the well-established Clementi / Faber Hills enclave, has achieved a highly encouraging take-up rate of 86% during its launch weekend, with an average selling price of around S$2,160 per square foot (psf).
Strategic Location in the Outside Central Region (OCR)
Faber Residence is located along Faber Walk, off Clementi Avenue 6, in the Faber Hills area – a mature residential neighbourhood offering an appealing mix of greenery, connectivity and schooling options.
It is within walking distance of the upcoming Jurong Town Hall MRT Station on the Jurong Region Line, and enjoys access to major expressways such as the Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE).
Such locational strengths – particularly for families and professionals – have helped position the development as a compelling choice for owner-occupiers seeking value in a mature estate, rather than purely speculative investment purchases.
Pricing Strategy and Value Proposition
The average launch price of S$2,160 psf falls slightly below the OCR new-non-landed average of approximately S$2,275 psf for 2025, making the development relatively well-priced for its category.
Two-bedroom units began from about S$1.28 million, and three-bedroom units from roughly S$1.57 million, both of which fall into what agents call the “sweet spot” for many upgrading households.
One of the key enablers was the favourable land acquisition cost. Developers reportedly secured the site at about S$900 psf per plot-ratio (ppr) in November 2024 — significantly lower than comparable OCR land parcels acquired previously (which reached S$1,300 psf + ppr). This allowed for greater pricing flexibility without compromising margin — a factor that appears to have resonated well with buyers.
Strong Demand across Unit Mix
According to the developer, all 80 of the two-bedroom units and 199 of the three-bedroom units were sold during the launch. More than half of the larger four- and five-bedroom units were also taken up.
The strong interest in compact and mid-sized units reflects a broader trend in Singapore’s property market: families and couples preferring “right-sized” homes in good locations rather than ultra-luxury mega-units.
Market Implications & Buyer Sentiment
The success of Faber Residence comes against a backdrop of strengthening housing demand in the Outside Central Region (OCR) of Singapore’s private residential market in 2025.
For the first nine months of the year, over 3,800 new private homes (excluding executive condominiums) in the OCR were sold — more than double the same period in the prior year.
Industry analysts attribute this strong showing to a mix of favourable factors: relatively low borrowing rates, strong upgrader demand, and limited fresh supply in certain mature estate pockets.
At the same time, the fact that Faber Residence sits in a location that has not seen a new launch for many years — the last major project in Faber Hills was around 2014 — adds a scarcity premium to its appeal.
Some analysts cautioned that such strong launch results might suggest the market is becoming somewhat “frothy” if buyers are undeterred by broader economic or job-market uncertainty. Nonetheless, for now, Faber Residence stands out as a clear winner in its segment.
What This Means for Buyers & Investors
Owner-occupiers: For households looking to upgrade from HDB or older condos, Faber Residence presents good value given its competitive pricing, strong location, and full amenities.
Investors: While buyers should always consider tenure, upcoming supply, and market cycles, the relatively lower entry price and high initial take-up rate suggest healthy demand momentum in this project.
Market watchers: The strong launch performance may signal sustained demand for well-priced, well-located private homes in the OCR and other non-core areas — particularly those catering to practical housing needs rather than high-luxury niches.
Final Word
The launch weekend of Faber Residence has underscored the continuing strength of Singapore’s new-launch private condominium market — especially in the OCR, where savvy pricing and location continue to drive success.
With 86 % of units sold and an average of S$2,160 psf, the project delivers a compelling mix of value, connectivity and lifestyle — setting a benchmark for upcoming OCR launches in 2025.